Bosses pocket Trump tax windfall as workers see job promises vanish

As they say, there’s a sucker born every minute, and those who number one voted for the Liar in Chief, Donald Trump and the saps that fell for his phony suck the ass of the rich tax cut are two examples of suckers.

You’ve been conned!

Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company announced it was closing the city’s three call centers in February 2019.
“At 46 years old, I’m looking for a new job,” Smith said. “They basically told us we either need to move south or lose our job. It was out of the blue. We had no idea.”
Smith and about 90 of his colleagues were offered severance packages or the option to relocate to Georgia or Tennessee. But for most workers who have spouses with their own careers, elderly parents nearby in need of care, or children still in school, relocating on a whim isn’t an option.
These sudden mass layoffs have become increasingly common for workers at AT&T and many other big firms. But it was not meant to be that way.


Randall Stephenson, chairman and CEO of AT&T. Photograph: Laurent Gillieron/EPA
AT&T’s CEO, Randall Stephenson, promised in November 2017 to invest $1bn in capital expenditure and create 7,000 new jobs at the company if Trump’s hugely controversial tax cut bill passed. Many opponents had slammed the cuts as a corporate giveaway that benefited the super-rich. But big firms lobbied for it, saying – as AT&T did – that it would fund job-creating expansions.
The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn.

Anybody with a modicum of sense knew the blood-sucking, greedy, selfish hogs of American industry wouldn’t use the windfall they got from the Tax cuts for the rich Trump enacted to invest in their companies. Indeed, we all knew ( those with any common sense) they would greedily use that windfall to enrich themselves further rather than, as they promised, make room for jobs and investments.

AT&T is among several large corporations whose CEOs announced support of the Trump tax cut bill by claiming if the legislation passed, their companies would ensure workers reaped benefits from it. But a report published on 22 May by the Congressional Research Service, a non-partisan thinktank for members of Congress, found the tax cuts did not significantly affect the economy or boost wages, but benefited investors more than anyone else.
“The evidence continues to mount that the Trump-GOP tax cuts were a scam, a giant bait-and-switch that promised workers big pay raises, a lot more jobs and new investments, but they largely enriched CEOs and the already wealthy,” said Frank Clemente, executive director of Americans for Tax Fairness.

link

One thing we do know. There's a lot of suckers in the United States

a reply to: Willtell


Lost his call center job of 20 years?

This is as entry level as it gets. In fact, this is the job that the folks fresh of the boat flock to. No job skills required. It would be more difficult to acquire a job at McDonalds than a call center.

Any ammuntion against Trump is going to be fired though isnt it.

a reply to: Willtell

So you are saying that Trump ordered AT&T to eliminate 24,000 jobs after his tax cuts?
One has nothing to do with the other.
But.......

Is it possible that high taxes up North is pushing those AT&T jobs to Tennessee and Georgia? Perhaps it’s not corporate greed, but fiscal responsibility. Paying high taxes for no discernible services isn’t responsible.

a reply to: RazorV66

Nice picture of Trump's essence and the suckers that support him as they look in their true dark souls!

The West has the same business elite that while making record losses, will award themselves larger bonuses than the previous year, continue to claim their executive privileges and the only cutbacks will be in the actual workers. They will lose their benefits, have their pay cut, get burdened with longer hours and suffer numerous workers' rights violations.

They're a scumbag bunch that's for sure. So something like this shouldn't be surprising to anyone. Trickle down economics is the greatest lie of the age.

originally posted by: Nickn3
Is it possible that high taxes up North is pushing those AT&T jobs to Tennessee and Georgia? Perhaps it’s not corporate greed, but fiscal responsibility. Paying high taxes for no discernible services isn’t responsible.

No, that’s not it.
Big greedy companies for years have been moving to the south where those ignorant hillbillies hate unions.

They tried to get me to go to Tennessee’s 20 years ago at GM. I told them to take a hike.

They are still doing it to get away from unions and people with common sense

They want to go where the biggest slave mentality in America exists…the south.

a reply to: Willtell

suck the ass of the rich tax

Probably the best description of it I've heard yet.

S&F

a reply to: Willtell

How do corporations that dont pay taxes benefit from a tax cut?

Since a new Democrat ( Pritzker ) was elected in Illinois, taxes, fees, etc are being raised, some by 50%. People and businesses are leaving in droves. Is that Trump's fault or the greedy Democrats who keep milking the taxpayer ?

I certainly could have told people that much. Same with the auto plants that have shut down. And the retail chains that have laid off or went belly-up. Big tax break didn't help those folks either, did it?

originally posted by: chadderson
a reply to: Willtell


Lost his call center job of 20 years?

This is as entry level as it gets. In fact, this is the job that the folks fresh of the boat flock to. No job skills required. It would be more difficult to acquire a job at McDonalds than a call center.

Not exactly. Depends on what he was DOING. My brother had a call center job for a number of years after his previous employer went toes up, so you're going to assume it was just lazy entry level settling, right?

He was one of their IT guys. But, replying to "So, where do you work, man?" and answering with "I work at a call center" always got a sneer from people, because like you, they assumed all that goes into a call center is just answering phones or cold-calling out. Not the case, there's more there than just call wranglers.

That might explain why only 18% of the 1,001 registered voters surveyed by Hill-HarrisX late last week said they paid less taxes in 2018 than in 2017. Twice as many said their taxes hadn’t changed at all, and 32% said they paid more. In other words, 68% of those surveys said the well-hyped tax cuts didn’t help them, and may have made things worse.

Another example of Trumps hasty, giveaway to the rich tax cut that most ordinary people didn't benefit.

For the first time in my life, the tax man sends me the wrong amount. Cut my return in half! Oh, they sent me a letter saying, we're sorry we'll send you the rest later.
www.latimes.com...

never have the American people been bamboozled like this experience of this FAKE tax cut.

originally posted by: Willtell

That might explain why only 18% of the 1,001 registered voters surveyed by Hill-HarrisX late last week said they paid less taxes in 2018 than in 2017. Twice as many said their taxes hadn’t changed at all, and 32% said they paid more. In other words, 68% of those surveys said the well-hyped tax cuts didn’t help them, and may have made things worse.

Another example of Trumps hasty, giveaway to the rich tax cut that most ordinary people didn't benefit.

For the first time in my life, the tax man sends me the wrong amount. Cut my return in half! Oh, they sent me a letter saying, we're sorry we'll send you the rest later.
www.latimes.com...

never have the American people been bamboozled like this experience of this FAKE tax cut.

Did you pay IN the same amount as before the cuts ?

ATT bought CNN a while back .

They’re probably hemorrhaging cash .

a reply to: Willtell

Meanwhile, in really real world...

My business is making more so my employees are, I've hired for the season and am starting a bonus program.

Vendors and companies I work with have jumped their starting pay 10-15% in the last few years, everyone I know is making more and life is good.

Sucks to live in a state that raises taxes to the point you lose your job.

Maybe y'all should rethink your ideology and vote in someone that wants to help the worker and not the illegal alien.

originally posted by: Nyiah
I certainly could have told people that much. Same with the auto plants that have shut down. And the retail chains that have laid off or went belly-up. Big tax break didn't help those folks either, did it?

originally posted by: chadderson
a reply to: Willtell


Lost his call center job of 20 years?

This is as entry level as it gets. In fact, this is the job that the folks fresh of the boat flock to. No job skills required. It would be more difficult to acquire a job at McDonalds than a call center.

Not exactly. Depends on what he was DOING. My brother had a call center job for a number of years after his previous employer went toes up, so you're going to assume it was just lazy entry level settling, right?

He was one of their IT guys. But, replying to "So, where do you work, man?" and answering with "I work at a call center" always got a sneer from people, because like you, they assumed all that goes into a call center is just answering phones or cold-calling out. Not the case, there's more there than just call wranglers.

I use to work for hp and when we called support, strangely, all of a sudden, we’d get a guy with a Philippine or Indian accent always named George or Pete, or James…some simple FAKE American name.

Who were they fooling?
Practically all the IT help desk jobs in America have been shipped overseas where they can pay people less than half of what they paid the American IT workers. It's pitiful.

That's not the real world, that's the FAKE world of your rare experience.

IN THE REAL WORLD...Most people are buying groceries with credit cards

originally posted by: Willtell
That's not the real world, that's the FAKE world of your rare experience.

IN THE REAL WORLD...Most people are buying groceries with credit cards

In the real world, people are living beyond their means if they have a credit card and need to use it for groceries.

As for my "fake" world... my paychecks cash just fine.

Go back to your "RRhhheeeeee"... I'm going back to work.

Too busy to take a day off...

originally posted by: Willtell

originally posted by: Nickn3
Is it possible that high taxes up North is pushing those AT&T jobs to Tennessee and Georgia? Perhaps it’s not corporate greed, but fiscal responsibility. Paying high taxes for no discernible services isn’t responsible.

No, that’s not it.
Big greedy companies for years have been moving to the south where those ignorant hillbillies hate unions.

They tried to get me to go to Tennessee’s 20 years ago at GM. I told them to take a hike.

They are still doing it to get away from unions and people with common sense

They want to go where the biggest slave mentality in America exists…the south.

Well as an ignorant hillbilly, I guess I’m so damn dumb, I call them like I see them. In Tennessee we have no state income tax. Do I hate unions, I don’t care for them. Check out the rust belt, check out where Levi’s closed their Tennessee plant and moved to Mexico,why? Because of unions.

We have near 97% employment. We are happy. Keep your damn unions in the North we don’t need them. On a final note it’s not a slave mentality. I live in the free state of Tennessee. We like the bill of right and the 10 commandments and have found a way to live happily with both.

It has nothing to do with Trump.

CT is a high tax state and companies have been fleeing to give down south. They've been losing all their financial industry to FL. All the hedge funds and private equity companies have been leaving. The same with large corparate campuses.

CT used to be low tax until about 20 years ago and the chickens are finally coming home to roost.

Just google CT and NJ taxes and companies leaving.

Democrats going to democrat....