A progressive group is targeting GOP senators in four states for their votes supporting the 2017 tax bill that included billions in tax relief to many large corporations that are poised to receive more in bailout money from coronavirus legislation
A progressive group is launching a $1.2-million ad campaign targeting Republican senators in four battleground states for their votes supporting the 2017 tax bill that included billions in tax relief to many of the same large corporations now poised to receive billions more in bailout money from proposed coronavirus legislation.
Ads targeting Sen. David Perdue, R-Ga., will begin running in Atlanta-area markets on radio stations and on Pandora later this week. President Donald Trump’s 2017 tax bill, which Republicans said would help raise wages and spur hiring, actually ended up funding record stock buybacks by corporations. In stock buybacks, corporations use extra cash to buy back their own stock, which boosts the value of shares held by investors and overwhelmingly benefits company executives over workers.
And now, amid the sudden global economic downturn prompted by the coronavirus pandemic, many of those same large corporations are poised to receive billions of dollars in bailout cash from the federal government’s stimulus package.
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