Banks’ $21 Billion Tax Windfall Doesn’t Stop Their Job Cuts

This is nothing but looting by the wealthiest at the expense of everyone else:

Major U.S. banks shaved about $21 billion from their tax bills last year — almost double the IRS’s annual budget — as the industry benefited more than many others from the Republican tax overhaul.

By year-end, most of the nation’s largest lenders met or exceeded their initial predictions for tax savings. On average, the banks saw their effective tax rates fall below 19 percent from the roughly 28 percent they paid in 2016. And while the breaks set off a gusher of payouts to shareholders, firms cut thousands of jobs and saw their lending growth slow.

Woman ‘Dragged’ From West Virginia Hearing After Listing Lawmakers’ Oil And Gas Donors (video)


This is what happens when you live in a corporate dictatorship. The truth is suppressed. If only we had a press that was as courageous as this fine woman:

A woman was removed from the West Virginia House of Delegates on Friday after she used her testimony about a fossil fuel-sponsored piece of legislation to list industry donations to state lawmakers.

Lissa Lucas ventured to Charleston to voice her objections to the proposed bill, HB 4268, which would give oil and gas companies the right to drill on private land with the consent of just 75 percent of the landowners. Current law mandates energy companies obtain 100 percent approval before they can develop land, allowing a single person to hold up drilling.