Thursday, December 21, 2017

Corporations Corruptly Shilling For Trump's Wealthfare Bill (UPDATED)


Surprise!  Several major corporations announced yesterday that they would be giving bonuses to employees in conjunction with the passage of the Republican wealthfare tax bill (a.k.a., "No Billionaire Left Behind Act"), fully aware that the regime of un- indicted co- conspirator Donald "Rump" Trump runs best with generous applications of flattery and graft. Quid, meet quo:

AT&T
... said it would give $1,000 bonuses to more than 200,000 employees in the U.S. once the tax bill is signed into law and promised to invest an additional $1 billion in the U.S. in 2018. CEO Randall Stephenson praised the tax legislation as “a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world.”

Trump praised AT&T’s announcement in remarks at the White House. “That’s because of what we did,” he said. “So that’s pretty good. That’s pretty good.” AT&T is currently awaiting approval from Trump’s Justice Department of its pending $85 billion acquisition of Time Warner.
We think you can assume the acquisition will proceed now.

Boeing
... announced that it would spend $300 million on “employee-related and charitable investments” because of the tax plan. “The reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth,” CEO Dennis Muilenburg said in a statement.
Where's the quid for Boeing, you ask?
The Trump administration on Wednesday recommended steep anti-subsidy duties on Bombardier Inc’s CSeries jets, setting up the next round of a fierce international trade dispute between the United States and Canada. 
The U.S. Commerce Department announcement to impose duties of nearly 300 percent stems from a complaint by Boeing Co that Bombardier had been unfairly and illegally subsidized by the Canadian government, allowing the planemaker to dump its newest jetliner in the U.S. market below cost. 

Comcast
... is giving $1,000 bonuses to 100,000 “frontline and non-executive employees,” the company announced, citing the rollback of the FCC’s Obama-era net neutrality rules and the passage of the tax reform bill. CEO Brian Roberts also said the company expects to spend “well in excess of” $50 billion on infrastructure investment over the next five years.
Will the FCC's Trumpkin chairperson Ajit Pai get a Comcast bonus too?

Wells Fargo
... said it would increase its minimum wage for U.S. employees from $13.50 to $15 and spend $400 million on donations to nonprofits and community organizations in 2018. 
Wells Fargo and the other big banks just love that teatard Mick Mulvaney is going to disassemble the Consumer Financial Protection Bureau faster than you can say "Dodd- Frank."

We're happy for the folks getting these bonuses and raises. That they're tied to the fraudulent wealthfare tax bill in an attempt to make it look like it's already having an impact is sheer cynicism and mendacity on the part of these corporations paying off or looking for favors from the Rump regime. This is what corrupt oligarchies in Putin's Russia do folks. They're not even bothering to hide it anymore.

UPDATE: To no one's surprise, the Koch brothers are funding a public relations blitz to sell this bill that gives them a windfall at the expense of the rest of us and our children (but not Koch family mediocrities like this jackhole).

2 comments:

Anonymous said...

Is anyone taking any bets that the "charitable" donations might be going to "churches" that espouse the right wing agenda - towards their good works, of course... P.E.C.

W. Hackwhacker said...

And those "nonprofits and community organizations" getting corporate cash will doubtless have reactionary right wing agendas, much like the Koch- funded astroturfers!