In Reply to: I don't do business with Wells Fargo. Add Citi Bank to the list. posted by mh on October 16, 2025 at 10:09:07
According to a 2022 analysis by researchers at the nonpartisan Congressional Joint Committee on Taxation and the Federal Reserve, workers' earnings gains from the 2017 cuts are "concentrated in executive pay" and the best-paid 10% of employees.
The researchers found that about 56% of the gains from the 2017 tax cuts went to company owners (i.e., shareholders), 12% to executives, 32% to high-paid workers, and 0% to low-paid workers. "Overall," they wrote, "the results imply that corporate tax cuts improve aggregate efficiency but exacerbate inequality."