GOP gave banks $21 billion tax cut — and they used it to fire thousands

Well, we found one industry that benefitted from the Republican tax scam: U.S. banks.

According to Bloomberg News, major U.S. banks saw a $21 billion tax cut in 2018, beating the tax cut estimates the banks themselves projected they’d receive from the new law, all thanks to the Republican-passed tax bill.

And what did the banks do with that massive windfall?

View the complete February 6 article by Emily Singer on the Shareblue website here.