I read with a combination of amusement and dyspepsia that the Koch brothers and their Americans For Prosperity super-PAC plan to spend $20 million on a P.R. ad campaign to try to convince us that the GOP trickle-down tax scam is thing of beauty. Call me a cynic, but I must ask: If the benefits are really so widespread and self-evident, why spend so much money on messaging? Why spend any?
While Davos Don blows sunshine up his own skirt, remember that U.S. economic improvements are continuing a steady and pre-existing upward trend; the $1.5 trillion tax cut goes almost entirely to businesses and wealthy individuals; the average American wage earner will gain about $17 a week; although some companies are making a big show of one-time bonuses and minimum wage increases, the vast majority of businesses have done neither -- corporate tax benefits are flowing to top executives and shareholders.
And consider these recent announcements:
- Kimberly-Clark, maker of Kleenex, etc., is laying off 5500 employees.
- AT&T is laying off 4600.
- Macy's is laying off 10,000.
- General Electric is laying off 12,000.
- Sam's Club closed 63 stores and laid off 11,000.
- Toys R Us is closing 180 stores.
- The Gap is closing 200 stores.
- The Carrier plant in Indiana which Trump and Pence "saved" from relocating to Mexico has laid off over 600 workers, including 215 earlier this month.
- Locally, Huntington Bank announced record 4th quarter profits, including $123 million attributed to the corporate tax cut. Huntington has no plans to pay bonuses or raise wages.
The Kochs and AFP see it clearly: Trump's tax cut is a crock of shit and it stinketh. It'll take a real sales job to make it seem like it smells better.
No comments:
Post a Comment