Wednesday 28 February 2018

American workers will see only a tiny portion of the corporate tax windfall.

Demonstrators protest against the federal government tax reform in front of the federal building in San Diego, California, U.S., December 4, 2017. REUTERS/Mike Blake
American workers will see only a small portion of the massive windfall of money going to companies following corporate tax reform, according to a new analysis from JUST Capital.

With the corporate tax rate dropping from 35% to 21%, many companies have announced plans to hike wages and give out bonuses.  Yahoo Finance has compiled a list of names. This year, JUST Capital estimates that the Russell 1000 companies it follows will see $150 billion in tax-related income.

Of the 90 of the largest publicly-traded companies that have announced plans an average of 6% of that tax-related income will go to workers, according to JUST Capital’s analysis.






By Julia La Roche.

Full story at Yahoo News.

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