U.S. corporations, flush with profits and tax cuts, layoff millions amid coronavirus outbreak--but what if they used some of those profits to save jobs?

KNXAM: On-Demand
Tuesday, March 24th
The numbers are ugly.  In recent days, trade groups have told the White House and Congress that about 2-million jobs in retail, 3-to-5-million restaurant positions and over 4-and-a-half-million jobs in the travel industry could be lost during the coronavirus outbreak.  A recession is inevitable and the worse is yet to come.  But does it have to be this way?

U.S. corporations have collectively enjoyed several sustained years of record profits, PLUS they just received some very generous tax cuts.  So what if big corporations spent some of those profits to retain their workforce through this shutdown rather than rush to lay off millions?