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Old 05-30-2018, 03:34 PM   #3470
zeek
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Join Date: Jul 2011
Location: Florida
Posts: 4,223
Default Re: Politics and the Church

I read that when the Republicans passed the Trump tax they gave a 40% tax break to the big oil companies. In 2017 Exxon Mobil reported a 5.9 billion dollar tax benefit while Chevrolet Chevron and Valero reported $2 billion and $1.9 billion respectively. But did they pass those savings on to consumers in the form of lower gas prices? No, instead they announced record stock buybacks and passed billions in profits on to the shareholders thanks to the rising cost of fuel and their Trump tax windfall. As usual working class Americans including the ones that voted for Trump and Republicans are the ones that are paying the price.
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Ken Gemmer- Church in Detroit, Church in Fort Lauderdale, Church in Miami 1973-86


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