Trump has been crowing to everyone who’ll listen about the “tremendous” economy he’s created — failing to mention he inherited President Obama’s recovery.
Meanwhile, a quintessentially American company, Harley-Davidson, just announced that their sales have fallen sharply in the past year, culminating in the closure of their Kansas City, Missouri plant, costing the city approximately 800 jobs — and they’re blaming the Trump tax cuts.
According to today’s USA Today:
The Milwaukee-based company said its net income fell 82% in its fiscal fourth quarter to $8.3 million, compared with a year earlier. Earnings per share were 5 cents, down from 27 cents a year earlier . . . Harley-Davidson worldwide retail motorcycle sales fell 6.7% in 2017 compared to 2016. The company’s U.S. sales fell 8.5% and international sales were down 3.9%.
Harley-Davidson attributes their earnings drop to ” a charge associated with President Trump’s tax cut and a $29.4 million charge for a voluntary product recall.”
Harley-Davidson is just one in a spate of companies to recently announce plant closures and layoffs.
When he ran for office, Trump said America would tire of all the “winning.”
If Harley-Davidson is any indication, we’re already there.
The post Harley-Davidson just announced the closing of a major plant, citing Trump tax cuts appeared first on Washington Press.