Bank of America cutting 30,000 jobs
Bank of America said Monday that it plans to eliminate 30,000 jobs as part of a plan to save $5 billion.
The announcement came after Chief Executive Brian Moynihan outlined the bank’s strategy at an investor conference in New York.
This is the same company that had this headline months ago:
Bank Of America Paid Nothing In Federal Income Taxes Last Year And Got Almost $1 Billion From Taxpayers (http://thinkprogress.org/economy/2011/03/28/153790/bank-of-america-taxes/)
If it was unclear before, it should be ever more clear now that the claim that tax cuts to corporations help create jobs and that taxing corporations is bad for the economy is a FALSE claim! As this rhetoric continues surrounding the President’s “American Jobs Act” it is abundantly clear to America that this excuse for no taxes on corporations and the wealthy is just that…an excuse and an outright lie.