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Big Business Is Cashing In On Trump's Tax Cuts

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
"Corporations have lined the pockets of their shareholders, fueling record-breaking profits and exacerbating inequality," writes Lindsay Owens.
The article from MSN, titled "How Big Business is Cashing in on Trump's Tax Cuts," discusses how major corporations have benefited significantly from the tax reforms implemented during Donald Trump's presidency. The Tax Cuts and Jobs Act of 2017 lowered the corporate tax rate from 35% to 21%, leading to substantial savings for large companies. The article highlights that these tax cuts have enabled corporations to increase shareholder returns through higher dividends and stock buybacks, rather than investing in wage increases or new job creation. It also notes that while some companies did offer one-time bonuses to employees, the long-term benefits have largely accrued to executives and shareholders. Critics argue that this has exacerbated income inequality and failed to deliver the promised economic boost to the broader population.

Read the Full TIME Article at:
[ https://www.msn.com/en-us/money/markets/how-big-business-is-cashing-in-on-trump-s-tax-cuts/ar-AA1FiSKE ]