Bob Lord & Josh Hoxie

Bob Lord is a Phoenix-based tax attorney and an associate fellow at the Institute for Policy Studies, where Josh Hoxie directs the Project on Taxation and Opportunity.

Recent Articles

One-Time Bonuses, Full-Time Con: Trump’s Tax Cuts Deliver Worker Layoffs

Corporate public relations teams extol bonuses to pump up the Republican re-election effort, but many people will end up unemployed.

AP Photo/Julio Cortez, File
You don’t need to follow the president’s Twitter feed to read glowing accounts of the massive tax cuts he championed through Congress late last year. Simply skim the glitzy headlines and press releases coming out of corporate America these past couple months, where CEOs and public relations firms are working overtime to tell you about all the worker bonuses they’re doling out. “Today, we are building on investments we’ve been making in associates, in their wages and skills development," Walmart CEO Doug Macmillan said in a company press release. “Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.” Underneath this PR spin is a much more sinister story. Many of these bonuses aren't what they appear to be: Many of these companies, Walmart included, are actually laying off workers . One devious feature of tax cuts-equal-bonuses messaging is that new tax law isn't even responsible for many of...