Ogilvy CEO Skeptical Tax Reform Will Lead to Higher Wages Right Away

President Trump argues that the GOP tax plan will create more jobs, and higher wages for the American people. John Seifert, the CEO of Advertising company Ogilvy, says that he hopes the plan does all of those things. But he but he thinks they’re more likely to happen in the long term, not the short term. He predicts that the regulation would be taxing to companies, at least at first. “It’s going to be a lot of pressure to return money to shareholders, clients are still under amazing cost pressure,” he said. U.S. Senator Marco Rubio (R-FL) added his voice to those concerned about the effects of the bill on Thursday. The congressman took issue with tax negotiators lowering the top tax bracket, and starting corporate tax a year early, but not adding refundable cuts for families. “Adding at least a few hundred $’s in refundable cuts for working families who seem to always be forgotten isn’t hard to do either,” he tweeted. For full interview [click here](https://cheddar.com/videos/ogilvy-restructures-for-the-digital-era).

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