Behind Starbucks Union-Busting Stands CEO Who Got $940,000,000 Richer During Pandemic... new analysis from 4TaxFairness. cc: SBWorkersUnited via commondreams
"His booming fortune has not made Schultz generous with his employees," ATF states in its report."His personal pandemic wealth gains of $940 million alone could pay for a $3,847 bonus for every Starbucks
Starbucks has also benefited from the 2017 GOP tax law, which slashed the corporate tax rate from 35% to 21%. ATF observes that"in the four years since enactment of the Trump tax cuts, Starbucks' effective federal income tax rate fell from 28.1% to 18.2% compared to the 2014-17 period." To help combat Starbucks' union-busting, ATF urges Congress to hike the corporate tax rate to at least 28% and pass the, recently introduced legislation that would"classify corporate interference in worker organization campaigns as political speech under the tax code, thereby revoking its tax deductibility."
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