Zoe Henry, reporter for INC. Magazine, discusses how the tax overhaul is affecting both corporations and middle-income Americans. In the new year, major corporations such as AT&T and Wal-Mart have handed out employee bonuses. Now that the corporate tax rate is lower for some companies, Henry speculates about how much these bonuses are really affecting the companies' bottom lines. Overall, Henry notes that these companies are making great financial decisions, but ordinary Americans may not see a major payoff.

Share:
More In Business
Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Load More