Questions of authenticity surround the tax-cut gravy train

As top companies herald bonuses and other monetary boosts for workers in light of the huge breaks just handed them, the online pushback offers perspective—with a dose of snark.

Ragan Insider Premium Content
Ragan Insider Content

Trickle-down economics, or cheap PR?

Such is the online debate in the wake of the largest reorganization of the tax code in 30 years.

Some high-profile corporations are crowing that they will be sharing a portion of the additional revenue with employees as a sign of good faith and a promise to more heavily invest in the U.S.

Not everyone is buying that line, however.

AT&T announced it would be investing more capital domestically and giving workers a $1,000 bonus.

It wrote:

“By immediately lowering the corporate tax rate to 20%, this bill will stimulate investment, job creation and economic growth in the United States,” said Randall Stephenson, AT&T Chairman and CEO.

To read the full story, log in.
Become a Ragan Insider member to read this article and all other archived content.
Sign up today

Already a member? Log in here.
Learn more about Ragan Insider.