For Immediate Release
February 7, 2018
Contact: Brad Bainum, [email protected]
Kimberly-Clark's GOP Tax Law-Inspired Layoffs
"First Vukmir and Nicholson endorsed tax hikes and health care premium spikes on middle-class families; now they're standing by as yet another massive corporation is gifted a big tax cut only to turn around and lay off hundreds of hardworking Wisconsinites"
The Vukmir and Nicholson-backed tax law hikes taxes on 53% of Americans while gifting most tax cuts to the richest 1%
MADISON -- Kimberly-Clark last week announced plans to close two Fox Valley facilities and lay off at least 600 Wisconsin workers in a move enabled by the GOP tax law supported by Leah Vukmir and Kevin Nicholson.
In a call with analysts last month, Kimberly-Clark executives openly bragged about using the company's massive corporate tax cut windfall from the GOP tax bill to engineer stock buybacks and lay off more than 5,000 workers, rather than expand or better pay their existing workforce.
Remember when Vukmir announced the #GOPTaxScam would be "Good for everybody"?
So far, Vukmir's been silent on how 600 Wisconsin workers losing their jobs while a corporation profits from a massive tax-cut windfall is somehow "good for everybody." And Nicholson has yet to weigh in, either. But make no mistake: both Vukmir and Nicholson own these layoffs.
"First Vukmir and Nicholson endorsed tax hikes and health care premium spikes on middle-class families; now they're standing by as yet another massive corporation is gifted a big tax cut only to turn around and lay off hundreds of hardworking Wisconsinites," said Brad Bainum, Democratic Party of Wisconsin spokesperson for the 2018 Senate race. "Wisconsin Republicans who endorsed the GOP tax law are complicit in these devastating Kimberly-Clark layoffs."
The GOP tax law is also set to spike Americans' healthcare premiums by 10% and leave 13 million more Americans without health insurance coverage. And according to the Tax Policy Center, the law will:
- Hike taxes on 53% of Americans;
- Gift the richest 1% of Americans 82.8% of the bill's tax cuts; and,
- Ensure that nearly 4-in-5 members of the richest 1% get a tax cut, even as most Americans are forced to pay more in taxes.