Explaining the failure of WV’s corporate tax cuts to produce prosperity

By Sean O’Leary

“In this month’s Harvard Business Review, William Lazonick writes in an article titled “Profits Without Prosperity“, that between 2003 and 2012 companies in the Fortune 500 “used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market.”…

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