By Matt Egan “The White House has celebrated the tax cut bonuses unveiled by the likes of Walmart (WMT), Bank of America (BAC) and Disney (DIS). Yet shareholders, not workers, are far bigger direct winners from the Tax Cuts and Jobs Act of 2017.”… [Click HERE to read the…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
The buyback boondoggle is beggaring America
By Robert Reich “Trump’s promise that corporations will use his giant new tax cut to make new investments and raise workers’ wages is proving to be about as truthful as his promise to release his tax returns.”… [Click HERE to…
It’s time to ban stock buybacks
By Justin Miller “In the aftermath of the Trump tax cuts, Republicans have endlessly crowed about how corporations are using their newfound savings to give their employees wage hikes and bonuses. Paul Ryan even boasted on Twitter about a high…
Special Report: In 2018, corporate windfall from GOP tax scam overwhelmingly funneled to pockets of corporate executives and wealthy shareholders through nearly $100 billion incorporate share buybacks
By Senate Democrats “Just over one month into 2018, it’s clearer than ever that the GOP Tax Scam overwhelmingly benefits corporate CEOs and wealthy shareholders. While Republicans want working American families to thank them for $1.50 a week, corporate executives have been…
General Dynamics does not need Connecticut’s money
By Alex Nunes “General Dynamics is not a poor company. Far from it. Like all of the country’s top defense contractors, its stock is trading at record highs. As of this writing, one share in the Falls Church, Virginia-based company…
The Apple tax giveaway
By James S. Henry “It almost never snows in Silicon Valley, but last week the flurries were really flying and the snow-job drifts were piling up high at Apple Inc.’s corporate headquarters in Cupertino.”… [Click HERE to read the full…
Executive pay
By Anders Melin “The gap between pay for U.S. chief executive officers and the people who work for them has widened six-fold in three decades. Do bosses work six times as hard these days, or have they gotten smarter or…
Tax bill lowered corporate tax rate, so why are some companies announcing changes?
By Ciara Linnane, Tomi Kilgore, and Francine McKenna “The tax bill that President Donald Trump signed into law in December slashes corporate tax rates, so why are some companies announcing charges instead of benefits from the change?”… [Click HERE to…
ESOPs fables: Infosys stock buyback bonanza
By C. R. Sridhar “In an information saturated age such as ours corporate spin is sine qua non of business reporting where the narrative is controlled by the few to the detriment of the many. None is more evident than…
How to make companies share their bounty
By Justin Fox “The theory behind the claim that cutting corporate taxes will increase workers’ incomes goes something like this: The corporate tax should affect labor market outcomes by affecting the distribution of capital investments across countries, and thus capital-to-labor…
