Heitkamp: Benefits of Tax Cuts a Wash Because Most Going to Very Wealthy

EXCERPT:

HEITKAMP: "We just heard that Kimberly Clark is going to lay off 5,000 people and close factories. You know how they can afford to do that? They said the tax cuts gave them the liberty to do that."
CAMEROTA: "That wasn’t supposed to be the point of the tax cuts."
HEITKAMP: "Sure, there’s going to be positive things. Moody’s, which analyzes this for a lot of states and for a lot of companies basically said this is a wash. In fact, in terms of stimulus on the individual tax cuts, because the majority of it is going to very wealthy people, won’t have much effect."