Here's How America's Biggest Companies Are Spending Their Trump Tax Cuts (It's Not on New Jobs)
Were starting to learn what Americas biggest companies are doing with the huge windfalls from President Donald Trumps tax cuts. And the answer is great for investors but not so great for workers.
Thats because many companies are returning huge portions of their billions in tax savings to shareholders in the form of share buybacks and dividend increases not necessarily new hiring and investment.
Companies are on track to plow a record $1 trillion into boosting dividends and buying back their own stock this year, says Howard Silverblatt, senior index analyst S&P Dow Jones Indices.
Buybacks are a strategy to boost stock prices by reducing the number of shares outstanding, which artificially increases a companys earning per share. But they do little to improve the economy.
http://time.com/money/5267940/companies-spending-trump-tax-cuts-stock-buybacks/
Wellstone ruled
(34,661 posts)accelerating the use of Robotics. One hundred per cent write off in the first year as of this Reverse Robin Hood tax plan.
Watch for major lay offs in Autos by years end. Watch for GE to dump hundreds in Indiana after WABCO deal.
Ohiogal
(31,671 posts)global1
(25,169 posts)AZ8theist
(5,339 posts)NOBODY seen that coming........