Two Million People (and counting) Receiving Tax Reform Bonuses

It is anecdotal. What about all those scrapping by that work for Sams Club that lost their jobs? What about all those that worked at Lowe's that were laid off? What about those at State Farm? How many employees do you think received bonuses as a result of the Tax Bill? Are you concerned about them? You sure don't seem to be. All of these are "real people".

 

i think those events happen anyways just like the upcoming amazon hiring boom. if you're looking for blame, blame costco for out performing sams while having the same prices and a more expensive membership. blame geico and progressive for doing it different and better that they can compete with entrenched, giant, legacy companies like state farm and all state. lowe's missed earnings, lowered their outlook too, and the market responded. ii can tell you personally i hate lowes because you can never find anybody to help and my experience at home depot is the exact opposite. not saying that's why but from what i've read lowes is making efforts there. again, that's how free market business works those in innovate, provide good service, prosper. dinosaurs go extinct. in fact to blame 1 event (tax cut) while ignoring years of investment and innovation is even more anecdotal. surely you see that you can't ignore years of business performance and competition as factors and only focus on a recent tax cut that hasn't really had much time to have an impact. we can debate it but you have to be honest for that to happen.

 

Bonuses just happen anyway as well.
Companies hire new employees happen anyway as well.
Employees raises happen anyway as well.
etc.

 

Bonuses happen anyway as well. The whole point is that it is very difficult to gauge how much of an effect the Tax Bill has had on bonuses, and that doesn't even take into account the long term cost/effect of the Tax Bill on the economy and work place. We do know that some of the "bonuses" that were attributed to the Tax Bill were already planned ahead of time. How many? I don't know, and we will never get an honest answer. You can point to individual people that received larger bonuses, I can point to people that did not....... it is all anecdotal.

Your premise that it isn't anecdotal to particular people really doesn't mean much. It is NEVER anecdotal to some. That does to those laid off too, and those that got great promotions during the Great Depression. It doesn't mean anyone isn't compassionate. What it means is that at the macro level it means very little.

 

that's exactly my point. arguing why folks who need help got help doesn't mean a whole lot to those folks. to me it's the same as arguing how it's bad that folks who save a few hundred or even a few thousand on taxes (even if rich get more based on %s) is bad because of the future. next year or next few years doesn't mean a whole lot for many. they worry about tomorrow tomorrow but the folks who can afford to worry about tomorrow let them but don't make them suffer in the meantime. give them any support that will pass while the folks who can argue about it do so.

 

And I thought conservatives cared about debt and deficits... funny how those things matter when it’s no longer politically viable... aka now Obama is gone we can increase deficits more.

 

Huh? Arguing from both sides now?

 

nope., i've always made this point. i love tax cuts no matter how fair or unfair they are because those who need any/all help get the help while everyone argues the details and hopefully/eventually changes the fairness of it all.

well you are wrong, no one cares about deficits or spending anymore and that's a shame. instead the powers that be have us arguing about taxes which is exactly what they want. divide and conquer so they can keep spending as they wish without anybody giving a **** because they're too busy yelling at each other. it's sad and pathetic. revenue generation from taxes has never been the issue for me, it's always been spending but NO ONE cares about that.

 

Lol, what? How can you love them regardless of how fair or unfair they are and then conclude everyone that needs any/all the help will get it?

Try again.

Lol, day drinking can be fun but all in moderation dude.

 

Don't be so damn dense. Getting no tax relief while politicians argue about fair tax rates is <<<< than getting any tax relief while politicians argue about fair tax brackets. Also it's obvious neither party is fiscally responsible and that neither party and it's leadership seems to care. They focused on and arguing about taxes, meanwhile spending are at all time highs but shhh... they don't want the plebs to know that. They want the plebs to pay for it. And before you ask me to try again how about you try at all.

 

Only 9 Percent of Fortune 500 Companies Have Shared GOP Tax Cut Windfall With Workers

Less than ten percent of the nation's wealthiest and most-profitable companies have shared any of the financial benefits they received from a massive corporate tax cut provided by President Donald Trump and Republicans, a new analysis released Tuesday shows.
According to Americans for Tax Fairness, a coalition of organizations which advocates for progressive tax reform, the numbers in their new analysis reveal that the GOP public relations campaign touting the idea that corporations would be sharing "a big slice of their huge Trump tax cuts with their workers through bonuses and wage hikes is mostly hype."

The ATF analysis, in fact, draws from financial data and public statements compiled by a similarly named (though ideologically opposite) group, the Americans for Tax Reform. The right-leaning ATR has been maintaining a database of how Fortune 500 companies have implemented or altered fiscal policies since passage of the GOP tax cuts at the end of 2017.

"Not only are few big corporations sharing any portion of their tax-cut bounty," the group stated, "but the amounts going to workers pale when compared to how much the companies are getting in tax cuts and to how much they’re returning to shareholders through stock buybacks and dividends (where those figures are available).

 

Shocked! I shocked I tell you!

Guess I don't feel so bad... from all I have heard and read about, I was thinking I was the only one who hasn't gotten a raise or bonus.

 

So which is it? Companies who give bonuses and credit the tax bill are supposedly not doing it because of the tax bill no matter that they actually credit the tax bill for the bonuses because the left says they have not had time enough with the tax bill and had planned to give the bonuses anyway (not to mention all the griping on the bonus size) and now the left is slamming the bill because not every company has given a raise or a bonus based on a tax bill signed a little over a month ago. The left is talking out of both sides of their mouth here.

 

As are the right. As has been the case for a number of years. Each side talks out of both sides.

 

Yes both parties do it.

 

Meanwhile...

 

Time to cut us up some "entitlements" (sic)!

And set us up the bomb!

 

Texas has been doing its part: we've refused $10B of annual federal Medicaid funding for several years running.

 

It is too early to measure the impact of the tax bill. Just because a news report makes a statement of fact doesn't mean the "left" is saying anything. The media is not the "left" by the way.