Tag: USA: GOP Tax Cut Scam

NOVANEWS By Stephen Lendman   The great GOP tax cut heist was never about boosting economic growth and jobs creation – entirely about transferring America’s wealth from ordinary people to corporate predators and super-rich households. The huge windfall given corporate America is earmarked for higher executive pay and bonuses, along with greater investments in jobs killing robots and shifting work offshore to low-wage countries. The Tax Policy Center explained corporate predators will get at least $2 trillion over the next decade – a bonanza handed them by Trump and GOP lawmakers. Incentives in the GOP measure encourage companies to automate and eliminate jobs, not create them. According to Professor of Economics Daron Acemoglu, “(w)e are creating huge subsidies in our tax cod...