Tax Cuts Killing More Jobs
Another major company is shedding jobs after claiming that tax cuts would help them hire more people. Ana Kasparian, John Iadarola, and Michael Shure, the hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
Read more here: http://losangeles.cbslocal.com/2018/01/05/comcast-fires-500-tax-cut/
“CBS Local — Telecommunications giant Comcast has been caught in another embarrassing situation, this time involving layoffs and their support of the government’s tax overhaul.
According to a report in The Philadelphia Inquirer, Comcast fired over 500 sales personnel shortly before Christmas, despite claiming that Congress’s new tax cut bill would help them create thousands of jobs. The fired door-to-door sales representatives were also allegedly required to sign a nondisclosure agreement as part of their severance package.
“With these investments, we expect to add thousands of new direct and indirect jobs,” Comcast said in a statement on Dec. 21, a week after the layoffs reportedly took place. The company also promised over 100,000 of their employees a $1,000 bonus as a result of the lower corporate tax rate. According to a Comcast spokesperson speaking with the Inquirer, the fired salespeople will now get a, “$1,000 supplemental severance payment.”
Comcast, one of the world’s largest cable companies, was reportedly the most active lobbyist for the tax cuts. The company filed 60 lobbying reports concerning their support for the tax plan, according to Vox.
December was a bad month for the telecom giant, which also had new allegations filed against them in court regarding an ongoing lawsuit over deceptive billing practices. The attorney general from the state of Washington brought new charges against Comcast, claiming the company billed thousands of customers for services they did not agree to purchase.”
Hosts: Ana Kasparian, John Iadarola, Michael Shure
Cast: Ana Kasparian, John Iadarola, Michael Shure
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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