Because there's no economic mechanism that makes profit windfalls go into pay rises. None. This is a giant scam.
The only thing that would raise wages for a company is if raising wages created profits. The only thing that would create investment is if the instant created profits.
Corporations only have one purpose: to maximize shareholder return on investment. That's why cutting taxes will go to shareholders, not to employees or investment.
If a corporation had an investment to make, they would do it already, because loans are at historic low interest rates.
We have plenty of investment, and full employment. What we lack is market demand because wages are suppressed while cost of living increases.
It's remarkable that the White House's chief economic advisor doesn't understand these basic economic principles.
Of course he probably does know them, and he's just lying because this is simply a giant scam.
We need to raise the minimum wage, and raise the top marginal income taxes, and increase interest rates.
Bush cut taxes, they haven't paid for themselves. How about we let those tax cuts pay for themselves before trying again.
Bush also did a tax holiday to bring money back, saying it would go to investment. It didn't, it went to stock buy backs and dividends.
