Corporate Con Games: Tax Holiday or Gigantic Scam?

Congress already fell for this scam with a tax holiday passed in 2004. But companies didn’t create the jobs or investment they promised — layoffs actually increased. Instead, they boosted CEO pay, stock buybacks and shareholder dividends, and stockpiled even more money offshore to avoid taxes.

CEOs to Workers: Much More for Me, Less for You

It’s no accident that wages are down while corporate profits are at record highs. U.S. wages are at a 50-year low relative to company sales. CEOs make more in a few hours than workers who care for children, the ill and the elderly make in a year.