Telecomm Giants Lay Off Thousands of Americans After Receiving Over $53 Billion in Tax Cuts

AT&T, Verizon, and Comcast got $50 billion in tax cuts in 2017, over $3.5 billion so far in 2018

AT&T, Verizon, and Comcast have laid off thousands of Americans since getting billions in cuts

Friday, July 27, 2018


WASHINGTON, D.C. — Not One Penny Spokesperson Tim Hogan released the following statement on telecom giants AT&T, Verizon, and Comcast laying off thousands of American workers, receiving over $50 billion in tax cuts from the GOP tax bill:

“Republicans have doled out more than $50 billion in tax cuts to the wealthiest telecommunications corporations that are sending out pink slips across America. These tax cuts were supposed to lead to new jobs and better livelihoods for working families, not job cuts and lower wages. Even as wealthy corporations make record profits, Donald Trump and congressional Republicans continue to insist the tax bill was a measure for working families –we know that’s not the case.”