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Thread: Where companies' new tax savings will likely go

  1. #21
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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by Rogue Valley View Post
    Precisely. Both the WSJ and Fortune polled CEO's. Less than 25% said they would use the new tax bonanza to expand/hire.
    cutting operating costs (other than upper management) is big right now among executives. i doubt that they are going to reverse course on that even if we cut the corporate rate to ten percent. some small businesses might use part of it to expand, though.

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by Nap View Post
    Tell me again who voted against cutting taxes? It seems Democrat politicians are the ones who want to keep their hands on your wallet.
    Republicans have their hands on your Social Security and Medicare, your education and your medical benefits, your clean air and water. All of them they plan to not just pick, but strip away completely.

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by Rogue Valley View Post
    Precisely. Both the WSJ and Fortune polled CEO's. Less than 25% said they would use the new tax bonanza to expand/hire.
    Worse. The new tax code now encourages profit taking. So, they won't invest in rebuilding. They'll sell off.

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    Re: Where companies' new tax savings will likely go



    What I most dislike about the Trump/Republican tax plan is the shameless cynicism with which it has been peddled. Recall how it works: The government borrows $1.5 trillion over a decade and instantly uses that money to cut taxes for major constituencies ó workers, families, small businesses and big companies.

    The handouts aim to buy votes. This is borrowing to bribe. Itís not subtle. If itís not cynical, what would be?

    Democrats can scream all they want about inequality, but the Republicans will have plenty of money to distribute. The nonpartisan Tax Policy Center (TPC) estimates that all income classes will receive cuts and that, in 2018, only 5 percent of taxpayers will experience higher taxes compared with present law. The figure rises to 9 percent in 2025.

    Itís true that the biggest cuts go to the richest taxpayers, but the main reason for that is that these people pay most of the taxes. In 2018, taxpayers with $200,000 to $500,000 of income would represent 6.6 percent of taxpayers, pay 24.1 percent of all federal taxes and would receive a $6,560 tax cut, equal to 2.9 percent of their after-tax income, according to the TPC.

    By contrast, taxpayers with incomes from $50,000 to $75,000 represent 13.9 percent of taxpayers, pay 6.3 percent of all federal taxes and would receive a $870 tax cut, equal to 1.6 percent of after-tax income. . . .
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by calamity View Post
    Republicans have their hands on your Social Security and Medicare, your education and your medical benefits, your clean air and water. All of them they plan to not just pick, but strip away completely.
    It is simply a difference in how each view the role of government.

    Republicans would rather people keep the money they earn so that they can decide what is best for themselves.

    Democrats would rather make those choices for you by taking your money through taxes and issuing out services as a government program.

    I lean more to the Republican side of thinking because I think individuals have a better understanding of their needs then some politician that has never met them or in many cases never even been to their state.

    I will concede the clean air and water part though. I agree more with Democrats on environmental issues except when they take it to the extreme.

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by Nap View Post
    It is simply a difference in how each view the role of government.

    Republicans would rather people keep the money they earn so that they can decide what is best for themselves.

    Democrats would rather make those choices for you by taking your money through taxes and issuing out services as a government program.

    I lean more to the Republican side of thinking because I think individuals have a better understanding of their needs then some politician that has never met them or in many cases never even been to their state.

    I will concede the clean air and water part though. I agree more with Democrats on environmental issues except when they take it to the extreme.
    I think that is just the Republican line. I doubt they really roll that way because Republicans are pretty quick to impose their will on others when given half the chance. Abortion bans, sex bans, lots of cops, big walls along the borders, huge military, etc. They have no trouble spending your money. In fact, most of our deficits are the result of GOP administrations. See Reagan, Bush and now Trump.

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by calamity View Post
    I think that is just the Republican line. I doubt they really roll that way because Republicans are pretty quick to impose their will on others when given half the chance. Abortion bans, sex bans, lots of cops, big walls along the borders, huge military, etc. They have no trouble spending your money. In fact, most of our deficits are the result of GOP administrations. See Reagan, Bush and now Trump.
    Deficits are created by spending more than you bring in. While true that Republicans contributed by cutting taxes, Democrat spending plays a major role in that as well. Acting like the results are simply due to one party is simply partisan BS.

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by calamity View Post
    I think that is just the Republican line. I doubt they really roll that way because Republicans are pretty quick to impose their will on others when given half the chance. Abortion bans, sex bans, lots of cops, big walls along the borders, huge military, etc. They have no trouble spending your money. In fact, most of our deficits are the result of GOP administrations. See Reagan, Bush and now Trump.
    Obama added as much to the deficit as all other Presidents combined.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Where companies' new tax savings will likely go

    Quote Originally Posted by Jack Hays View Post
    Obama added as much to the deficit as all other Presidents combined.
    Obama was handed a mess, thanks to Bush starting two unfunded wars and presiding over a housing bust. If anything, Obama's first three budget years were spent bailing out the country from the rocks the Republicans steered the ship into. If you bother to look, you'll notice, Obama's deficit spending fell way off after those first few years.

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    Re: Where companies' new tax savings will likely go

    raising wages is a bad thing?

    and from the 'related link'

    Sixty-five percent of companies responding to a Bank of America Merrill Lynch survey say they would use at least some of the repatriated cash to pay down debt.
    65%, not all and 'use SOME of it'

    Meanwhile the headline says: "Here's what America's biggest companies plan to do with all that cash coming back to the US" As if they ****ing really knew.

    Talk about misleading and lying. So sick of this ****.

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