Two Million People (and counting) Receiving Tax Reform Bonuses

I know CEOs spin things more than politiciand - it's called PR.

 

So, you agree that the economy was absolutely terrible under Obama? Because it is better by almost any measure now, so if now is bad...the last 8 years must have been just terrible.

or are you just spouting political nonsense, and should be justly ignored.

Which is it?

 

edited

 

True to a fair degree...EXCEPT doesn't account for potential increased revenues due to a growing economy.

Also ignores that the government already greatly overspends its income, and with far too little to show for its spending. Better to leave it in the hands of business.

For those that truly believe that government knows better how to spend the money, visa applications for N. Korea are available.

 

You clearly haven't received the memo. These are just crumbs. You are supposed to be very angry about this. Please distribute this info to your employees as well.

 

Funny thing is that Trump should actually be praising the stock market dive today.

The fact is we're seeing wage growth finally in the latest jobs report. Something we've been hoping to start seeing for years. Its sending a signal to wall street that fed rates will need to go up now pretty fast to counter, and curb inflation.

I don't know if its sustainable, we have a major debt problem that just got alot worse, and its not the way I'd want to grow wages long term. However as a political talking point, its ironic that Trump should actually be out there talking about why the stock market is doing what its doing.

Instead, he's spending the news cycle to make sure everyone knows how desperate he is to fire the special prosecutor, and acting guilty as hell.

 

He also conveniently forgets that 90% of Americans are receiving tax cuts as well for AT LEAST the next 10 years....longer if Dems don't vote against extending the tax cuts in 2026 as they have consistently done in the past.

 

The economy is an oceanliner. It's course doesn't change that much due to who is President, though the right idiot, such as particularly stupid and corrupt one, can definitely make it be more likely to be heading towards an iceberg, or by ignoring danger signs and damaging saftety systems (installing morons on the federal reserve, raping the treasury for specious reasons, etc) But an oceanliner on the right or wrong course (whatever your metric) doesn't really get more or less "right" or "wrong" as it heads along the same course, therefore "the economy" - whatever the hell you think that means in your gray matter is not really that drastically different in terms of a snapshot of indicators than it was a year ago.

It's absolutely correct that the roots of our current period of staggering, Gilded-Age type income inequality started in the 80's, and it's absolutely correct that that trend accelerated in recent years despite the best efforts of Obama et al to address it. It's also absolutely true that the disastrous GOP tax policy, which is really more of a slow motion, 10 year car wreck than something that's going to have instant impact - is going to blow a 1.5 trillion hole in inequality that is going to be impossible to dig out of, regardless of whether you're the type of person who's very impressed with a $1000 temporary bonus rather than a raise or health care (looks like you are)

 

Ok, I'll play along.

Why would this CEO lie about this when the law supporting what he's claiming caused this has already been passed? What would a CEO have to gain by making such a bold, public lie about his intentions?

 

by keeping in the politicians that allowed the bill to be passed? It's beneficial for CEOs for the general public to believe that tax cuts for them will benefit the general public. Keep in mind mid terms are around the corner.

 

Never met a conspiracy theory you didn't like eh?

Personally, I think it would be damn reckless and stupid for a CEO to make a public pronouncement about 12 billion in company investments simply to minimally help conservative politicians he supports. I mean, how many people do you think even heard about this investment?

 

That's a conspiracy theory to you? Really? CEOs using salesmen speak is a conspiracy theory?

It's not about conservative politicians. The GOP just passed a historic slash in the corporate tax rate. To think that many CEOs would latch on to the politicians who helped vote that in is a conspiracy theory? Mid terms are around the corner Come on dude. You can't be this simple minded. A flipped House and Senate will threaten any extension of these cuts.

You probably are so dumb that you think these corporations spend millions in camapign donations and lobbying with no intended return on investment.

 

Terrible week and day for stocks.

Obviously the markets would have preferred the Nunes memo remain secret.

Thanks Trump.

 

No, I'm just not paranoid enough to believe a CEO would make an announcement on a 12 billion dollar internal investment because it was politically motivated....especially 1 month AFTER the law in question passed. It's defies logic for all but conspiracy theorists.

But you keep on being you.

WRONG. The cuts are permanent for companies. Their is no "expiration date" or "extension" that will occur. Come on man, these are basic facts.

If you're gonna call others "simple minded", you might want to get basic facts straight.

 

And what is the average tax savings for middle class and lower classes?

Democrats voted to extend the Bush Jr tax cuts.....

 

Question. How did the GOP change the corporate tax rate?

You need to elaborate on this especially when the primaries are around the corner. If the House and Senate flip and a Democrat is elected into the Presidency is 2020, what would prevent them from pushing a new tax bill?

These CEOs have all the rational reasons in the world to keep the legistlators in power who they are confident will maintain the current status quo.

 

1. it's good PR to talk about how the tax cut is being used by the company in a positive way. It's an easy way to make sure the tax cut never gets reversed. The company gets to look good to its employees and the public overall - increasing their brand affinity.

2. When companies spend money on investments or employee compensations, their stock prices take a big hit as shareholders don't like money going to labor (it's basically at the expense of their dividend). By linking the investments and spending to the tax cuts it maintains the stock price better shareholders don't think it will impact profitability much.

 

Here come the cuts.