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Most benefits go to the wealthy.
Tax cuts encourage stock buybacks.
Buybacks benefit shareholders, not workers.
Pass through businesses benefit the most.
The top 1% of people have 70% of the pass through businesses.
Wealthy people own more stock.
Administration official said so.
Gary Cohn asked CEOs "Why aren't other hands up?"
Companies are mostly giving bonuses, not pay increases.
Bonuses are good PR, but not as good as raises.
They're good this year, but no guarantee for next year.
Employees are already getting a (temporary) tax cut and their paychecks are getting larger even without a pay raise.
A raise would give employees more long term money.
A one time bonus is taxed less than a pay increase.
Most American's receive paychecks and the tax cuts for income is temporary.
Corporations are not leaving because the tax rate is too high.
Plenty of companies pay 0% or negative taxes.
Effective tax rate in the US is lower than the OECD.