Harley-Davidson workers stunned by plant closure after tax cut
More “winning”, thanks to the tax cut! Employees winning, I’m sure, in Whell’s world.
https://www.nbcnews.com/nightly-news...ax-cut-n876901
Harley-Davidson announced a dividend increase and a stock buyback plan to reward shareholders, repurchasing 15 million of its shares, valued at nearly $700 million.
Like other corporations, Harley-Davidson is benefiting this year from the tax cut law passed in 2017, which slashed the corporate rate from 35 percent to 21 percent. The company maintains that the dividend increase and stock buyback is unrelated to the tax savings.
House Speaker Paul Ryan visited a Harley plant in Wisconsin in September and said,
“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 in America.”
Uh huh.