Quote:
Originally Posted by 8notes
Matthew Gardner, a senior fellow at the liberal Institute on Taxation and Economic Policy, said companies have been sitting on large cash holdings for years that easily could have gone to workers before the tax cuts. Chicago-based Boeing, for example, had $8.8 billion at the end of 2016.
“If these companies had wanted to make these investments in their workforce, they could have done it before now,” Gardner said. “They’re trying to make an unpopular tax bill a little less unpopular.” And they are only sharing a fraction of their bounty.
And now AT&T follows up the "big" announcement with layoffs. What a f@cking joke.
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Why don't you explain what benefit their would be to companies that "sat" on their money...
Before you go down the "stupid trail" too far;
money deposited, less expenses = gross income.
Gross income less deductions = net income (the amount you are taxed on)
If boeing has 8.8 billion in cash, they were taxed on it the year it was deposited.
What the decision to invest that capitol does prove; is a lot of companies that had capitol, are now gaining confidence in the economy...must be a reflection of current verses prior President.
Too bad Obamma was too busy brown nosing the Clintons to make America great again!
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