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americans for tax fairness
From Amazon to Home Depot and Beyond, Mass Layoffs Continue to Punish Working Class Under Trump
"When taking into account predicted downward revisions, the data says we’re losing jobs," said one economic analyst.
Jan 29, 2026
Although President Donald Trump has given himself glowing marks for his economic record, the US job market has continued showing signs of weakness amid recent layoffs from some major employers.
The Associated Press on Thursday published a roundup of corporate layoffs that have been announced in recent months, highlighted by Amazon, which announced it was cutting an additional 16,000 jobs on Wednesday; United Parcel Service, which on Tuesday revealed plans to slash 30,000 jobs; and chemical maker Dow, which on Thursday said it would be reducing its workforce by 3,000.
And as reported by CNBC, retailer Home Depot announced on Wednesday that it was eliminating 800 positions as it struggles with slower sales that company executives blame on a dampened housing market caused by high interest rates.
The latest layoffs are not merely anecdotal data, but symbolic of a labor market that has been stuck in a rut for several months. As noted by economic analyst Steve Rattner in a Thursday social media post, average monthly employment growth has been "slightly above zero" ever since Trump first announced his market-shaking tariffs in April.
"When taking into account predicted downward revisions," Rattner added, "the data says we’re losing jobs."
This week's announced Amazon layoffs drew the ire of Americans for Tax Fairness, which pointed out that the Jeff Bezos-founded online retail giant has been the beneficiary of several big-ticket tax breaks for more the last several years.
"We've given Amazon $9.5 BILLION in tax breaks over the last 7 years," the group explained. "And for what? Their CEO made $263 million from 2018-2024. Since 2013, they've spent $857 million on stock buybacks and $161 million on lobbying. And they just announced they're laying off 16,000 workers."
The Washington Post, which is owned by Bezos, is reportedly bracing for layoffs of its own.
A Thursday report from Semafor revealed that the Post's White House reporters wrote a letter to Bezos imploring him to back off a plan to make substantial cuts throughout the paper's staff.
"The effort from the Washington Post’s White House reporters comes as staffers are scrambling to preserve their jobs, with layoffs set to hit the newsroom hard in the coming weeks," Semafor reported. "Unconfirmed rumors have circulated in recent days about the scope of the cuts, which are expected to be as high as 300."
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5 Top ICE 'Corporate Collaborators' Saved $19 Billion in Taxes Under Trump: Report
"While masked officers terrorize communities—smashing into cars, harassing citizens, and inflicting violence with impunity—Trump’s corporate backers are laughing their way to the bank."
Jan 21, 2026
A campaign launched Wednesday by an economic justice coalition highlights how five major US corporations saved a collective $19 billion in annual tax cuts under President Donald Trump, while also aiding in his Immigration and Customs Enforcement operations.
Americans for Tax Fairness' (ATF) "ICE Corporate Collaborators: Exposed" campaign details how five corporations that "received massive tax breaks paid for by healthcare cuts" under Republicans' so-called One Big Beautiful Bill Act (OBBBA) are now "making money through contracts to help the Trump administration terrorize communities" as part of the president's deadly anti-immigrant purge.
“Today we launched our corporate accountability campaign to give citizens the information they need to hold giant corporations accountable for their complicity in the Trump administration’s mass deportation policies," ATF executive director David Kass said in a statement.
The report notes that five companies—Amazon, AT&T, Home Depot, Microsoft, and Palantir—"helped ICE track, detain, and deport families" while they saved a total of $19 billion in annual corporate taxes under the OBBBA, and their CEOs "collectively received an estimated $124 million in personal tax giveaways."
NEW: Our research is exposing the corporations that received massive tax breaks from the Trump administration—and are now collaborating with ICE.Billions of dollars are going into the corporate deportation machine.Is this really the America we want?americansfortaxfairness.org/ices-corpora...
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— Americans for Tax Fairness (@4taxfairness.bsky.social) January 21, 2026 at 11:49 AM
Amazon's cloud computing services, the authors wrote, "have become vital to ICE's crackdown on immigrants, with their data storage being used for mass surveillance and deportation."
AT&T, which received $382 million in Department of Homeland Security contracts between 2022-24, "serves as the digital backbone for Trump’s deportation machine."
Home Depot "has appeared to be collaborating with Trump’s ICE mass immigration sweeps on their property, putting thousands of customers and employees' safety at risk."
Microsoft—which gave the Trump Inaugural Committee $750,000 in 2024—has received at least $45 million in homeland security-related contracts in recent years.
Palantir has partnered with ICE to use the company's artificial intelligence system to identify, track, and deport suspected undocumented immigrants—and is reportedly helping the government build a database of Americans’ private information in likely violation of multiple laws.
These and other companies have been the target of protests and boycott campaigns. These can work—Spotify stopped running ICE recruitment ads and Avelo Airlines ended its contract for deportation flights amid public pressure.
ATF estimates that Palantir CEO Alex Karp—who "received an estimated cumulative ordinary income of $3.3 billion from 2019 through 2024"—personally saved an estimated $85.7 thanks to the OBBBA's tax breaks for the wealthiest Americans.
Karp is followed by Microsoft's Satya Nadella ($25.4 million in estimated tax savings), Amazon's Andy Jassy ($6.9 million), AT&T's John Stankey ($3.2 million), and Home Depot's Edward Decker ($2.9 million).
"While masked officers terrorize communities—smashing into cars, harassing citizens, and inflicting violence with impunity—Trump’s corporate backers are laughing their way to the bank,” Kass said.
"As Trump and his billionaire-backed GOP majority cut billions in healthcare, Medicaid, and SNAP benefits, Americans face steep hikes in the cost of living to pay for tax giveaways to large multinational corporations and the billionaires that run them," he added. "The American people will not be silent.”
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Billionaires Spend Big to Tank Mamdani, Who Vows to 'Tax the Rich' in NYC
"Zohran Mamdani is showing the way for politicians who still haven't figured out that fairer taxes on the rich and corporations are both good policy and good politics," said the head of Americans for Tax Fairness.
Oct 28, 2025
A week away from Election Day in New York City, a national economic justice group on Tuesday released a report detailing how billionaires "outraged at the prospect of the rich and corporations paying higher taxes" have spent millions of dollars to defeat Democratic mayoral nominee Zohran Mamdani.
"Just 62 billionaires and descendants of billionaire families ('billionaire spenders') as of October 14th have contributed over one-third—37%, or $18.7 million—of all the donations collected by so-called outside expenditure groups involved in the race," according to the Americans for Tax Fairness Action Fund (ATFAF) report, Billionaires Buying Gracie Mansion.
The publication notes that "almost all of that money has backed former New York state Gov. Andrew Cuomo," who is running as an Indepedent after losing the Democratic primary to Mamdani, a democratic socialist in the state Assembly who has campaigned on promises to make the metropolis more affordable for everyday people and "tax the rich!"
Specifically, 58 of the 62 billionaire spenders gave "a total of $18.4 million to Cuomo-aligned super political action committees (super PACs), ATFAF found. "Mamdani has received the support of just two billionaire spenders, who together have contributed $270,000 to outside PACs pushing his candidacy."
The report highlights that billionaire former NYC mayor and media mogul Michael Bloomberg, who has a net worth of roughly $109 billion, "is leading the anti-Mamdani charge, having personally donated $8.3 million to the main super PAC backing Cuomo."
Bloomberg and the dozens of other billionaires trying to sway the race "have spent nearly twice the amount 60,000 individual contributors have made directly to the three general election candidates (including Republican Curtis Sliwa)," the document details. "This is because unlike direct donations to candidates, there is no limit on contributions to outside spending groups."
New York is not only the nation's most populous city, it's also a billionaire hotspot. The report points out that "as of October 1st, New York City is the primary residence to 111 billionaires, according to Forbes, with lots more owning second homes or business property in the Big Apple. Collectively, these 111 billionaires are worth $717 billion, over six times the city's annual budget."
While Cuomo is backed by billionaires, Mamdani is endorsed by national progressive leaders, including Sen. Bernie Sanders (I-Vt.) and Congresswoman Alexandria Ocasio-Cortez (D-NY), whose district spans parts of the Bronx and Queens. The pair joined New York state leaders, including Democratic Gov. Kathy Hochul, for a massive Sunday night rally in support of Mamdani.
In addition to taxing corporations and the 1%, Mamdani's platform includes a rent freeze, constructing more affordable housing, city-owned grocery stores, fare-free buses, no-cost childcare, building out renewable energy on public lands, raising the minimum wage to $30 by 2030, and more.
The progressive candidate has also promised to stand up to Republican President Donald Trump, a former longtime New Yorker who has threatened to arrest Mamadani and to cut all federal funds to New York City if he is victorious next week. Recent polling suggests Mamdani is well-positioned to win the contest.
"Billionaires feel threatened by a modest proposal to raise taxes on the wealthiest New Yorkers to help make life more affordable for ordinary city residents. That’s why they’re spending millions to drown out the effort with their money," Americans for Tax Fairness executive director David Kass said in a Tuesday statement.
"Politicians and policymakers around the country should take note of how popular a progressive tax agenda can be with Americans across the political spectrum," Kass added. "Zohran Mamdani is showing the way for politicians who still haven't figured out that fairer taxes on the rich and corporations are both good policy and good politics."
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