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Letters to the editor, November 16

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Denton Record-Chronicle Readers

Corporate tax cuts

President Trump claims that tax cuts for big corporations will increase the incomes of middle-class Americans by $4,000 to $9,000 per year.

The premise is that companies will use the tax saving to invest or expand, and this will "naturally" result in higher wages.

However, since the 2008 financial crisis, corporations have earned record profits and have not increased wages at all.

Instead, they have used this money for stock buy-backs and dividends for shareholders.

They still have enormous amounts of money to invest, but aren't doing it.

Why would this tax cut be invested to create jobs when none of this other cash was?

Bob Michaelsen,
Denton