Rep. Neal Urges Business Leaders to Invest Tax Windfall in Employees’ Retirements
Today, Ways and Means Ranking Member
"Companies now face a choice. Will they choose to spend their newfound financial windfall on stock buybacks or will they make a real investment in their workers' financial and retirement security?"
The Republican tax law provides permanent, substantial tax cuts for corporations, while individuals receive much smaller, temporary breaks. Moreover, 83 percent of the law's individual tax cuts ultimately go to the wealthiest one percent of Americans, leaving middle-class workers behind.
Full text of the letter is available here: https://democrats-waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/Pension%20Dimon%20letter_0.pdf
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