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Photo: Andrew Harrer-Pool/Getty Images

President Trump said in April the Republican tax cuts are "giving [companies'] workers thousands and thousands of dollars of bonuses — something that we never really expected."

Yes, but: Not everyone could. While a number of companies announced bonuses for their employees, several still terminated hundreds of positions. Vox reported on Tuesday this is indicative of a pattern: "[C]ompanies profit, shareholders reap the benefits, and workers get left out."

Companies with layoffs since the tax cut:
  • Comcast: More than 500 employees were laid off at the end of 2017, the Philadelphia Inquirer reported.
  • AT&T: Around 600 employees in six states were told in December they'd be out of a job soon, Kansas City's Fox affiliate, Fox 4, reports.
  • Carrier: Just over 200 employees lost their jobs at the company's Indianapolis location, Reuters reported, after the company vowed to keep 1,100 workers after receiving pressure from Trump to close the plant entirely.
  • Walmart: 63 Sam's Club stores were shut down in January, which was made known shortly after bonuses, expanded benefits, and wage hikes were announced.
  • Kimberly-Clark: In January, the company announced it would be letting go of up to 5,500 jobs, and closing around 10 facilities, the Washington Post reported. Chief Financial Officer, Maria Henry, said the tax break received from the GOP tax bill would help counteract the changes.
  • Harley-Davidson: 800 workers were laid off at a Kansas City factory, Vox reports, shortly before the company "announced a dividend increase and a stock buyback plan" to repurchase $696 million worth of shares.
  • Sears: At least 40 stores in 24 states — 31 Sears and 9 Kmarts — are closing, per Business Insider.
  • Verizon Wireless: Around 3,000 customer service jobs are being cut, according to the labor union Communications Workers of America.
  • PepsiCo: While announcing $1,000 bonuses, the company also announced it would be cutting "less than 1% of 110,000 corporate jobs," per the Wall Street Journal.
  • J.C. Penney: 360 jobs were cut in February, including 130 at its headquarters, per CNBC.

Go deeper

Dave Lawler, author of World
2 hours ago - World

How Biden might tackle the Iran deal

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer/Getty Images

Four more years of President Trump would almost certainly kill the Iran nuclear deal — but the election of Joe Biden wouldn’t necessarily save it.

The big picture: Rescuing the 2015 Joint Comprehensive Plan of Action (JCPOA) is near the top of Biden's foreign policy priority list. He says he'd re-enter the deal once Iran returns to compliance, and use it as the basis on which to negotiate a broader and longer-lasting deal with Iran.

Kamala Harris, the new left's insider

Photo illustration: Eniola Odetunde/Axios. Photo: Joe Buglewicz/Getty Images     

Progressive leaders see Sen. Kamala Harris, if she's elected vice president, as their conduit to a post-Biden Democratic Party where the power will be in younger, more diverse and more liberal hands.

  • Why it matters: The party's rising left sees Harris as the best hope for penetrating Joe Biden's older, largely white inner circle.

If Biden wins, Harris will become the first woman, first Black American and first Indian American to serve as a U.S. vice president — and would instantly be seen as the first in line for the presidency should Biden decide against seeking a second term.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.