“Drugmakers, whose industry pricing faced renewed scorn this month from President Trump, have been taking advantage of the GOP tax overhaul he signed last year to buy back shares of their own underperforming stocks.”
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“What makes McDonald’s refusal to pay its workers a living wage even more shocking is the fact that the company pocketed over $100 million as a result of the GOP tax bill in only one quarter. Rather than use these massive tax breaks to provide living wages for its employees who work hard to make ends meet, McDonald’s chose to award its CEO with a massive 42 percent increase in executive compensation.”
“Since the TrumpTax became law, major oil companies have announced record stock buybacks and billions in profits, thanks to the rising costs of fuel and provisions that have already benefited oil companies. The TrumpTax gave a 40 percent tax break to big oil companies.”
“Washington, D.C. — Today, Walmart released its quarterly earnings report which showed Walmart’s tax rate dropped from 33% in Q1 of 2017 to 19% in Q1 of 2018. As a result of the TrumpTax, the drop in tax rate gave Walmart an additional $373 million in tax breaks.”
“A progressive group is going after the Republican-backed tax law with a new, six-figure ad campaign in Nevada, a key state in the 2018 midterm elections. The Tax March, a nonprofit group affiliated with the "Not One Penny" progressive coalition, says they will spend around $500,000 on the ad campaign in the Las Vegas media market.”