Expressing concern for "fiscal sustainability" just months after signing a tax bill that is expected to add $1.9 trillion to the national debt over the next ten years,Trump announced that he is canceling pay raises for nearly 1.8 million federal workers because he claims "federal agency budgets cannot sustain such increases." Labor activists argue that the $25 billion Trump claimed the pay raises would cost is a drop in the bucket compared to the GOP's enormous gifts to the rich.
Trump's decision to cancel the modest 2.1 percent pay raises that were set to go into effect in 2019 comes as wages for most workers are either completely stagnant or declining. Meanwhile, corporate profits are soaring to record levels, the stock market is booming, and CEO pay remains sky-high.
The American Federation of Government Employees (AFGE) noted in a statement that the president's move completely ignores the fact that federal workers "are worse off today financially than they were at the start of the decade. Federal employees have had their pay and benefits cut by over $200 billion since 2011, and they are earning nearly five percent less today than they did at the start of the decade."
https://www.commondreams.org/news/2018/08/30/absolutely-repulsive-after-15-trillion-tax-giveaway-rich-trump-cancels-modest-pay
Trump's decision to cancel the modest 2.1 percent pay raises that were set to go into effect in 2019 comes as wages for most workers are either completely stagnant or declining. Meanwhile, corporate profits are soaring to record levels, the stock market is booming, and CEO pay remains sky-high.
The American Federation of Government Employees (AFGE) noted in a statement that the president's move completely ignores the fact that federal workers "are worse off today financially than they were at the start of the decade. Federal employees have had their pay and benefits cut by over $200 billion since 2011, and they are earning nearly five percent less today than they did at the start of the decade."
https://www.commondreams.org/news/2018/08/30/absolutely-repulsive-after-15-trillion-tax-giveaway-rich-trump-cancels-modest-pay
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