New Survey Reveals The Truth About The GOP Tax Scam Bill
Corporations have no intention to share the tax cut with employees in the form of bonuses or wage increases.
A new survey of the nation’s largest corporations confirms what critics of the GOP tax scam have long said – wealthy corporations have no intention of sharing the tax cut with their employees.
The survey, conducted by CNBC and published Wednesday, asked the companies that make up the S&P 100 if they planned to increase employee pay, provide bonuses or even increase capital investment in the U.S. as a result of the Trump tax cut.
The survey found that out of the 100 largest corporations, just 9 percent plan to use the money they save from the tax cuts to increase employee pay.
While some companies have announces $1,000 bonuses the new CNBC survey confirms that corporations have no intention of sharing any of the money they will save with their employees.
Wealthy corporations received massive tax cuts from the Trump-GOP bill which lowered the corporate tax rate from 35 percent to 21 percent.
[image via Creative Commons/Michael Vadon]
