December 22, 2017

CBS News: Bonuses for Some Workers After Tax Bill Passes

media mention

Matthew Gardner, a senior fellow at the liberal Institute on Taxation and Economic Policy, said companies have been sitting on large cash holdings for years that easily could have gone to workers long before the tax cuts passed Wednesday. Chicago-based Boeing, for example, had $8.8 billion at the end of 2016.

“If these companies had wanted to make these investments in their workforce, they could have done it before now,” Gardner said. “They’re trying to make an unpopular tax bill a little less unpopular.” Read more