NEW NOT ONE PENNY AD: New Tax Law Lines the Pockets of Wealthy Shareholders, Gives Almost Nothing to Workers
FOR IMMEDIATE RELEASE:
Thursday, March 15, 2018
WASHINGTON, D.C. — Not One Penny is beginning a new ad campaign to educate Americans about how the tax bill lines the pockets of wealthy shareholders while providing next to nothing for middle-class families.
The television ad is the opening salvo of a new Not One Penny campaign, which highlights that the tax law gives corporations a 40 percent tax cut and corporate stakeholders 30 times more than workers. The ad campaign is designed to educate Americans about the coming effects of the law.
“There is a lot of misinformation about the new tax law,” said Tim Hogan, spokesperson for Not One Penny. “Here’s the truth: from stock buybacks to layoffs to payouts for wealthy investors and corporate shareholders, the new tax law is designed to overwhelmingly benefit the rich while leaving working Americans behind.”
Recent polling shows that a majority of Americans oppose the tax plan forced through Congress by Republican leadership. The new polling also shows that Americans believe that the tax plan unfairly benefits the wealthy and well-connected.
The ad can be viewed here and a full transcript is included below.
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There’s been a lot of misinformation out there about the new tax law. Here’s what you need to know.
The new tax law gave corporations a 40 percent tax cut and payouts to corporate owners have skyrocketed — $200 billion in just the first few months of 2018. That’s 30 times more than anything workers have received.
Hundreds of billions for wealthy shareholders, almost nothing for workers.
The facts speak for themselves.