After Donald Trump signed the Tax Cuts and Jobs Act in December, a number of companies gave their employees one-time bonuses, ostensibly sharing their new corporate windfall. Nevertheless, in parts of the media, the idea that Republicans had been vindicated took hold. “Democrats go on defense as the Republican tax plan grows more popular,” said CNBC. Instead of sharing the wealth with employees, companies have spent record amounts of money buying back their own stock. In March, Trump spontaneously accepted an offer, conveyed to him by a South Korean envoy, to meet directly with the North Korean leader Kim Jong-un.

Source: New York Times May 21, 2018 23:37 UTC