FedEx CEO said Trump tax cut would spur investment

November 18, 2019

FedEx’s founder and chief executive, Frederick Smith, publicly lobbied for passage of the 2017 Republican corporate tax cut. Passing the legislation, he said on a 2017 radio show with now chairman of the National Economic Council Larry Kudlow, would result in a surge of corporate investment in new equipment and other assets. FedEx spent less on capital investment and more on stock buybacks and dividend increases following passage of the bill than it had before it became law.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.