Tax cuts and job losses at Big Tech

The Big Beautiful Bill massively cut taxes for corporations.     The premise was companies would use that extra money to create jobs and hire more people in America.    But many companies are doing the oppositte.   

 

If corporate America is going to kill jobs with the investments they are getting in part from tax cuts then should we keep their taxes low?    Seems like a broken promise.

 

Recent Big Tech job reductions:

 

Amazon 30k workers

Meta (Facebook) 20k workers

Oracle 20k workers

Google 12k workers

Microsoft 8k workers

Salesforce.com  4k workers

 

 

We saw that almost immediately in 2019, when the Turd tax breaks for big corporations came into effect and instead of increasing jobs, they used the savings for stock buybacks. Meanwhile, the Trump deficit grew like a weed.

 

To be fair, it was the Evil Orange Fuckface, not they, who promised job creation. They just let him barf out his lies while they sat in their boardrooms, snickering, and said, "Yeah, right." That underscores who really runs this country. Trump and MAGA are their puppets.

 

We of course need to return to pre-Pig corporate taxation levels to reduce the Pig deficit. But that'll never happen as long as our government is nothing but corporate America's willing fucktoy.

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