{"id":1002506,"date":"2018-10-03T09:40:40","date_gmt":"2018-10-03T09:40:40","guid":{"rendered":"https:\/\/democrats.org\/?p=1002506"},"modified":"2024-05-23T20:15:55","modified_gmt":"2024-05-23T20:15:55","slug":"new-surveys-same-story-companies-are-not-using-the-trump-tax-law-to-benefit-workers","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-surveys-same-story-companies-are-not-using-the-trump-tax-law-to-benefit-workers\/","title":{"rendered":"New Surveys, Same Story: Companies Are Not Using The Trump Tax Law To Benefit Workers"},"content":{"rendered":"<p dir=\"ltr\">New surveys show the same story: companies are not using the Trump tax law to benefit workers, as Trump and Republicans promised they would. In fact, workers\u2019 real wages have actually declined since the Trump tax law was passed.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\">A new survey shows that 86% of companies are not using the Trump tax law to increase workers\u2019 salaries.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.wsj.com\/articles\/tax-cuts-provide-limited-boost-to-workers-wages-1538472600?mod=hp_lead_pos6\" target=\"_blank\" rel=\"noopener noreferrer\">Wall Street Journal<\/a>: \u201cA new survey of 152 companies by executive-recruitment firm Korn Ferry International revealed 14% were putting part of their tax-cut savings into base salary increases.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\">A poll shows that only 4% of companies are passing on some of their massive savings from the Trump tax law to their workers.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.wsj.com\/articles\/tax-cuts-provide-limited-boost-to-workers-wages-1538472600?mod=hp_lead_pos6\" target=\"_blank\" rel=\"noopener noreferrer\">Wall Street Journal<\/a>: \u201cA poll of 1,500 companies by consulting firm Mercer LLC showed 4% are redirecting tax savings to budgets for bigger paychecks in the coming year.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\">Another survey of more than 1,000 companies shows that a stunning 99% say they aren\u2019t using the Trump tax law to increase their minimum wages.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.wsj.com\/articles\/tax-cuts-provide-limited-boost-to-workers-wages-1538472600?mod=hp_lead_pos6\" target=\"_blank\" rel=\"noopener noreferrer\">Wall Street Journal<\/a>: \u201cAnd in a survey of more than 1,000 companies published by human-resources consulting firm Aon PLC, 99% said the tax cuts weren\u2019t prompting them to increase minimum wages.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\">Real wages for workers have actually declined since the Trump tax law was passed.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.politico.com\/story\/2018\/09\/05\/white-house-disputes-wage-stagnation-768243\" target=\"_blank\" rel=\"noopener noreferrer\">Politico<\/a>: \u201cAccording to BLS, gains in full-time median weekly earnings lagged inflation during the first six months of 2018 compared to one year before, and also during the last three months of 2017.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New surveys show the same story: companies are not using the Trump tax law to benefit workers, as Trump and Republicans promised they would. In fact, workers\u2019 real wages have actually declined since the Trump tax law was passed. &nbsp; A new survey shows that 86% of companies are not using the Trump tax law [&hellip;]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1002506","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Surveys, Same Story: Companies Are Not Using The Trump Tax Law To Benefit Workers - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/new-surveys-same-story-companies-are-not-using-the-trump-tax-law-to-benefit-workers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-03T09:40:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T20:15:55+00:00\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-surveys-same-story-companies-are-not-using-the-trump-tax-law-to-benefit-workers\/\",\"url\":\"https:\/\/democrats.org\/news\/new-surveys-same-story-companies-are-not-using-the-trump-tax-law-to-benefit-workers\/\",\"name\":\"New Surveys, Same Story: Companies Are Not Using The Trump Tax Law To Benefit Workers - 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