I hope T-rump mentions these companies tonight!
When T-rump starts boasting about how great the economy is due to him and his massive tax cuts, I do hope he mentions the following companies who have benefited the most from his tax cuts:
1. PFIZER - Just three weeks ago, this $53B company, which will be saving billions from T-rump's tax cuts, announced it will be firing 300 well-paid researchers from their Connecticut headquarters. Those employees conducted tests on drugs aimed at treating Alzheimer’s and Parkinson’s disease.
2. AT&T: On December 20, T-rump boasted tot he nation, “AT&T plans to increase U.S. capital spending $1 billion and provide $1,000 special bonus to more than 200,000 U.S. employees, and that’s because of what we did.” That same evening, AT&T announced it was laying off 'hundreds' of workers over the next few weeks. The lay-offs continued through January and the last count was more than 4,000 AT&T workers will be out of a job.
3. KIMBERLY-CLARK: Last week, the $42B which produces 'Huggies' and 'Kleenex' announced it will be shuttering 10 factories and pink-slipping up to 5500 workers in various communities across the country. Despite this horrible news, spokesperson Maria Henry credited T-rump's tax reform for giving Kimberly-Clark now had the “flexibility to continue to allocate significant capital to shareholders” during its “restructuring program.” As more than 5,000 people lose their jobs, stock-holders will do very well.
4. COMCAST - With the new tax reforms, the $199B company will save $12B, and told shareholders they will be able to increase stockholder dividend payouts by 21%, and be able to buy back $5B in stocks this year! And right before Christmas, the company fired more than 500 workers across the southeast and midwest.
5. WALMART - Trump tweeted the great news that WalMart, the country's biggest employer valued at $313B would be giving out a $1,000 bonus to some employees and raising the hourly starting wage for others due to his tax cuts. What he didn't tweet was that on the same day, WalMart abruptly closed 63 'Sam's Club' retail stores, putting thousands out of work and said they would cut 500 high paying executive jobs from their home office. Most of these cuts - from their marketing department, advertising, real estate, and HR - were completed the other day. The company expects to cut an additional 500 high paying jobs by the end of the year.