WASHINGTON – As Congress and the Administration rush to push through a tax plan before the end of the year, they have made promises to big corporations and their wealthy campaign donors at the expense of everyday, hard-working Americans.
The GOP tax reform proposal wants to cut the corporate tax rate from 35 percent to 21 percent, which amounts to a $1.5 trillion tax cut for the nation’s wealthiest businesses and privately held companies. President Trump has said on several occasions that these cuts will result in a $4,000 pay raise for middle-income workers. If true, then those private corporations and wealthy businesses benefiting from those tax breaks should make that promise in writing.
Today, AFGE, along with their union brothers and sisters in the AFL-CIO, is supporting the Communications Workers of America (CWA) campaign calling on corporations and businesses to guarantee a $4,000 pay increase by putting it in writing. In response to this joint campaign, American Federation of Government Employees National President J. David Cox Sr. issued the following statement:
“Too many American workers have been suffering from stagnant wages, rising costs for health care and living essentials, and an economic system that favors the millionaires and billionaires. This tax plan does nothing to help them.
“Today we join with CWA and the AFL-CIO in calling on these large corporations and wealthy companies to guarantee that their employees will indeed receive a $4,000 pay raise should this tax plan be enacted.
“Behind closed doors, Congress is trying to jam through a tax plan that benefits the wealthiest Americans and will come straight out of our members’ pockets. Independent nonpartisan analysis of this tax plan found that 36 million middle-class families will end up paying more in taxes while the richest 1 percent of taxpayers will pay less. This hurts all union workers.
“To ensure that the people President Trump promised to take care of benefit from these outrageous proposals, AFGE in partnership with CWA and the AFL-CIO invites our members and members of other unions to sign a petition that tells big companies and corporate CEOs that they will be held accountable for the promises made to working people across the country in this tax plan.”