These free PR moves from these corporations about the tax bill look good but don’t forget how great the PR was for Carrier when they announced they would keep those jobs after the election and a tax break and then quietly did away with the jobs anyway. Bottom line — corporations do not and should not pay a dollar more than necessary. This means that if these bonuses are significantly higher than normal, expect cutbacks elsewhere such as raises.
https://twitter.com/ATT?ref_src=twsrc^google|twcamp^serp|twgr^author AT&T twitter. no tweet. They sent a letter to employees saying 'you get a bonus and heres why' . a PR move probably. all bonuses are.
These PR moves tells you these companies are making out like BANDITS and are throwing crumbs at their employees to make themselves look good. The REAL money is going to the shareholders and to executive bonuses...lol.
Has anyone run online tax calculators? My wife did a quick and dirty estimate (she's a CPA) for us and we'll save ~$13,000 under the new plan.
My mistake, the tweet was a statement from the CEO saying that tax reform is why they were able to do such things. There's a coordinated effort by businesses to make a show of this, look at at the announcements of donations..... Frankly, lowering the corporate tax is prudent given the globalization and I was in favor of that, just not the rest of the stuff they packed in there.
God forbid folks be honest about why charitable donations, bonuses, and raises are being announced this holiday season instead of last year's profitable end.
Businesses should be vocal if a policy is having a positive impact on their business. They should be vocal if a policy is having a negative impact on their business. I see no issue with them not only being vocal but demonstrating with a business decision that this is the case. I would also have no problem if someone was vocal about cuts in medicare/medicaid hurting them. they gave out bonuses last year base don profits. they do this every year.
We are in the midst of the second longest socket run since the the run up to the Great Depression. And historically the average time between recessions is 7-9 years.
I've already said this is a smart PR move, because that's what this is. This is a highly unpopular tax bill based on polls and this helps people forget how many of the folks writing this bill stand to benefit greatly; i.e. not draining the swamp. I wouldn't be surprised if Trump personally pushed CEOs to make a big show like this, again smart PR in light of high unpopularity across the white house and Congress I'm a long term investor and expect stocks to get further pumped up by share buybacks and increased dividends. I'm a big proponent of corporate tax reform but it was at the expense of a lot stuff to make the math right. I also know that a market correction/recession is inevitable.
According to Politico, payroll companies are freaking out because they have no guidance for how much to withhold from either the treasury or the IRS with the new tax rules. There is an expectation that some workers will face underpayment penalties because of the confusion.
So you did run the numbers? Most people will save money on this...others will owe more. In fact, the people that lose are the rich, but not super rich. 75% of taxpayers will save some money.
Its more than clear that Republican leadership hedged their bets that if the average American family member can save a bit of money in their pockets, its gonna pay dividends during mid term elections...That being said, NOT one democrat in the House or Senate voted for TAX cuts for the American people...Enjoy 2018...Its gonna be a blood bath for democratic seats nation wide.
That's why the tax bill is the most unpopular tax bill ever. But hey, if people actually can be fooled again and again and again, giving bread to the top and enjoying the crumbs, so be it. They deserve it.
