When the Republican corporate tax cut bill was being debated, AT&T CEO Randall Stephenson was happy to make big promises to the American people that if it passed, AT&T would create thousands of new jobs.
Since the passage of the Republican corporate tax cut bill, companies like AT&T have failed to raise wages for their employees, and have instead funneled their massive profits from the tax bill into stock buybacks that only benefit executives and large shareholders.
The Republican “Tax Cuts and Jobs Act” created additional incentives and rewards for profits to be made overseas by allowing companies to pay significantly less of the corporate tax rate on profits earned abroad as they would in the United States, while also exempting certain types of overseas corporate investments from taxes entirely.
Members of the Committee for Better Banks, a CWA project, gathered in Washington, D.C., this week as Wells Fargo CEO Tim Sloan was called in to testify in front of the House Financial Services Committee.
One of the most outrageous loopholes in our tax code is the "carried interest" loophole, which allows hedge fund and private equity fund managers to claim part of what is really salary income as capital gains instead.
The United Automobile Workers joined CWA this week urging the House Ways and Means Committee to investigate how major corporations are spending the enormous tax cut benefits they received from the 2018 tax bill.
This week, Kathleen Ham, T-Mobile’s senior vice president for government affairs, told Communications Daily that CWA has “no credibility” on jobs - an inaccurate and wildly hypocritical assertion in light of T-Mobile’s real record on jobs and the job-killing impact of the proposed T-Mobile/Sprint merger.
The news that T-Mobile is planning to build five domestic customer experience centers if the proposed merger with Sprint is approved represents an attempt to obscure the fact that the merger would be a substantial net job killer for America.