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Corporate tax cuts not trickling down to workers

 


Working families are, as usual, getting the short end of the stick from the new Trump-GOP tax law. Huge tax cuts that mostly go to the wealthy and corporations are exploding the national debt, and threaten deep cuts to essential public services like Social Security, Medicare, Medicaid and education.

Not only are the tax cuts unwise, they’re unfair. Corporations saw their tax rate slashed from 35 percent to 21 percent — a cut of 40 percent. Their wealthy CEOs, who are members of the top 1 percent, are getting a tax cut that averages more than $51,000 a year. The bottom three-fifths of th...



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