{"id":2465,"date":"2018-04-05T15:41:00","date_gmt":"2018-04-05T15:41:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/04\/05\/trump-tax-is-not-helping-workers\/"},"modified":"2018-04-05T15:41:00","modified_gmt":"2018-04-05T15:41:00","slug":"trump-tax-is-not-helping-workers","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-tax-is-not-helping-workers\/","title":{"rendered":"Trump Tax Is Not Helping Workers"},"content":{"rendered":"<p>As Trump heads to West Virginia today for a tax roundtable, we know that he will continue to lie about the Republican tax bill. Despite what he says, the truth is that the Trump tax is not helping workers. Here are the facts:<\/p>\n<p>&nbsp;<\/p>\n<p><strong>The Trump tax is not helping workers.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/wonk\/wp\/2018\/04\/05\/the-tax-cuts-were-supposed-to-help-workers-unions-say-theyre-not\/?utm_term=.b1148701b25f\">Washington Post<\/a> Wonkblog: &ldquo;<strong>The tax cuts were supposed to help workers. Unions say they&rsquo;re not<\/strong>.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.vox.com\/policy-and-politics\/2018\/3\/22\/17144870\/stock-buybacks-republican-tax-cuts\" target=\"_blank\" rel=\"noopener noreferrer\">Vox<\/a>: &ldquo;<strong>Republicans said their&nbsp;tax&nbsp;bill would go to workers. Instead, it&rsquo;s going to Wall Street<\/strong>.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.fastcompany.com\/40537732\/workers-are-getting-basically-nothing-from-the-corporate-tax-windfall\" target=\"_blank\" rel=\"noopener noreferrer\">Fast Company<\/a>: &ldquo;<strong>Workers Are Getting Basically Nothing From The Corporate&nbsp;Tax&nbsp;Windfall<\/strong>.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p><strong>Corporations are using their massive windfalls to benefit their wealthy shareholders in record numbers, and most<\/strong> <strong>have no plans for those benefits to trickle down to workers.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.cnbc.com\/2018\/03\/02\/companies-projected-to-use-tax-cut-for-record-share-buybacks-jp-morgan.html\" target=\"_blank\" rel=\"noopener noreferrer\">CNBC<\/a>: &ldquo;<strong>Companies projected to use&nbsp;tax&nbsp;cut windfall for record share buybacks<\/strong>, JP Morgan says.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">\n<a href=\"http:\/\/www.businessinsider.com\/tax-cuts-fail-to-boost-corporate-investment-plans-fed-survey-shows-2018-3\" target=\"_blank\" rel=\"noopener noreferrer\">Business Insider<\/a>: &ldquo;&lsquo;In our February survey&mdash;which was in the field from&nbsp;February 12 through February 23&mdash;we asked firms, &#39;How has the recently enacted&nbsp;Tax&nbsp;Cuts and Jobs Act led you to revise your plans for capital expenditures in 2018?&#39; The results shown below&mdash;restricted to the 218 firms that responded in both November 2017 and February 2018&mdash;suggest that,&nbsp;<strong>if anything, these firms have revised down their expectations for this year<\/strong>.&rsquo;&#8221;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p><strong>The Trump tax overwhelmingly benefits the top 1% rather than lower-income Americans.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/wonk\/wp\/2018\/03\/30\/the-richest-americans-get-a-33000-tax-break-under-the-gop-tax-law-the-poorest-get-40\/?utm_term=.09c501672ff5\">Washington Post<\/a>: &ldquo;<strong>The Republican tax law passed last fall will give the richest 1 percent of Americans an average personal income tax break of about $33,000, while the poorest Americans will receive an average personal income tax break of $40<\/strong>, according to a new study published this week by nonpartisan analysts.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p><strong>More than half of Americans say they have not seen their paychecks increase<\/strong> <strong>despite Republicans&rsquo; promises.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.cnbc.com\/2018\/03\/27\/trumps-approval-rating-dips-after-opposition-to-tariffs.html\" target=\"_blank\" rel=\"noopener noreferrer\">CNBC<\/a>: &ldquo;Just 32 percent of the public reports having more take home pay because of the&nbsp;tax&nbsp;cuts, including only 48 percent of Trump supporters and 35 percent of the middle class.&nbsp;<strong>More than half say they see no change in their paychecks<\/strong>&nbsp;and 16 percent are unsure.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p><strong>Americans see through the Republican tax lies.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"http:\/\/thehill.com\/policy\/finance\/380886-gop-tax-message-hits-a-snag\" target=\"_blank\" rel=\"noopener noreferrer\">The Hill<\/a>: &ldquo;<strong>GOP&nbsp;tax&nbsp;message&nbsp;hits a snag<\/strong>&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"http:\/\/www.msnbc.com\/rachel-maddow-show\/republican-tax-cuts-not-working-out-the-gop-intended\" target=\"_blank\" rel=\"noopener noreferrer\">MSNBC<\/a>: &ldquo;<strong>Republican&nbsp;tax&nbsp;cuts&nbsp;not working out&nbsp;as the GOP intended<\/strong>&rdquo;<\/p>\n<p style=\"margin-left:.5in;\">&nbsp;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.huffingtonpost.com\/entry\/republican-tax-law-weak-returns_us_5abe8315e4b0a47437aaceac\" target=\"_blank\" rel=\"noopener noreferrer\">Huffington Post<\/a>: &ldquo;<strong>Republicans Are Seeing&nbsp;Weak Returns&nbsp;On The&nbsp;Tax&nbsp;Law<\/strong>&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Trump heads to West Virginia today for a tax roundtable, we know that he will continue to lie about the Republican tax bill. Despite what he says, the truth is that the Trump tax is not helping workers. Here are the facts: &nbsp; The Trump tax is not helping workers. &nbsp; Washington Post Wonkblog: <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2465","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Tax Is Not Helping Workers - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trump-tax-is-not-helping-workers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T15:41:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-tax-is-not-helping-workers\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-tax-is-not-helping-workers\/\",\"name\":\"Trump Tax Is Not Helping Workers - 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