Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Better Off?

Better Off?

FromThe Heist


Better Off?

FromThe Heist

ratings:
Length:
31 minutes
Released:
Oct 8, 2020
Format:
Podcast episode

Description

What did companies do with their huge tax break? The Trump administration made grand promises about the 2017 tax law — that corporations would invest the windfall in their workers, boosting the entire economy. So, are we better off? We look at the case of American Airlines, which is now furloughing thousands of workers in the middle of the pandemic.
Released:
Oct 8, 2020
Format:
Podcast episode

Titles in the series (18)

In Donald Trump’s America, wealthy people and large corporations have won big. The Trump Administration promised the Tax Cuts and Jobs Act of 2017 would pay for itself and boost the middle class. But in truth, the tax cuts funnelled hundreds of millions into the pockets of the rich and ballooned the national debt. Then, something similar happened again with the 2020 pandemic bailout. Promises made, promises broken. The Heist is the story of a huge political swindle, how it happened, and how power works in a Donald Trump presidency. Reporters spent months behind the scenes: we get to know a big Republican donor, a senator who caves to political pressure, and the enigmatic Secretary of the Treasury, Steven Mnuchin, who led the charge for these laws.