Trump's Tax Reform Lie
Trump stated during his campaign that he would punish companies that took jobs overseas with tax penalties. He said he would do something about companies that hoarded money in offshore accounts to avoid paying taxes. This "tax reform bill" does nothing of the sort. It gives large corporations tax breaks, does nothing to penalize companies that outsource jobs overseas and it does nothing to companies that hoard money offshore. Providing corporations with tax breaks and th e ability to hoard money in offshore accounts has been business as usual since the WTO and NAFTA came about, and probably even prior to that under Reagan and his famous trickle down economy that only trickled up. We know from this example that when corporations are given more money, it does nothing to create more domestic jobs. All this did was increase C-level executives' salaries - which has grown in the hundreth percentile when compared to worker salaries. Some CEOs are making 400% more than...