GOP Tax Giveaway to High Income -- How much has your take home changed -- same, smaller, ?

How Tax Cuts Could Decide the Midterms ... The Atlantic

...Yet evidence is growing that companies are devoting far less money to workers than to stock buybacks that benefit their shareholders, at a time when the top 10 percent of families own more than four-fifths of all stocks. While media tallies show companies have issued about $6 billion in bonuses, they have already announced $171 billion in stock buybacks in 2018, a record high and over double the level at this point last year. Spending on buybacks almost certainly will remain elevated, because executives feel a kind of arms-race pressure to lift their own stock prices while other companies are doing the same. “Once some companies start doing it, people say, ‘We’ve got to keep up,’” said William Lazonick, an economist at the University of Massachusetts, Lowell, who has studied buybacks.

PBS - The 1% are getting wealthier, and lobbying has a lot to do with it


#GOP #Tax Giveaway to High Income, #Wealthy -- How much has your take home changed -- same, smaller, ?

$$$ #OpenSecrets.org WI 1848 Forward: #OXFAM #PBS - The #1% getting wealthier & #lobbying has a lot to do with it !  #Trump #Tax Giveaway to friends in the SWAMP