By Arthur Delaney “Since President Donald Trump signed the Republican tax bill in December, hundreds of retail companies have announced employee bonuses totaling more than $3 billion, which Republicans have said proves them right that the new law benefits regular…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Deindustrialization in the Granite State
By Marie Christine Duggan “Why did one third of U.S manufacturing jobs disappear between 2001 and 2009? And more generally, why did the U.S. industrial base go into decline after 1980? Conventional wisdom has it that job loss was due…
Analysis: Major corporations have spent just 6% of tax cut windfall on workers. Guess where the other 94% went
By Jake Johnson “Almost everyone—nonpartisan commentators, economists, and even President Donald Trump’s chief economic adviser—predicted that corporate shareholders and CEOs, not workers, would be the primary beneficiaries of the Republican tax law, and several recent analyses have shown that prediction to be…
Tax cuts scoreboard: Workers $5.2B, shareholders $172B
By Chris Hayes “The total amount that’s gone to shareholders thanks to stock buybacks since the Trump tax cut is 34 times what workers have gotten in the form of bonuses and wage increases.”… [Click HERE to watch the video]
Let’s call the GOP tax bill what it is: the ‘Tax Cuts for Shareholders’ Act
By Lenore Palladino “In the six weeks since the passage of the GOP tax plan, officially known as the Tax Cuts and Jobs Act, businesses have been lauded for announcements of wages and bonuses. Yet it’s corporate stock buybacks —…
GOPTaxScam – Layoffs for workers and buybacks for executives
By Senate Democrats [Click HERE to watch the video]
Why profits aren’t enough
By Judith F. Samuelson “When Larry Fink, CEO of BlackRock and the largest holder of virtually every listed stock, wrote to CEOs last month, he gave fuel to a forty-year-old debate about the corporation.”… [Click HERE to read the full article]
Tax reform leading to uptick in stock buyback opportunities
By Squawk Alley “Nicholas Colas, DataTrek Research co-founder, and William Lazonick, U-Mass Lowell economics professor, debate companies investing in stock buyback programs with benefits from tax reform rather than giving back to their employees.”… [Click HERE to watch the video]
This little-noticed section of Trump’s tax plan could make corporate America more responsible
By Rick Wartzman “Given Donald Trump’s reputation for being shortsighted, impulsive, and impatient, it would be no small irony if the president’s signature tax law spurs corporate America to think more about the long term.”… [Click HERE to read the full article]…
Tornano i buy-back a Wall Street, ‘cannibalismo finanziario’ che gonfia la Borse
By Morya Longo “Nel gergo freddo e anglofono dei mercati finanziari viene chiamato «buy-back». Ma potremmo anche definirlo «cannibalismo finanziario»: il fenomeno delle società che “mangiano” (cioè ricomprano) le proprie azioni in Borsa, gratificando gli azionisti e sostenendo le proprie quotazioni,…
