Over and over, we’ve heard the GOP mantra that the #GOPTaxScam was aimed at giving working Americans a boost. And yet, when you look at the actual policy, the lion’s share of the tax cuts is going to corporations.
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"The tax bill was sold as a way to create jobs and boost stagnant wages. So far, at least, corporations have been showing more concern about shareholders than about employees or the economy as a whole."
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The problem is, share buybacks don’t really help workers. They don’t directly help grow the economy. They’re a quick way for big corporations to take more of their stock off the market, raising the value of the shares. Who benefits? Take a look:
#GOPTaxScampic.twitter.com/O6vv4cahxx
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Whiny Chuck .Get on board
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Retire you are useless
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You do realize that even this "small" raise is the first one many Americans have seen in at least a decade?
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@SenSchumer#WorkingFamilies don’t want#WallStDeregulation-Ur silence on S.2155 is worrisome-S.2155 drills a tiny hole 2 deregulate biggest banks that got#2008TaxpayerBailout while alluding help 4 small banks!@SenateDems https://nyti.ms/2D21kKoThanks. Twitter will use this to make your timeline better. UndoUndo
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What , you're not looking at the jobs report that's been looking positive? Or maybe how people are finally feeling more positive about what they're doing. Jobs coming back to America. You're such nut.
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How much have you accepted in donations from " Government Sachs" employees? Hypocrite.
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It's frustrating that this is news. I'm a retired exec at a Fortune 500 company. Most workers don't know what a stock buy back means. Please tell them. I'm not known, please explain what this means.
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So, if my 401k fund mgr had the smarts to buy stock in one of the companies that are now paying premiums to buy back it's stock, am I not reaping a financial benefit?
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Corps don't pay a premium to buyback their stock. Most are currently buying back their shares to reduce dilution caused by their stock incentive plans. The real issue is that the top 10% of wealthiest American households own 84% of the stock. So vast majority going to wealthiest.
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You're so economically dumb, or just a liar playing politics. Maybe it's both.
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