Quote:
Originally Posted by ColdNoMore
The bill should have come with assurances that the tax savings of corporations would truly go toward expansion/wage hikes...as was promised and predicted.
So far, only a small percentage have given bonuses or raised wages with the vast majority of companies saying that they are looking at increasing cash reserves and/or stock buy-backs.
Which certainly helps those of us who have substantial stock holdings, either individually or through 401K's/Roth's/Etc., but has a fatal flaw...as 50% of Americans do not own any stocks.
Simple common sense dictates that the only reason for a company to hire more workers or pay higher wages, is if unfilled demand is present (which if that were the case, they would do it regardless of whether there are additional incentives)...or that they can't hire the quality of workers they need.
Neither situation actually exists to justify that the vast majority of the tax cut benefits are going to those people/companies...who need it the least.
Only a small slice of corporate America has shared tax savings with workers so far - Jan. 2, 2018 |
Yep, and my problem has been that most of, if not all, of the deductions for corporations remain intact....while individuals lose so many....example.....nurses, etc used to be able to deduct cost of scrubs they need to work, along with many deductions for teachers. They go away, so please wait until you file 2018 taxes need April to make judgements on this.