- Tue May 22, 2018 8:32 pm
#103662
Harley Davidson motorcycles has taken their tax cut money not to create jobs, but in fact is doing just the opposite.
With their tax cut windfall, the company is going to have a big share by back and then shut down their Kansas City plant and eliminate 800 jobs there. They are also closing their Australia plant.
So where are the jobs going? 450 of them are moving to New York. But the rest are going to Harley's Thailand plant.
So Republicans are exporting manufacturing and jobs with their predictable and already failing trickle-down tax cuts.
https://www.fox47news.com/news/national ... eport-says
"In September 2017, House Speaker Paul Ryan traveled to a Harley-Davidson plant in Menomonee Falls, Wisconsin, to tout the Republican tax bill, which President Trump would sign later that year. “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America,” Ryan told workers and company leaders.
Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming.
Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $696 million.
It’s a pattern that’s played out over and over since the tax cuts passed — companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as it’s getting its tax cut, it’s outsourcing jobs and paying shareholders."
https://www.msn.com/en-us/news/other/ha ... ar-AAxD6bK
So corporations aren't creating jobs with their windfall. They are giving to shareholders and cutting jobs instead.
All those Trump voters at Harley Davidson are really getting their year-end bonus early. It's free unemployment the rest of the year! Yay Trump!
Give corporations more money and they screw American workers.
With their tax cut windfall, the company is going to have a big share by back and then shut down their Kansas City plant and eliminate 800 jobs there. They are also closing their Australia plant.
So where are the jobs going? 450 of them are moving to New York. But the rest are going to Harley's Thailand plant.
So Republicans are exporting manufacturing and jobs with their predictable and already failing trickle-down tax cuts.
https://www.fox47news.com/news/national ... eport-says
"In September 2017, House Speaker Paul Ryan traveled to a Harley-Davidson plant in Menomonee Falls, Wisconsin, to tout the Republican tax bill, which President Trump would sign later that year. “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America,” Ryan told workers and company leaders.
Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming.
Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $696 million.
It’s a pattern that’s played out over and over since the tax cuts passed — companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as it’s getting its tax cut, it’s outsourcing jobs and paying shareholders."
https://www.msn.com/en-us/news/other/ha ... ar-AAxD6bK
So corporations aren't creating jobs with their windfall. They are giving to shareholders and cutting jobs instead.
All those Trump voters at Harley Davidson are really getting their year-end bonus early. It's free unemployment the rest of the year! Yay Trump!
Give corporations more money and they screw American workers.