Ben Popken

@bpopken ↗

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Last Checked April 15, 2020

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Fri Mar 27 00:30:46 +0000 2020

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Ben Popken @bpopken

Some companies did use part of the tax cut to give their employees a one-time cash bonus, allowing them to benefit workers without raising the company's fixed costs. However, employees pay a higher tax on bonuses as supplemental income. — PolitiTweet.org

Posted March 27, 2020

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Ben Popken @bpopken

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations. The WH said over "70 percent" would be returned to workers. — PolitiTweet.org

Posted March 27, 2020

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Ben Popken @bpopken

Companies instead mainly used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. — PolitiTweet.org

Posted March 27, 2020