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