AT&T, General Motors and Wells Fargo vowed to use tax cuts to create jobs. In fact, they did the opposite

A union member reacts as union leaders speak in Oshawa, Ontario. General Motors announced it was closing five plants in the US and Canada, costing more than 14,000 jobs. Photograph: Lars Hagberg/AFP/Getty Images

Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company announced it was closing

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