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Trump Tax

Corporate Investors, Not Workers Get Trump Tax Windfall

This tax cut presents companies with an ideal opportunity to begin allocating resources in ways that better align with the public’s priorities. Our analysis shows that, of the 90 companies that have so far announced their intentions, six percent of tax-related income is being allocated to workers, more than half of which takes the form of one-time bonuses, as opposed to permanent raises or benefits. An additional 22 percent is allocated to job creation. And if we assume that all proceeds not already earmarked for other uses actually flow to management and shareholders in the form of stock buybacks or direct distributions, then 58 percent of corporate spending will go back to investors.
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