What is Nostr?
Robert Reich /
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2024-07-06 17:34:04

Robert Reich on Nostr: Trump’s tax law cut the corporate tax rate from 35% to 21%. What did corporations ...

Trump’s tax law cut the corporate tax rate from 35% to 21%.

What did corporations do with the money saved?

They didn’t invest it or raise wages.

They spent a record $1 trillion on stock buybacks the year after the law went into effect.

Nothing trickled down to workers.
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