Tax reform has passed and economic growth finally appears to be picking up. Companies have responded to tax reform by increasing investments, bonuses, and wages, and tax cuts will start showing up in paychecks in the coming weeks. These are all positive steps that will help millions of families.
But one more step needs to be taken to address the economic anxiety of millions of working people mired in household debt.
The banking industry will reap billions of dollars in savings from tax reform. Major banks have said they will use their tax savings to increase dividends and share buybacks, raise employee pay and benefits, increase customer lending, and open new branches all worthwhile actions that will benefit the economy.
There is one…
Read the full article at: http://www.washingtonexaminer.com/how-banks-can-use-tax-reform-to-help-their-customers/article/2648683
