From the Free Beacon:
Senate Minority Leader Chuck Schumer (D., N.Y.) on Wednesday attacked AT&T by name for not passing along tax savings to its employees immediately after the telecommunications giant announced that it would do just that.
[…]”I love the example of AT&T,” he said. “Over the last ten years, AT&T has paid an average tax rate of eight percent a year. They have 80,000 fewer employees today than they had then.”
“Tax breaks don’t lead to job creation,” Schumer continued. “They lead to big CEO salaries and money for the very, very wealthy.”
Wells Fargo and Fifth Bank Bancorp both said Wednesday they’re going to raise their minimum wage to $15 as a result of the tax bill passing. Fifth Bank said they’ll also pay out $1,000 bonuses to around 13,500 employees.
While it’s true AT&T is looking to merge with Time Warner — against the will of Trump’s DOJ — Trump is acting as a union boss on behalf of American workers to pressure these companies into giving higher pay.
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Contributed by Chris Menahan of informationliberation.com.
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