{"id":2262,"date":"2018-02-08T20:22:00","date_gmt":"2018-02-08T20:22:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/02\/08\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/"},"modified":"2018-02-08T20:22:00","modified_gmt":"2018-02-08T20:22:00","slug":"corporate-tax-cuts-still-arent-trickling-down-to-workers","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/","title":{"rendered":"Corporate Tax Cuts Still Aren\u2019t Trickling Down To Workers"},"content":{"rendered":"<p>Workers are only getting a very small fraction of the savings companies are passing on to their wealthy shareholders. The numbers don&rsquo;t lie &ndash; the Trump tax is not trickling down. By touting small bonuses, Republicans are trying to pull a bait-and-switch to cover up for the billions in tax cuts they gave to corporations.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Companies have already announced $88.6 billion in stock buybacks so far this year.<\/strong><\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.cnbc.com\/2018\/02\/07\/companies-have-doubled-purchases-of-their-own-stock-since-trump-signed-tax-bill.html?__source=sharebar|twitter&amp;par=sharebar\">CNBC<\/a>: &ldquo;Corporate buyback announcements have surged in the weeks since President Donald Trump signed a sweeping corporate tax overhaul into law. <strong>Companies have announced $88.6 billion in stock buybacks so far this year<\/strong>, more than double the amount in the same period last year, according to data provided by Birinyi Associates.&rdquo;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Republicans have touted one-time bonuses that amount to less than three percent of what corporate shareholders are reaping.<\/strong><\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.cnbc.com\/2018\/02\/07\/companies-ramp-up-stock-buybacks-following-passage-of-tax-law.html\">CNBC<\/a>: &ldquo;<strong>That figure dwarfs a number that Republicans have been touting:<\/strong> <strong>$2.5 billion in bonuses<\/strong> that companies have announced in response to the new tax law.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Workers are only getting a very small fraction of the savings companies are passing on to their wealthy shareholders. The numbers don&rsquo;t lie &ndash; the Trump tax is not trickling down. By touting small bonuses, Republicans are trying to pull a bait-and-switch to cover up for the billions in tax cuts they gave to corporations. <\/p>\n","protected":false},"author":0,"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-2262","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>Corporate Tax Cuts Still Aren\u2019t Trickling Down To 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\/corporate-tax-cuts-still-arent-trickling-down-to-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=\"2018-02-08T20:22:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" 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\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/\",\"url\":\"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/\",\"name\":\"Corporate Tax Cuts Still Aren\u2019t Trickling Down To Workers - Democrats\",\"isPartOf\":{\"@id\":\"https:\/\/democrats.org\/#website\"},\"datePublished\":\"2018-02-08T20:22:00+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/democrats.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Corporate Tax Cuts Still Aren\u2019t Trickling Down To Workers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/democrats.org\/#website\",\"url\":\"https:\/\/democrats.org\/\",\"name\":\"Democrats\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/democrats.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Corporate Tax Cuts Still Aren\u2019t Trickling Down To Workers - Democrats","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/","og_locale":"en_US","og_type":"article","og_site_name":"Democrats","article_published_time":"2018-02-08T20:22:00+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/","url":"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/","name":"Corporate Tax Cuts Still Aren\u2019t Trickling Down To Workers - Democrats","isPartOf":{"@id":"https:\/\/democrats.org\/#website"},"datePublished":"2018-02-08T20:22:00+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/democrats.org\/news\/corporate-tax-cuts-still-arent-trickling-down-to-workers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/democrats.org\/"},{"@type":"ListItem","position":2,"name":"Corporate Tax Cuts Still Aren\u2019t Trickling Down To Workers"}]},{"@type":"WebSite","@id":"https:\/\/democrats.org\/#website","url":"https:\/\/democrats.org\/","name":"Democrats","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/democrats.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/2262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/comments?post=2262"}],"version-history":[{"count":0,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/2262\/revisions"}],"wp:attachment":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/media?parent=2262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/categories?post=2262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/tags?post=2262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}