Did you see this survey?
Wanted to be sure you didn’t miss this Tax Policy Forecast Survey from Miller & Chevalier Chartered and the National Foreign Trade Council on the GOP tax law, which shows the majority of executives aren’t planning on hiring American workers or handing out raises and benefits to their employees like the GOP promised. Here’s a look at notable findings from the survey:
- Four out of five employers don’t expect to hire more American workers or pay bonuses, and fewer said they would raise wages or increase benefits.
- More than half said there will be zero impact on their employees. Only 21% anticipate they will give bonuses; only 15% anticipate they will raise wages; and only 20% anticipate more U.S. jobs. Meanwhile, 42% of business executives surveyed will increase investment outside the U.S.
- A higher number of respondents said they will buy back stock and/or give dividends to investors than will hire more workers, give bonuses, or increase wages.