NBC News: Factory Workers at GM See Layoffs, not Benefits, after Tax Cuts

Matt Gardner, a senior fellow with the Institute for Taxation and Economic Policy, a nonpartisan, liberal think tank, said GM’s announcement confirmed economists’ arguments regarding the tax cuts.

“Corporations will always base their investment and job-creation decisions on market fundamentals and consumer demand, not on incremental tax giveaways,” Gardner wrote on his blog. “No amount of tax cuts could change this calculus for GM.” Read more

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