The Republican tax bill is misleadingly called the Tax Cuts and Jobs Act. In reality, the Republican plan would provide tax cuts for large corporations, many of which say they would not create new jobs. The American people know the truth, and that is why they overwhelmingly oppose the Republican tax plan.

The Republican tax bill contains billions in tax cuts for corporations.

New York Times: “The bill, which House leaders unveiled on Thursday after weeks of back-room negotiations that only Republicans were privy to, contained multibillion-dollar gifts for corporations, Wall Street titans and rich families.”

New York Times: “The bill is heavily weighted toward business, which would receive about $1 trillion in net cuts, or two-thirds of the total in the bill, according to calculations by the Joint Committee on Taxation that were released Thursday by the Ways and Means Committee.”

Corporations say they’d use tax cuts to lift up investors, not workers.

New York Times: “Mr. Trump’s minions in the White House and Congress are mouthing the same old stale arguments: that businesses will take the money saved on taxes and hire more people and hand it over to employees in raises and bonuses. If only. Credible economists believe the benefits of the cuts would accrue nearly exclusively to shareholders and executives.”

Reuters: “CEOs suggest Trump tax cut may lift investors more than jobs”

Reuters: “U.S. President Donald Trump is selling tax reform to Americans on the promise it will create extra income for companies to invest in their businesses and create jobs. Some of the biggest companies have very different plans. U.S. corporations are saying they would use a tax reform windfall to buy back shares, retire debt and other shareholder-friendly moves, in recent post-earnings calls with investors and securities analysts.”

The majority of Americans oppose the Republican plan to cut corporate taxes and they know that corporate tax cuts won’t help middle-class workers.

Politico/Morning Consult Poll: “Opposition to a corporate rate cut has edged up, according to a new POLITICO/Morning Consult poll … But a key part of the plan, lowering the corporate tax rate to 20 percent from 35 percent, remains one of its least popular aspects.”

CBS News Poll: “Most Americans would like to see a tax cut for the middle class and small businesses, but a majority want to see tax increases for large corporations (56 percent) and for the wealthy (58 percent).”

CBS News Poll: “Most Americans are skeptical of the idea that corporate tax cuts would create jobs. About two-thirds of Republicans (63 percent) say corporations would use any money from potential tax cuts to create jobs, while most Americans (57 percent) overall disagree.”

Associated Press-NORC Poll: “Most Americans say President Donald Trump's tax plan would benefit the wealthy and corporations, and less than half believe his message that ‘massive tax cuts’ would help middle-class workers, according to an Associated Press-NORC poll.”