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Old 05-17-2018, 05:45 AM  
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Trump’s Tax Cuts Didn’t Benefit U.S. Workers, Made Rich Companies Richer, Analysis

Trump’s Tax Cuts Didn’t Benefit U.S. Workers, Made Rich Companies Richer, Analysis Finds



Trump’s corporate tax cuts might not have trickled down to American workers in the way that he suggested they would.

Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or refunds, then through the trickle-down effect of bonuses and wage increases from their employers who receive massive corporate cuts. “Tax reform is working,” Republican House Speaker Paul Ryan said in January, mentioning Apple’s decision to reward a bonus of $2,500 in stock grants to some Apple employees. “Workers are coming home and telling their families they got a bonus, or they got a raise or they got better benefits.”

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

The study looked at corporate data, news reports and independent analyses of the top companies in the United States, which represent more than two-thirds of the gross domestic product, and analyzed changes in wages and share buybacks since the announcement of the Republican tax plan in December.

“There are too many disingenuous claims that the Trump and Republican tax cuts for corporations will trickle down to the middle class,” said Frank Clemente, executive director of Americans for Tax Fairness. “President Trump and Republicans gave huge tax cuts to big drug companies, big oil and other corporations, but corporations are giving back little—if anything—to working families,” said Clemente. “In fact, this [analysis shows] that 433 corporations out of the Fortune 500 have announced no plans to share their tax cuts with employees.”

The newest projections by the nonpartisan Congressional Budget Office found that the Republican tax plan led to, in part, a 2018 deficit $242 billion higher than previously estimated.

Roughly 36 percent of Americans approve of the Republican tax cuts, according to a March Quinnipiac University Poll and a CNBC poll found that 52 percent of working adults said they had not seen a change to their paychecks since the cuts were passed.

In January, Treasury Secretary Steven Mnuchin said 90 percent of all working adults would see increases in their paychecks because of the cuts.
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Old 05-19-2018, 11:48 AM   #181
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Originally Posted by BucEyedPea View Post
he needs to do more on illegal immigration including bringing up the issue of birthright citizenship.
More???? He has done NOTHING.
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Old 05-19-2018, 01:39 PM   #182
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Originally Posted by BucEyedPea View Post
Well, he is a RINO afterall. Unemployment has improved under Trump. There's that. Look, I know you're not happy with him, can't say I am but mainly due to one area—foreign policy. It's just not what he ran on. Now the Bushite NeoCons are running the show. There's even a silver lining in getting out of the Iran Deal—European leaders whining they can't depend on US anymore. I say good. His appointments seem to indicate he was never going to be that revolutionary or a major reformer. He still isn't ALL bad though he needs to do more on illegal immigration including bringing up the issue of birthright citizenship.
He will get plenty of that stuff once the democrats finally realize their obstruction is killing us.
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Old 05-19-2018, 02:55 PM   #183
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Originally Posted by Prison Bitch View Post
More???? He has done NOTHING.
You think it's literally nothing? I see that the courts have tied his hand, cities as well. There's not enough in congress for him to get what he needs. He at least is enforcing current laws. I agree his praise of DACA folks was sickening, but at least he canned it. I agree his signing the omnibus bill was a wrong move, and it looks as though he wants military money for foreign policy more than he does securing our own borders, since he's escalated everywhere.
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Old 05-19-2018, 02:59 PM   #184
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Originally Posted by King_Chief_Fan View Post
He will get plenty of that stuff once the democrats finally realize their obstruction is killing us.
Well the Democrats are NOT going to do that. Right now, many of the Republicans aren't helping him either. Look at that amnesty push in Congress right now for one. Look at the Omnibus bill a big fat pile of spending. Trump won because people were disgusted with both parties. So the Republicans continue doing a lot of the same things that cost them power before Obama and paved the way for Obama to get in with a D majority. Now the Rs are out fundraising the Democrats, but a lot of it is open-borders Koch money with Chamber of Commerce Republicans running.
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Last edited by BucEyedPea; 05-19-2018 at 03:12 PM..
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Old 05-19-2018, 03:07 PM   #185
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Originally Posted by BucEyedPea View Post
You think it's literally nothing? I see that the courts have tied his hand, cities as well. There's not enough in congress for him to get what he needs. He at least is enforcing current laws. I agree his praise of DACA folks was sickening, but at least he canned it. I agree his signing the omnibus bill was a wrong move, and it looks as though he wants military money for foreign policy more than he does securing our own borders, since he's escalated everywhere.
You didn't list anything that rebuts my point. Looks like you reiterated it
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Old 05-19-2018, 03:16 PM   #186
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Originally Posted by Prison Bitch View Post
You didn't list anything that rebuts my point. Looks like you reiterated it
Not really. I was explaining how some things require the consent of congress and disagreeing with the words "literally nothing." I knew he'd have a battle with congress when he ran. But he has been enforcing current laws ( meaning immigration which is down). He did put the Guard on the border. So I was He did cut regulations, he did get us out of the TPP, he did pass tax cuts. So it's not "literally" nothing. He hasn't done enough and he has re-negged on some things.
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Old 05-19-2018, 06:58 PM   #187
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Originally Posted by BucEyedPea View Post
Not really. I was explaining how some things require the consent of congress and disagreeing with the words "literally nothing." I knew he'd have a battle with congress when he ran.
If he can't accomplish anything with a GOP congress, then he's an ineffective President.

Quote:
But he has been enforcing current laws ( meaning immigration which is down).
Immigration isn't down. Border crossings this Spring are right back to Obama levels.

Quote:
He did put the Guard on the border.
And they let the Caravan waltz right in. Is that your best "accomplishment"?

Quote:
So I was He did cut regulations, he did get us out of the TPP, he did pass tax cuts. So it's not "literally" nothing. He hasn't done enough and he has re-negged on some things.

Those have nothing to do with immigration.
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Old 05-19-2018, 10:19 PM   #188
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If you're going to quote/paraphrase someone, you need to give them credit.

"I think that if rape is inevitable, relax and enjoy it." - Bobby Knight.
Bobby Knight wasn’t the first person to say that. He just repeated it.
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Old 05-19-2018, 10:51 PM   #189
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Originally Posted by Lex Luthor View Post
Bobby Knight wasn’t the first person to say that. He just repeated it.
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