For Immediate Release
Jack Pfeiffer, email@example.com
New ATF Website on Results of Trump Tax Cuts
Searchable database includes more than 1,000 corporations and covers size of tax cuts, stock buybacks, workers’ bonuses and wage hikes, job cuts and more.
WASHINGTON - Americans for Tax Fairness will launch “Trump Tax Cut Truths” on Monday, April 9, at 1pm EDT, a comprehensive website detailing what U.S. corporations are doing with their Trump tax cuts. Data available on the website includes estimated tax cuts for more than 125 corporations, amount of stock buybacks announced since the tax law was enacted, estimates of the total value of workers’ bonuses and wages and the number of workers benefitting, job cuts announced, claimed new investments and more.
Data is displayed as downloadable spreadsheets to allow comparisons between corporations and can be searched by company name and sorted by industry. Key findings include:
- Total number of businesses giving bonuses and wage hikes and workers getting them, and the costs
- Size of total corporate tax cuts and stock buybacks vs. the cost of workers’ bonuses and wages
- “Corporate Cheapskates”: lists most of the Fortune 500 corporations (and many more) that have not made any public announcements that they are sharing their tax cuts with employees
All data or data estimates are based on information from corporations, the media, independent analysts or ATF research and cover activities since the tax law was passed on December 20, 2017.
Americans for Tax Fairness invites members of the media to join an exclusive webinar/conference call for an introduction to the website led by Frank Clemente, executive director of Americans for Tax Fairness, and Kayla Kitson, ATF’s Research and Policy Director.
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Americans for Tax Fairness (ATF) is a diverse campaign of more than 425 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.