Stories
Slash Boxes
Comments

SoylentNews is people

posted by janrinok on Friday February 23 2018, @06:53PM   Printer-friendly
from the had-our-fingers-crossed dept.

AlterNet reports

Disney Inadvertently Exposes Trump's Tax Cut for the Scam It's Been from the Start

When Donald Trump signed the Tax Cuts and Jobs Act into law, he touted the legislation as a financial boon for American labor. As recently as January, Trump pointed to $1,000 bonuses for employees that American Airlines, AT&T, and Disney have announced as proof corporations would reinvest the billions of dollars they stand to save in their respective workforces. But if the president has offered a vision of how tax cuts for multinational corporations might operate in theory, an unfair labor practice complaint filed Tuesday reveals how they work in practice.

According to the Orange County Register, Unite Here Local 11, a union representing 2,700 housekeepers and other low-wage workers, has accused the Walt Disney Co. of effectively holding its bonuses hostage to secure a more favorable bargaining agreement. Disney is refusing to release the one-time payments "notwithstanding the union's lack of objection", the statement reads. "[The company] has violated its duty to bargain in good faith, and has engaged in conduct that is inherently destructive to rights guaranteed employees under the [National Labor Relations] Act." (For Disney's part, a spokeswoman maintains the company has a "strong offer on the table".)

[...] Regulatory findings released last month indicate [CEO Bob] Iger earned $36.3 million in compensation for 2017, which is $7.6 million less than he made the year before. The average union member at Disney World is paid $10.71 an hour, while just 3,000 employees earn in excess of $15. Disneyland staffers make a fraction more, the beneficiaries of California's decision last month to raise its minimum wage from $10.50 to $11 an hour. Unite Here's latest filing follows a separate complaint by a coalition of unions representing 38,000 Disney World workers in Florida.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Interesting) by DutchUncle on Friday February 23 2018, @08:14PM (4 children)

    by DutchUncle (5370) on Friday February 23 2018, @08:14PM (#642602)

    I expect to pay *more* because of the loss of deductions, and changes in other long-standing rules that we had relied on for some financial decisions. I predict that a lot of people will have disappointing results as they calculate their taxes next year.

    Starting Score:    1  point
    Moderation   +1  
       Interesting=1, Total=1
    Extra 'Interesting' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3  
  • (Score: 0) by Anonymous Coward on Friday February 23 2018, @11:21PM (3 children)

    by Anonymous Coward on Friday February 23 2018, @11:21PM (#642720)

    ...and the working folks who do see some marginal improvement better enjoy it while it lasts.
    While the cuts for corporations are permanent, the "improvements" for Joe Average are temporary.

    ...and as bob_super has already noted, this giant addition to the deficit is going to hurt Joe Average.

    With the huge difference between what the imaginary economy (the stock market) is doing and what the real economy is doing (e.g. less spending on goods; production down; rinse and repeat), I'm surprised things haven't tanked already.

    Talk to your grandparents (or, if you're old enough, your parents) and get tips on living through an economic abyss.
    There is a reckoning coming.
    When there was great inequality before, that happened in The Gilded Age (The Long Depression 1873 -1896) and after The Roaring Twenties (The Great Depression).
    It's only a matter of time now.

    As Radio/TV presenter Thom Hartmann has observed, when the marginal tax rate for the super-rich goes below 50 percent [aquilafunds.com], a crash is coming.
    FDR's New Deal regulations have delayed that this time, but, with Repugs and Neoliberals whittling away at those, instability is high.

    In addition, we're seeing another rise of Fascism worldwide.
    Get ready for a replay of the 1930s.

    -- OriginalOwner_ [soylentnews.org]

    • (Score: 0) by Anonymous Coward on Saturday February 24 2018, @12:02AM (2 children)

      by Anonymous Coward on Saturday February 24 2018, @12:02AM (#642741)

      We're seeing another rise of Fascism worldwide

      Fascism in Germany only took hold because communists were attacking non-communists in the street. Saw the same thing happen here already. Nobody gave a crap or even noticed that there were still KKK or neonazis because they were so heavily monitored by the FBI, Antifa comes out and says anyone who doesn't hate Trump is a nazi/fasicst/racist/whatever and suddenly people decide that leftism has gone to far. Turns out when you force someone to either be a communist or get punched they will choose any option that isn't communism. One side argues they will give you jobs, and the other says they will take jobs from other people.

      Congrats for bringing this onto yourself. Both sides need to back down.

      From each according to his ability, to each according to his need

      Worthless thieves.

      • (Score: 0) by Anonymous Coward on Saturday February 24 2018, @12:19AM

        by Anonymous Coward on Saturday February 24 2018, @12:19AM (#642752)

        Citation needed.

        -- OriginalOwner_ [soylentnews.org]

      • (Score: 0) by Anonymous Coward on Saturday February 24 2018, @12:59AM

        by Anonymous Coward on Saturday February 24 2018, @12:59AM (#642787)

        From each according to his ability, to each according to his need

        Worthless thieves.

        "From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked." (Luke 12:48) [gotquestions.org] AKA The Bible

        ...and Socialists think that everyone can do -something- that is useful for society.
        ...and with as much wealth as there is on the planet, we also think that everyone who puts in a day's labor should have a reasonably adequate existence, free of artificial scarcity.
        The problem has always been *concentrations* of wealth AKA greed (1 of the 7 Deadly Sins). [bibleinfo.com]

        -- OriginalOwner_ [soylentnews.org]