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Thread: Passing of GOP tax plan leads to payday for corporate employees

  1. #11
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Kushinator View Post
    It was a negotiation with their union, the Communication Workers of America, not a result of a tax cut. This deal had been in the works for some time, and was agreed upon on December 13.
    I'm not sure what you're talking about. My son is represented in AT&T Southeast, which includes wireline workers. He's in the middle of a four-year agreement negotiated in 2015. So if anything was being negotiated on his behalf this month, he sure as hell wasn't aware of it. The newsletter from the CWA mentions that employees will receive a $1,000 bonus from the company, but notice that the letter you linked is kind of cagey about how it came about. The union president was "pleased to have negotiated additional money for members," but he never explicitly says it was THAT money. And if it was THAT money, then why didn't he mention it before today if an agreement was concluded on the 13th? The first word my son got about it came in the form of an e-mail yesterday from AT&T. He didn't hear squat from the CWA. One would think they would have been tripping over themselves to inform workers that they'd be getting a $1,000 bonus for the Holidays, but, alas, the silence was deafening. Of course, it makes sense for the union president to try to take credit for this bonus and talk up how he and his lackeys are so wonderful and worth every penny of union dues, endlessly struggling to help them get the "fair share" they're entitled to. It makes further sense when placed in the context that they're Democratic shills and hate Trump and are increasingly out of lockstep with the people they claim to hold near and dear to their hearts. Even the letter you linked mentions the usual Democrat arguments: a giveaway to "greedy" corporations and "the rich."

    Anyway, I did notice that AT&T Mobility concluded a contract on December 13th, with a component of the wage part of the agreement being a $1,000 lump sum. No mention at that point was made of it being a "bonus." So I don't know. Maybe someone is trying to conflate the two. But here's a fact: No mention is made in AT&T's statement on the bonus about it being the result of a negotiation with the CWA. But it is titled With Tax Reform, AT&T Plans to Increase U.S. Capital Spending $1 Billion and Provide $1,000 Special Bonus to more than 200,000 U.S. Employees).
    Last edited by Ahlevah; 12-22-17 at 01:04 AM.
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Ahlevah View Post
    I'm not sure what you're talking about. My son is represented in AT&T Southeast, which includes wireline workers. He's in the middle of a four-year agreement negotiated in 2015. So if anything was being negotiated on his behalf this month, he sure as hell wasn't aware of it. The newsletter from the CWA mentions that employees will receive a $1,000 bonus from the company, but notice that the letter you linked is kind of cagey about how it came about. The union president was "pleased to have negotiated additional money for members," but he never explicitly says it was THAT money. And if it was THAT money, then why didn't he mention it before today if an agreement was concluded on the 13th? The first word my son got about it came in the form of an e-mail yesterday from AT&T. He didn't hear squat from the CWA. One would think they would have been tripping over themselves to inform workers that they'd be getting a $1,000 bonus for the Holidays, but, alas, the silence was deafening. Of course, it makes sense for the union president to try to take credit for this bonus and talk up how he and his lackeys are so wonderful and worth every penny of union dues, endlessly struggling to help them get the "fair share" they're entitled to. It makes further sense when placed in the context that they're Democratic shills and hate Trump and are increasingly out of lockstep with the people they claim to hold near and dear to their hearts. Even the letter you linked mentions the usual Democrat arguments: a giveaway to "greedy" corporations and "the rich."

    Anyway, I did notice that AT&T Mobility concluded a contract on December 13th, with a component of the wage part of the agreement being a $1,000 lump sum. No mention at that point was made of it being a "bonus." So I don't know. Maybe someone is trying to conflate the two. But here's a fact: No mention is made in AT&T's statement on the bonus about it being the result of a negotiation with the CWA. But it is titled With Tax Reform, AT&T Plans to Increase U.S. Capital Spending $1 Billion and Provide $1,000 Special Bonus to more than 200,000 U.S. Employees).
    How bad do you want it? How much are you willing to lie to achieve this false success in the name of? Your facts are a failed numerator. Big companies will always do what best suits them, which has nothing to do with their workers. But please keep on feeding on the empty, until they drain US dry.
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  3. #13
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by grip View Post
    How bad do you want it? How much are you willing to lie to achieve this false success in the name of? Your facts are a failed numerator. Big companies will always do what best suits them, which has nothing to do with their workers. But please keep on feeding on the empty, until they drain US dry.
    How much am I willing to lie? Really? I'm transmitting a message to you through the ether at this moment. Did you get it? Where's the lie? What "false success" are you talking about? Two days ago my son received the following e-mail from the company:

    From: Randall Stephenson CEO
    Date: December 20, 2017 at 1:02:37 PM CST
    Subject: Tax reform provides more investment and special bonus

    To: All U.S. employees

    Today, Congress approved legislation representing the first comprehensive tax reform in a generation. The President is expected to sign the bill in the coming days.

    Among other things, it sets a 21% corporate tax rate for U.S. businesses, which is in line with the rest of the industrialized world. This new lower rate encourages businesses to invest more in the United States. And more investment creates more good-paying jobs and increases economic growth.

    Once tax reform is signed into law, we plan to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 of our U.S. employees — all union-represented, non-management, and 1st and 2nd line managers — as added recognition for their dedication and hard work. If the President signs the bill before Christmas, employees will receive the bonus over the holidays.

    Happy holidays!

    Randall
    So then yesterday, AFTER the company announcement, the CWA follows with a message in their newsletter insinuating that the membership can thank them for it. Union employees didn't receive squat from them about it until then. If this was part of a negotiation that concluded on the 13th, then why didn't the CWA announce it sooner? The CWA represents about 150,000 workers. What about the extra 50,000 non-union workers and lower-level managers who are getting a bonus? Was the union fighting for them to get their "fair share," too? I highly doubt it. But, of course, the Left can't have the public seeing a major corporation doing anything magnanimous, even a bonus that's a "drop in the bucket compared to what was promised," for its employees. After all, corporations are greedy, capitalist pigs. So now the false narrative that we can thank the union starts. There's your lie. "Fake news" is a good way to put it.
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Ahlevah View Post
    My older son is an installer for AT&T--Communications Workers of America. He's not rich, but those 1,000 Trump dollars will be real money in his pocket.
    AT&T is about to lay off thosands...

    AT&T Announces Thousands of Layoffs, Firings Just in Time for Christmas


    We are now in → Day 27 ← of the Trump government shutdown.

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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Rogue Valley View Post
    We have a dynamic economy. We're not like France, which has chronically high unemployment coupled with powerful public-sector labor unions (What are French President Emmanuel Macron's labor reforms | Europe | DW | 31.08.2017). The AT&T jobs being lost are in the wireline segment. Verizon has already sold off most of its wireline infrastructure to companies like Frontier Communications. It's largely a wireless company today. Let's face it: Many people just don't use landlines anymore. They use cellphones or VOIP systems that run through the Internet. In my son's case, he does it all: DirectTV, fiber optic, U-Verse, wireline--whatever. BUT he's hedging his bet that he'll be useful by taking advantage of IT classes being offered by the company. AT&T has already put its employees on notice that over the next ten to fifteen years or so, perhaps sooner, it will evolve its business away from copper POTS lines and even optical fiber cable to later-generation LTE networks. What that means from a practical standpoint is customers who call the company requesting Internet or phone service will get a box in the mail with an antenna that they stick out of a window and point at a tower or pole. There will be no need to dispatch a tech to install it. If it breaks, they'll order another one and send back the old one. This means fewer workers will be needed by the company.

    To the degree that there's resistance to this future, it will come largely from businesses and government. For example, a business customer my son dealt with wanted to change its security system. The problem was the system it wanted to buy depended on a POTS line, as do many traditional alarm systems. Many businesses also cling to facsimile technology for some reason. It sucks, but they still use it. Also many rural parts of the country depend on POTS because it isn't cost effective to install cellphone service where there are few customers who'll use it. So as long as there's demand for traditional phone service and high-speed fiber for Internet service, someone will be there to provide it. But, yeah, the handwriting is on the wall: copper telephone lines are the 21st-Century version of the buggy whip.
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Ahlevah View Post
    My older son is an installer for AT&T--Communications Workers of America. He's not rich, but those 1,000 Trump dollars will be real money in his pocket.
    ...and, how much did he get this year?

    Quote Originally Posted by Ahlevah View Post
    How much am I willing to lie? Really? I'm transmitting a message to you through the ether at this moment. Did you get it? Where's the lie? What "false success" are you talking about? Two days ago my son received the following e-mail from the company:

    So then yesterday, AFTER the company announcement, the CWA follows with a message in their newsletter insinuating that the membership can thank them for it. Union employees didn't receive squat from them about it until then. If this was part of a negotiation that concluded on the 13th, then why didn't the CWA announce it sooner? The CWA represents about 150,000 workers. What about the extra 50,000 non-union workers and lower-level managers who are getting a bonus? Was the union fighting for them to get their "fair share," too? I highly doubt it. But, of course, the Left can't have the public seeing a major corporation doing anything magnanimous, even a bonus that's a "drop in the bucket compared to what was promised," for its employees. After all, corporations are greedy, capitalist pigs. So now the false narrative that we can thank the union starts. There's your lie. "Fake news" is a good way to put it.
    ...and, how do you feel about this one year later?

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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Ahlevah View Post
    My older son is an installer for AT&T--Communications Workers of America. He's not rich, but those 1,000 Trump dollars will be real money in his pocket.
    Nice, except that bonus was long in the works before the tax cut.

    The way lower corporate tax rate was supposed to boost wages was long term — there will be more investment in the United States. Businesses might invest more overall, but they would also be more likely to invest in this country rather than overseas. Then as there’s more capital in the United States you would see labor become more productive. Employers, seeing that workers are more productive, would be interested in hiring more of them at the going wage. They would compete against each other to hire those workers, which would bid up the wages that they have to pay. And so you would see in the end an increase in capital, an increase in output or GDP, and an increase in wages. But all of this would occur over a period of time. The investment effects would come first, which would gradually build up the capital stock, and then you would see labor, productivity, and wages rising more gradually.

    What we saw was companies giving raises and bonuses that they already planned but giving the credit to the tax cuts.
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by RabidAlpaca View Post
    "Free" money from the government! How you going to pay for that, comrade?

    There's really only 2 options to make up for the increased deficit caused by this:
    1) Ignore it and blame the Democrats. A republican is in office so the GOP couldn't care less about the budget or deficits.
    2) Start cutting social security, Medicare and Medicaid to make up the difference.

    Either way, this massive transfer of wealth will be paid for by the average Joe. He can feel good about the miniscule check he received while the bulk of the cash flows into corporate coffers and he's left to make up the difference. But hey, what's good for corporations is what's good for America, right? They're going to start creating tons of very high quality, high paying jobs I'm sure.
    Free money from the Govt.? You signify what is wrong in this country today as that so called free money was earned by the employee and they are now allowed to keep more of it. Apparently in that liberal utopia everyone is an employee of the Federal Govt. thus all tax cuts are expenses to the federal govt. You people truly have a lack of understanding of the private sector and the role of the Federal govt.

    Do you people have any idea what corporations do with their money other than bury it in their corporate headquarters facilities?

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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by MTAtech View Post
    Nice, except that bonus was long in the works before the tax cut.

    The way lower corporate tax rate was supposed to boost wages was long term — there will be more investment in the United States. Businesses might invest more overall, but they would also be more likely to invest in this country rather than overseas. Then as there’s more capital in the United States you would see labor become more productive. Employers, seeing that workers are more productive, would be interested in hiring more of them at the going wage. They would compete against each other to hire those workers, which would bid up the wages that they have to pay. And so you would see in the end an increase in capital, an increase in output or GDP, and an increase in wages. But all of this would occur over a period of time. The investment effects would come first, which would gradually build up the capital stock, and then you would see labor, productivity, and wages rising more gradually.

    What we saw was companies giving raises and bonuses that they already planned but giving the credit to the tax cuts.
    Why don't you tell us what an employee should make at a major U.S. corporation? All this effort for equal outcome on your part without understanding of even how a corporation operates, their financial statement, their role in the community, their expenses including federal, state, local taxes and regulations. Wonder how people receiving dividends from these corporations feel about corporate profits?

  10. #20
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    Re: Passing of GOP tax plan leads to payday for corporate employees

    Quote Originally Posted by Conservative View Post
    Free money from the Govt.? You signify what is wrong in this country today as that so called free money was earned by the employee and they are now allowed to keep more of it. Apparently in that liberal utopia everyone is an employee of the Federal Govt. thus all tax cuts are expenses to the federal govt. You people truly have a lack of understanding of the private sector and the role of the Federal govt.

    Do you people have any idea what corporations do with their money other than bury it in their corporate headquarters facilities?
    You have no problem with spending other people's money as long as it's something you want. As we add hundreds of billions to the defense budget over the last few years you never ask how or why it should be paid for. Trillions of dollars wasted in Afghanistan and Iraq, yet you have no concern about how to pay for that. Conservatives always have enough money for wars and corporate subsidies but never enough for things that help actual Americans. Get your grubby mitts off my money.

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