Thursday, April 26, 2018

Jacksonville, FL-Based CSX Corp, Which Received $3.642 Bil of US Federal Income Tax Debt Forgiveness on Dec 22, 2017, Which Comprised 99% of Its 4Q 2017 Earnings Increase Over the 4Q 2016 of $3.682 Bil, Now Posts 1Q 2018 Earnings Which Were Up By an Additional 97% Over the 1Q 2017, Much of It Due to Additional Tax Breaks Granted to It ........................................................................................ So How Does CSX Reward Its Employees For All of These Tax Gifts? Its 1Q 2018 Total Labor and Fringe Benefits Expense Is $696 Mil, Down 12.5% From the 1Q 2017 Amount of $795 Mil ........................................................................................ US Capitalism Is Not Working Properly Under the Trump Administration and the Republican-Controlled US Congress