James Young replied on Permalink
Not Fake news
Your comment eluding to companies buying each other and the result is layoffs, tying that to tax breaks is fake news, according to you.
The fact is, these companies haven't paid the 35% statutory rate since at least 2011, most likely before that, the assertion that they do pay 35% is a lie, propagated by the GOP. As companies move to labor friendly countries less and less good paying jobs will be here in the US, the government will bring in less and less revenue, pushing the deficit well beyond 1.5 trillion.
The SEC needs to end corporate buyback of stock, that up until 1982 was illegal (the GOP changed that), for a number of reasons. Not the least of which, is that senior management can time the repurchase to coincide with their stock options maturing, and personally benefit. The pay structure for CEOs isn't based on the long term performance of the company, rather how well the stock performs. The only "fake news" is the idea that corporation's will really reinvest in the US
