What Fresh Hell Is This?

January 25, 2018

Which News DOES Senator Toomey Read?

Here he is on Hugh Hewitt, recently:
Hugh Hewitt: I am joined by United States Senator Pat Toomey from the great state of Pennsylvania who may have a rooting interest in the Super Bowl in two weeks. We will check on that. But is the President right, Senator Toomey? Good morning, welcome.

Pat Toomey: Good morning, Hugh. Thanks for having me. The President is absolutely right. The way that the business world has responded to the tax reform has been absolutely fantastic. You’ve seen the huge wave of additional compensation for workers, a wave of new investment.
I wonder if the Senator has read about:
  • Kimberly-Clark to use savings from tax cuts to pay for layoffs:
    Kimberly-Clark — maker of brands such as Kleenex, Scott and Huggies — said the savings it receives from the new tax-cut law will help them pay for a restructuring program that includes layoffs.

    The company said the restructuring initiative, which the company was planning to undertake regardless of the tax law's passage, will involve reducing its number of employees by about 5,000 to 5,500 people, or 12 to 13 percent of its workforce. Kimberly-Clark also said it plans to close or sell about 10 manufacturing facilities.
  • Comcast quietly fired hundreds in direct sales before Christmas:
    Hundreds of door-to-door salespeople for Comcast Corp. who walk neighborhoods and troll apartment complexes to pitch its telecom and TV services were called into company offices about two weeks before Christmas and fired, according to an employee and Comcast documents reviewed by the Inquirer, Daily News, and Philly.com.

    [And...]

    In late December, Comcast announced that it would hand out $1,000 bonuses to full-time employees, in response to the Trump tax cut that will slash its corporate tax rate. The fired employees will be eligible for a “$1,000 supplemental severance payment,” Comcast said.
  • AT&T sheds 1,000 employees after touting GOP tax plan, giving out bonuses:
    After announcing that the majority of its United States employees would receive a $1,000 holiday bonus as a result of the new GOP tax plan, AT&T quietly laid off more than 1,000 employees.
  • White House praises Walmart for raising wages because of the tax bill — despite the company laying off thousands of workers on the same day:
    Trump administration officials on Thursday praised Walmart for increasing wages and delivering bonuses to employees, even as the company laid off thousands of other workers and closed stores on the same day.
And I wonder if he has read any or all of the above, why he failed to mention this unfortunate economic collateral damage on Hugh Hewitt's radio show.

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