If Corporations Get a Tax Cut, We Want a Raise | Communications Workers of America

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If Corporations Get a Tax Cut, We Want a Raise

CWA members know that you can't rely on a boss's promises. If you want to make sure something sticks, you need to negotiate and get it in writing.

That's why CWA President Chris Shelton sent letters to the CEOs of some of CWA's largest employers this week asking them to guarantee that if the corporate tax cuts proposed in the "Tax Cuts and Jobs Act" go into effect, CWA members will receive the $4,000 wage increase that President Trump and his economic advisers have promised and ensure that their companies won't take advantage of loopholes in the bill to send more jobs overseas.

Many economists are skeptical that corporate tax cuts will result in wage increases, increased investment or an end to offshoring. Instead, they predict that corporations will use the money to buy back stock or issue dividends. In fact, last week during a panel discussion with Gary Cohn, the head of the President's Council of Economic Advisors, a room full of CEOs refused to raise their hands when asked if they would use their tax cut to increase investment.

 

President Shelton's letters went to the CEOs of Verizon, AT&T, CenturyLink, Frontier Communications, American Airlines, General Electric, NBC Universal and ABC Entertainment. He has given them until December 1 to respond. Click here for links to the letters.