Media: Companies Won’t Increase Wages for Workers Because of Tax Reform

Washington Free Beacon | 1/12/2018 | Andrew Kugle
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BY: Andrew Kugle

Before President Donald Trump signed the Republican tax reform bill into law last month, reporters and news anchors said the legislation would not result in higher wages for workers.

People - Media - Idea - Companies - Wages

Many people in the media appeared to be skeptical of the idea that companies would increase wages for their employees if the tax bill passed.

"It feels like you're relying on this tax cut of the corporations and the wealthy to trickle down," MSNBC reporter Katy Tur said.

Tax - Cut - Wage - Growth - MSNBC

"So you are creating a huge tax cut and you might not get wage growth," MSNBC anchor Stephanie Ruhle said.

"And anybody who thinks that this corporate tax cut is going to trickle down to lift wages has a staggering ignorance of how public companies function," MSNBC commentator Steve Schmidt declared.

Examples - Companies - Tax - Savings - Workers

"There are no examples anywhere of companies distributing their tax savings to their workers," MSNBC anchor Ali Velshi said.

"Who says that giving corporations more money will increase wages?" CNN anchor Chris Cuomo asked.

Tax - Bill - Law - Dozens - Companies

But after the tax bill became law, dozens of companies announced bonuses, wage increases, and new investments for their employees.

At least 81 companies have announced that they will invest more in their workers—in the form of bonuses, higher wages, or other benefits—since Trump signed the tax overhaul into law, the Washington Free Beacon reported Thursday, citing a Yahoo News report.

AT - T

AT&T said that it will...
(Excerpt) Read more at: Washington Free Beacon
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