{"id":2756,"date":"2018-06-20T13:33:00","date_gmt":"2018-06-20T13:33:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/06\/20\/6-months-in-trump-tax-law-sold-out-workers-while-ceos-cashed-in\/"},"modified":"2018-06-20T13:33:00","modified_gmt":"2018-06-20T13:33:00","slug":"6-months-in-trump-tax-law-sold-out-workers-while-ceos-cashed-in","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/6-months-in-trump-tax-law-sold-out-workers-while-ceos-cashed-in\/","title":{"rendered":"6 Months In: Trump Tax Law Sold Out Workers While CEOs Cashed In"},"content":{"rendered":"<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">It&rsquo;s been 6 months since the Trump tax law passed.&nbsp; It&rsquo;s more clear than ever: Trump&rsquo;s tax law sold out workers, while CEOs and wealthy corporations cashed in.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Wages have gone down for most workers since the Trump tax law passed.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Despite Trump and Republicans&rsquo; promises, real hourly wages for most workers have actually <\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.washingtonpost.com\/news\/politics\/wp\/2018\/06\/14\/the-republican-tax-bills-promises-of-higher-wages-and-more-jobs-havent-materialized\/?utm_term%3D.a605eb894dfe&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNHygED6VJa0tT3Yihg1WkUCCS26xg\" href=\"https:\/\/www.washingtonpost.com\/news\/politics\/wp\/2018\/06\/14\/the-republican-tax-bills-promises-of-higher-wages-and-more-jobs-havent-materialized\/?utm_term=.a605eb894dfe\" target=\"_blank\" rel=\"noopener noreferrer\">declined<\/a> since the passage of the Trump tax law.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">While Americans face higher costs of living &#8212; including from rents, health care premiums, drug prices, and higher gas prices &#8212; wages have <\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.bloomberg.com\/news\/articles\/2018-06-12\/u-s-inflation-at-six-year-high-eating-away-at-wage-increases&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNGFu7Dv9jQDXcm1_chbRCAlZfrkNA\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-12\/u-s-inflation-at-six-year-high-eating-away-at-wage-increases\" target=\"_blank\" rel=\"noopener noreferrer\">not kept up<\/a>.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">But, the CEOs of big corporations are paying themselves millions more.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">According to the SEC, CEOs have cashed in on stock buybacks fueled by the Trump tax breaks to boost their own compensation by<\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/money.cnn.com\/2018\/06\/11\/investing\/stock-buybacks-sec-report\/index.html&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNER853ndgJPVCWGK8fnjTEUkYKcYg\" href=\"http:\/\/money.cnn.com\/2018\/06\/11\/investing\/stock-buybacks-sec-report\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\"> tens of millions of dollars<\/a>.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Last year, median CEO pay for the largest U.S. companies hit an <\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.wsj.com\/articles\/stock-markets-surge-lifts-ceo-pay-to-record-highs-1521624600&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNHLfwOkDAkMGqz0VN84Zn7LKWkmaQ\" href=\"https:\/\/www.wsj.com\/articles\/stock-markets-surge-lifts-ceo-pay-to-record-highs-1521624600\" target=\"_blank\" rel=\"noopener noreferrer\">all-time high<\/a>.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Corporations are paying wealthy shareholders a record amount of money.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Corporations are poised to shower their wealthy investors with a<\/span> <a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.bloomberg.com\/news\/articles\/2018-06-05\/america-inc-has-a-record-2-5-trillion-gift-for-stock-investors&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNHXSQSMzZjT32lGnDmHlXzu62ZBWg\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-05\/america-inc-has-a-record-2-5-trillion-gift-for-stock-investors\" target=\"_blank\" rel=\"noopener noreferrer\">$2.5 trillion<\/a> gift.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Corporations are using the Trump tax law to benefit their wealthy shareholders with record stock buybacks, up <\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.cnbc.com\/2018\/06\/04\/companies-to-pour-2-point-5-trillion-into-buybacks-dividends-ma-in-2018.html&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNGrNNsOnY16KCeam_XGpV0xKqAuvA\" href=\"https:\/\/www.cnbc.com\/2018\/06\/04\/companies-to-pour-2-point-5-trillion-into-buybacks-dividends-ma-in-2018.html\" target=\"_blank\" rel=\"noopener noreferrer\">83 percent so far this year<\/a>.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Americans see the reality of the Trump tax law. Six months in, it&rsquo;s increasingly unpopular. <\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">New polling shows that net support for the Trump tax law has fallen by <\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.monmouth.edu\/polling-institute\/documents\/monmouthpoll_us_061818.pdf\/&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNG9JiI_jYyS4afPpTCvkMkxTUqYSA\" href=\"https:\/\/www.monmouth.edu\/polling-institute\/documents\/monmouthpoll_us_061818.pdf\/\" target=\"_blank\" rel=\"noopener noreferrer\">24 percent<\/a> in swing districts since the <a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.monmouth.edu\/polling-institute\/documents\/monmouthpoll_us_050318.pdf\/&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNEuy2w7QWzxXErZV_z6jkuylwD_rg\" href=\"https:\/\/www.monmouth.edu\/polling-institute\/documents\/monmouthpoll_us_050318.pdf\/\" target=\"_blank\" rel=\"noopener noreferrer\">end of April<\/a>.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"list-style-type:disc;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span id=\"m_-6338250623130739186gmail-docs-internal-guid-cd788674-1d5e-5c7c-c894-a897ac47678d\">Overall approval for the Trump tax law remains underwater and continues to trend downward: approval has fallen <\/span><a data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.monmouth.edu\/polling-institute\/reports\/monmouthpoll_US_061818\/&amp;source=gmail&amp;ust=1529688027585000&amp;usg=AFQjCNF0wNfFTAnpCd8U75bb6lB_-dI1_A\" href=\"https:\/\/www.monmouth.edu\/polling-institute\/reports\/monmouthpoll_US_061818\/\" target=\"_blank\" rel=\"noopener noreferrer\">10 points<\/a> since its peak at 44 percent in January.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>It&rsquo;s been 6 months since the Trump tax law passed.&nbsp; It&rsquo;s more clear than ever: Trump&rsquo;s tax law sold out workers, while CEOs and wealthy corporations cashed in. &nbsp; Wages have gone down for most workers since the Trump tax law passed. &nbsp; Despite Trump and Republicans&rsquo; promises, real hourly wages for most workers have <\/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-2756","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 - 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