EDITORIAL: Tax plan puts capitalism to work — but not in California
It wasn't supposed to be like this. Thoughtful experts spent much of the fall opining on television news shows that corporations would use the money from tax cuts to buy back shares of their own stocks or enrich their executives, while stiffing their employees.
But instead of a trickle down, there has been a flood of announcements of pay increases.
Americans for Tax Reform, an organization that supported the tax cuts, is keeping a running list of companies that have announced payouts to employees. It estimates that over 2,000,000 people will receive "
Some have suggested that these payments are an attempt to curry favor with the
"Our employees are, by far, our greatest asset. It's a pleasure to reward our team," said
The signs that more hiring is on the way are everywhere, from a
By the way, it was comedian
In saying that money was "appropriated for the top," the joke assumes that all money belongs to the government, which gives it out as lawmakers see fit.
That's what some
Assemblymembers
The proposal calls for the revenue to be spent on education, health care, child care and other benefits, but there's a loophole. The law would allow "loans for cash flow purposes" between the
So while companies will be paying bonuses and creating jobs in other states, in
Even
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