No, they’re just 100% #FakeNews
It will be interesting when people start getting more money in their checks how they spin it. Guarantee you it will be, “Well, this person who makes way more than you is seeing $X more than you in their check so see, Trump’s tax cuts are the devil!”
You know, I spend a decent amount of time working on listening to both sides and trying to understand the liberal POV. I figure I would keep an open mind and it might keep me a bit more balanced. I often DO find myself thinkings, “That’s a good point”.
This, on the other hand, is insane. I just can’t even wrap my head around it. I’m at a complete loss of words.
This one is particularly bad. There are certainly good things about this bill with the corporate tax rate being one of them. Try to keep in mind that there are still very legitimate concerns. The examples being posted here are no different than perusing the comments section on Fox News. They are completely misinformed.
@juicedz4 - I turned on Maddow for a minute too. It’s pretty frustrating that she has as many viewers as she does. It’s like the counter balance to Sean Hannity except they’re both from the dark side.
hah yup. Id agree with the Hannity comment.
I failed to turn on CNN, but $1 says Id have heard the word Russia.
Dan
CNN - Russia
Fox - Hillary
Two sides to the same coin.
Sorry to interrupt the media hate train but I’m curious about some things when it comes to the corporate tax cut.
Does that 21% rate apply to repatriating money? (I’m guessing yes, but not sure) It will be interesting to see what bigger companies do with that money. The corporate tax cut is nothing short of a miracle. It’s hard to wrap my head around how much businesses will save during this. We need to have a good way of seeing how they use that extra money aside from the nice bonuses people are currently getting.
As much as they say they will grow and create jobs, we don’t have precedent for that.
Evidence from 2004, when a repatriation holiday allowed corporations to bring back overseas profits at a lower rate, provides a good case study. The 15 companies that brought the most profits back to the U.S. used them to buy back shares instead of boosting investment, and actually ended up cutting jobs and slightly lowering their research and development spending.
My guess is we are in a much different economy than back then and companies have a better reason to invest in growth. I still have 2 concerns, though:
1 - They will still do what happened in 2004 after the buzz dies down. (Not many companies have committed to long term salary growth for employees. Correct me if I’m wrong here.)
2 - They will use that extra money to make acquisitions and be closer to monopolizing their industries.
It’s silly to think these companies are doing this out of the kindness of their hearts. There’s an upside for them, which is fine. Just don’t want people dismissing everything else just because some big companies are giving out bonuses next year, ya know?
Thoughts?
Repatriation rate is 15.5% on cash, 8% on non cash assets.
Whammy
Surprised @LZ1 didn’t want to post the latest win about the travel ban.
An important part for everyone to understand:
Let’s start with what the Ninth Circuit opinion isn’t—it is not a judgment that the administration’s latest order is a “Muslim ban.” It is not based on President’s Trump’s bigoted rhetoric, either as a candidate or after taking office. It does not find that the ban covertly discriminates by religion. It does not second-guess the executive’s factual decisions about national security. And it is not a challenge to the basic doctrine of immigration law—that Congress has “plenary power” to limit immigration on any basis it chooses.
The article is a good read. Basically, this is separation of powers at work. The president can’t implement an indefinite ban because of some shit he saw on ‘Fox and Friends.’
At this point, why bother anymore? They originally wanted it to be a 120 day ban and it has now been 333 days. I’m guessing they’ll let this die quietly while riding the high of the tax bill. We’ll see.
Speaking of the tax bill:
With unemployment low and demand for new homes high, a company like Home Depot could be spending most of its surplus billions on raises for workers or the rollout of new stores.
Instead, the world’s largest home improvement chain this week announced that it is using $15 billion to buy back shares of its own stock, a move that will reward shareholders including chief executive Craig Menear and other top executives.
The more I think about it, the less hope I have for companies doing much that will help average Americans. It will do almost nothing at all for low-middle class Americans, that’s for sure.
Link for the WaPo article from Dec. 7.
79% of their rulings get overturned 
Speaking of the thing they do every year?
And weird the tax plan didn’t even pass till after the 7th :lol:
Yea, that’s why I posted the date with the link. You think any company would be stupid enough to make those claims now? The point is that they aren’t ‘re-investing to help the middle-class’ the way this bill was being sold to people. Businesses gonna business.
So the list we posted after the tax thing passed didn’t count?
But companies that buy back stock every year does? :lol:
Huh? I didn’t even say what they were doing is bad. Did you even read the article? :lol:
To add to this. Despite the article and what will most likely happen with a sudden surge in corporate profits, I’m still in favor of cutting the corporate tax rate. :tup: It’s just absurd to think the corporate tax rate part of the bill will help Joe the Plumber.
Joe the Plumber is a small business owner and this will DEFINTELY help him.
Sorry, forgot about Sarah Palin’s friend.
Let’s go with Ralph the plumber. He works for a plumbing conglomerate down state, likes football, beer, and shovels the snow for his neighbor Carol.
^ He probably files short form so he’s definitely getting a tax cut too.
guys, it’s settled now. Trump is invincible.
he could put his feet up for 3 whole years now and still win in 2020 off the tax bill alone… but he wont stop. he cant stop.
he’s already the most incredible living person after this last year. It’s only going to get better.
This whole thread is basically Everyone vs Paulo
Sent from my SAMSUNG-SM-G935A using Tapatalk
Mornin’ cupcake. Nice to have you back in the conversation again.
As you may not have noticed the conversation was about the corporate tax rate, not the individual tax rate. More specifically, it was about what companies will do with their sudden surge in profits. We have discussed the individual tax rate several times at length and there should not be any confusion about that. We all agree with the cuts people will get next year, which will definitely be a nice positive.
If you have something relevant to add about how companies will respond to this, (aside from the handful of companies that are giving bonuses and such) I encourage you to speak your mind. No one in this thread will predict the future, but it’s an interesting topic to discuss.
You noticed. :lol:
I don’t mind being a target. I’m still determined to have others speak their minds about the current state of politics so that I can understand them more than dispute them.
It’s a shame that the efforts by @LZ1 @JayS and even @Onyx_Z32 are 95% about just trying to prove someone wrong, not add to the discussion.
