Tuesday, May 29, 2018

No worker silver lining in tax cuts

In the aftermath of the Trump tax cuts, top corporate executives are now openly admitting that they have no plans whatsoever to invest their enormous windfall into wage increases for workers.

In a talk from executives in corporate America at the Dallas Fed late last week, Troy Taylor, CEO of Florida's Coca-Cola franchise, said of the possibility of broad wage hikes for workers: "It's just not going to happen. Absolutely not in my business."


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