By KATE GIBSON MONEYWATCH May 22, 2018, 4:02 PM
Harley-Davidson cut jobs, repurchased shares after tax cut
Recent evidence suggests that workers aren't getting much benefit from 2017's corporate tax cuts, and Harley-Davidson (HOG) looks like a prime example of employees getting left out in the cold.
The Republican tax law slashed the corporate rate to 21 percent from 35 percent, leading proponents to contend companies would use the windfall to increase their investments in labor or business expansions. That playbook isn't panning out so far.
After getting its taxes lowered, Harley-Davidson has announced a plant closing with the loss of 800 jobs, and it's buying back hundreds of millions of dollars worth of its outstanding shares.
more:
http://www.cbsnews.com/news/harley-davidson-cut-jobs-repurchased-shares-after-tax-cut/
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