The following article by Oliver Willis was posted on the ShareBlue.com website July 30, 2018:
Ultra-rich CEOs are raking in even more millions of dollars, thanks to the GOP’s tax scam.
The Republican tax scam, passed with only GOP votes and Trump’s signature, has led to a massive Trump Bump in pay for multi-millionaire CEOs while average Americans have been left out to dry.
In a review of SEC filings since the passage of the GOP tax scam, Politico found that executives “have been profiting handsomely by selling shares since Trump signed the law on Dec. 22 and slashed corporate tax rates to 21 percent.”
Further, according to Politico, public companies have announced $600 billion in buybacks this year alone, and approximately 28 percent of S&P 500 companies have announced plans to offer buybacks to shareholders.