NOTE: While reading this, please keep in mind Speaker Ryan’s tweet touting a school secretary getting a $1.50 per paycheck increase and Pres. Trump touting people with an income of $75,000 receiving a $2,000 tax cut (until they expire in 2020).
The following article by MattEgan was posted on the CNN Money section of the CNN website February 2, 2018:
ExxonMobil scored a massive gain from the Republican tax overhaul.
The tax windfall helped Exxon’s (XOM) net profits surge fivefold, the world’s largest publicly traded oil company said on Friday.
Excluding the tax bonanza, Exxon’s results left Wall Street wanting more. Adjusted earnings unexpectedly declined and revenue missed the mark by a wide margin. Exxon shares slumped about 5%. Continue reading “The tax cut is a $6 billion gift to Exxon”