NationofChange
BailoutWatch highlights four companies that got tax windfalls but still fired workers.
Bolstering arguments against providing further public benefits to the fossil fuel industry, a BailoutWatch analysis published Friday reveals that 77 companies got a collective $8.24 billion tax
bailout last year, then laid off tens of thousands of employees.
The tax benefits for major polluters resulted from two provisions of
the Coronavirus Aid, Relief, and Economic Security Act, signed by
then-President Donald Trump in March 2020. The CARES Act changed
corporate tax cuts from legislation that passed under Trump in late 2017, which critics often refer to as the Trump-GOP “tax scam.”
Fossil Fuel Companies Took Billions in U S Coronavirus Relief Funds but Still Cut Nearly 60,000 Jobs insideclimatenews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideclimatenews.org Daily Mail and Mail on Sunday newspapers.