View Single Post
  #413  
Old 05-23-2018, 07:44 PM
Chicks Chicks is offline
Senior Member
 
Join Date: Mar 2017
Posts: 13,286
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.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Reply With Quote