A big failure unless you’re wealthy
And the rich get richerhttps://t.co/Ab64CBdF6v
— Robert F. Kennedy Jr (@RobertKennedyJr) December 23, 2018
— CNN Politics (@CNNPolitics) December 22, 2018
So a year after Trump signed his tax cuts into law, what are the results?
1) Wages haven't kept up with inflation.
2) The stock market is down.
3) The deficit is on track to surpass $1 trillion by 2020.
4) The 1,000 biggest companies have cut more jobs than they've created.
— Robert Reich (@RBReich) December 22, 2018
— ThinkProgress (@thinkprogress) December 23, 2018
Republicans said that their tax cut would help the middle class. Here are the results:
➡️ $1 trillion in stock buybacks for investors
➡️ A net 67,000 jobs lost at the 1,000 largest companies.
➡️ 62% of Americans haven’t gotten a raise this year.
— Ro Khanna (@RoKhanna) December 23, 2018
It's the anniversary of the GOP tax bill. The President called it “a bill for the middle class.”
So how's it going?
U.S. companies announced over $400bn in stock buybacks.
The Dow is down 2000 points.
GM is laying off 14,000 workers.
And your pay raise was lost in the mail.
— Adam Schiff (@AdamSchiff) December 22, 2018