Higher Taxes & Broken Promises

From the AFL-CIO

While many Americans are frustrated by smaller refunds this Tax Day, major corporations like AT&T are celebrating billions in massive giveaways, courtesy of the Tax Cuts and Jobs Act.  

The tax bill, which was signed into law in 2017, dramatically cut the corporate rate tax from 35% to 21%. This led AT&T’s CEO to vow that the company would create at least 7,000 jobs.

Instead, AT&T has eliminated more than 12,000 jobs since the law took effect.

At the same time, the corporation’s annual report shows the company increased executive pay and suggests that after refunds, it paid no cash income taxes in 2018.

AT&T isn’t the only corporation enjoying major tax breaks.

A recent report found that 60 Fortune 500 companies avoided paying all federal income taxes in 2018—more than three times the number of companies that dodged taxes from 2008 to 2015.

Eighty-four percent of American companies have not invested their windfall from the tax law in hiring or investment plans.

Meanwhile, the Internal Revenue Service reported earlier this year that the average tax refund for working Americans was down 8.7% from the year prior.

“[O]ur lived reality over the past year has made it clear that the current tax law was nothing more than an effort to increase Wall Street profits and line the pockets of executives. From our perspective, the corporate tax cut was a massive failure if judged on the promises made to U.S. workers." —Chris Shelton, President, Communications Workers of America (CWA), in testimony before the U.S. House Committee on Ways and Means, March 27, 2019.

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Posted In: Union Matters

Union Matters

Raise the Wage!

From the AFL-CIO

It’s been a decade since the federal minimum wage was increased—the longest period in American history without an increase. In that time, the cost of living has increased and working families have struggled to make ends meet. The Raise the Wage Act would finally bring the federal minimum wage up to $15 an hour.

The House of Representatives is voting tomorrow on the Raise the Wage Act, and we need to make sure lawmakers know where workers stand. Will you show your support and ask your friends to call their representatives?

One in 9 workers in the U.S. is in poverty—even when working full time and year-round. Passing the Raise the Wage Act as it stands would empower working families in need and build an economy that works for everyone.

Share our #RaisetheWage message on social media right now.

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The Richest Fantasy