Senator Schumer counters tax benefits as corporate stock buybacks

New York Senator Charles Schumer says Republicans have promised massive corporate tax cuts would unleash and president economic growth, but evidence big corporations showed the cuts were not turning into jobs for the middle class. Schumer says AT&T gave bonuses but also announced plans to fire thousands, Macys announced job cuts and most companies were announcing stock buybacks from the tax breaks, including MasterCard, Bank of America, Pfizer, Wells Fargo and many others, that were many learn that some get raises while the rest get crumbs they will be outraged.
New York Senator Charles Schumer says Republicans have promised massive corporate tax cuts would unleash and president economic growth, but evidence big corporations showed the cuts were not turning into jobs for the middle class. Schumer says AT&T gave bonuses but also announced plans to fire thousands, Macys announced job cuts and most companies were announcing stock buybacks from the tax breaks, including MasterCard, Bank of America, Pfizer, Wells Fargo and many others, that were many learn that some get raises while the rest get crumbs they will be outraged.
PURCHASE A LICENSE

Get personalized pricing by telling us when, where, and how you want to use this asset.

DETAILS

Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
910114320
Collection:
FedNet
Date created:
January 24, 2018
Upload date:
License type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:02:09:18
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
sflr012418a.mov