Labor groups are wondering the same thing — and are seizing on the administration’s economic analysis that the tax cut will translate into an extra $4,000 in take-home pay for workers. This week, the Communications Workers of America asked several companies that employ its members to promise to give workers a pay increase if the cut in the corporate tax rate goes through. The request, while unlikely to be heeded, highlights a critical question over who would benefit the most from the tax bill: shareholders or workers? “President Trump and the Republican Congress have been trying to sell this corporate tax cut to working families by making big claims about wage increases, investment and job growth that don’t seem to be supported by the evidence,” said Chris Shelton, the president of the union. When most developed nations have cut their corporate tax rate, he said, the resulting wage increases were “well north” of $4,000 per year for workers.

Source: New York Times November 23, 2017 23:26 UTC