Here's How America's Biggest Companies Are Spending Their Trump Tax Cuts (It's Not on New Jobs)

[Dulcinea]

We’re starting to learn what America’s biggest companies are doing with the huge windfalls from President Donald Trump’s tax cuts. And the answer is great for investors – but not so great for workers.

That’s because many companies are returning huge portions of their billions in tax savings to shareholders in the form of share buybacks and dividend increases — not necessarily new hiring and investment.

Companies are on track to plow a record $1 trillion into boosting dividends and buying back their own stock this year, says Howard Silverblatt, senior index analyst S&P Dow Jones Indices.

Buybacks are a strategy to boost stock prices – by reducing the number of shares outstanding, which artificially increases a company’s earning per share. But they do little to improve the economy.

http://time.com/money/5267940/companies-spending-trump-tax-cuts-stock-buybacks/

[Wellstone ruled]

1. Oh btw,they are

accelerating the use of Robotics. One hundred per cent write off in the first year as of this Reverse Robin Hood tax plan.

Watch for major lay offs in Autos by years end. Watch for GE to dump hundreds in Indiana after WABCO deal.

[Ohiogal]

2. Does this surprise anyone?

[global1]

3. This Was Predicted....nt

[AZ8theist]

4. YUP

NOBODY seen that coming........