“Republicans are struggling to make the $1.5 trillion Trump tax cuts a winning issue with voters in the midterm congressional elections, but the cuts are helping the party in another crucial way: unlocking tens of millions of dollars in campaign donations from the wealthy conservatives and corporate interests that benefited handsomely from it.”
News & Updates
For media inquiries, contact press@notonepenny.org.
“According to a new report from the Economic Policy Institute, America’s largest companies saw their average CEO compensation surge to $18.9 million last year, an 18 percent increase over the previous year. After Donald Trump and congressional Republicans championed a tax law that they claimed would increase wages for working families, CEO pay is rapidly ballooning while worker wages remain flat.”
“Top executives of America’s biggest companies saw their average annual pay surge to $18.9 million in 2017, according to a report released Thursday, fueling concerns about the gulf between the nation’s richest and everyone else.”
“The advocacy group Not One Penny issued a statement citing various research that suggests the federal tax cuts will not directly benefit all Iowans. Nearly 1 in 4 Iowans will actually pay more taxes and more than 188,000 will see no reduction, according to the Institute on Taxation and Economic Policy, a liberal-leaning nonprofit, nonpartisan national economic policy think tank.”
“Vice President Pence has continued his tour propping up Republican tax cuts for the rich. It could not be more clear that this law disproportionately benefits millionaires, billionaires, and wealthy corporations at the expense of working families—including the nearly 11,000 workers laid off in Ohio since this law was passed.”