Another corporate giant that benefited handsomely under President Donald Trump’s tax law is laying off workers.

IBM announced that it is laying off 1,700 employees despite its stock value increasing 16% this year.

Add in the fact that the company paid $0 in taxes last year thanks to the Trump tax cuts, and it becomes ever clearer that companies are hoarding their new wealth rather than having it “trickle down” to works.

You may also like:

Companies Who Avoid U.S. Taxes Received Taxpayer-Funded COVID-19 Bailout Aid

More ‘Trickle Down’? White House Considers Cutting Corporate Tax Rate In Half

Coronavirus Stimulus Package Gave $174 Billion In Tax Windfall To The Rich

Cruise Lines That Avoid U.S. Taxes By Incorporating Overseas Fear They Won’t Receive Bailout Funds

America’s Biggest Companies Only Paid 11% Tax Rate Last Year – Down From 21% Prior To Trump’s Tenure

GOP Tax Cut Beneficiary AT&T Is Shedding Thousands Of Jobs And Trump Couldn’t Care Less

Notorious Union-Buster, Fed Ex, Paid $0 In Taxes Last Year Thanks To Trump’s Tax Cuts

‘Your $8.99 Netflix subscription is more than the company paid in federal income taxes’

Trump Administration Moves To End 20% Cap On Non-Tipped Work For Servers

Federal Judge Orders Trump To Turn Over His Tax Returns

As GOP Tax Cuts For Rich Fail To Boost Economy, White House Looks To Payroll Tax Cuts For Workers

What Trickle Down? Worker Pay Up 12% Since 1978 Compared To 940% For CEOs

Join our mailing list for the latest union news!