US Taxpayer already suffering effects of Trumps tax disaster
 

Six American businesses announced on Wednesday that they would both be investing hundreds of millions of dollars
in their employees because of Republican tax reform bill that the Senate passed on Tuesday night.

1. AT&T announced they would “invest an additional $1 billion in the United States in 2018 and pay a special
$1,000 bonus to more than 200,000 AT&T U.S. employees.” AT&T further noted that if Trump signed the bill
before Christmas that the company will receive the bonus over the holidays.

2. Boeing will invest an additional $300 million in three areas that will directly benefit their employees.
Dennis Muilenburg, President, and CEO of Boeing praised the new tax reform bill, saying that it is critical for Boeing sustained long-term growth.

3. Wells Fargo will increase their minimum hourly pay rate to $15, and will "aim for $400M in philanthropic
donations next year due to the newly-passed GOP tax bill."

4. Comcast announced that they will give $1,000 bonuses to over 100,000 "eligible front line and non-executive employees"
& invest $50 billion over the next five years in infrastructure "based on the passage of tax reform."

5. Fifth Third Bancorp, a bank headquartered in Ohio, announced that they would raise the minimum hourly wage for all
employees to $15 following the tax reform bill and would give a one-time bonus of $1,000 to more than 13,500 of its employees.

6. FedEx announced that the company will ramp up hiring in response to the tax bill.

God save the country from this terrible president.

INSTANT BOOM: American Businesses Announce Major Bonuses For Employees Because Of Trump Tax Reform | Daily Wire

How much money are they giving to the Russians? It is our day today, the people who love this country and read and listen to the foolishness of many. Carry on. All your tears couldn't drown out our progress. Carry on you fools.

The republicans told you for 8 years Obama care would ruin the economy. There has been nothing but increases in employment every month. They were wrong. They also told you it was sacrilege to increase the debt except when they are in charge. It's simple, when they cut taxes with out cutting spending it's the same as when the credit card company says it's ok to skip next month's payment. You still will have to pay the debt but now with increased interest. Lower tax rate for the top earners, cuts in inheritance and special treatment for real estate investments, explain to me how Trump won't benefit from the new tax plan. He lied to you and your cuts are set to expire. I didn't and wouldn't vote for him but I'm glad you did. My income is 300k so I feel safe the new tax plan won't hurt me.

Everybody just seems to want to polish the theme the democrats and the media are pounding every day....the tax cut is for the rich.....

All the while FAILING to present the advantages for the non-rich. They also fail to discuss the rich democrats (but they won't bring that up either).

Anti-Trumpism at it's finest

The way you wrote that paragraph, I doubt you make 300k.

Obama made 10 trillion disappeared. His employment numbers were fixed and wages were a joke.

Yes. Iran and North Korea did well under Barry.

Hezbollah had their best 8 years ever, thank you President Obama.

You DO know that WE will pay for ALL those added benefits? Fees will go up, interest paid will be reduced. The CUSTOMER ends up paying for EVERYTHING a corporation does.

It didn't "disappear"...it went into his "friends" pockets! WHY do you think he's so popular? Because he's smart? Black? No...he gave a LOT of people a LOT of money.

Especially the sorority Canadian friend that got the contract for Obamacare start up and it didn't work and Microsoft or apple? had to bail them out. IMO You would think an American company would of got contract for American needs when taxes payers are flipping the bill. IMO that's one of the may reasons it AFU. IMO the other was Insurance Lobbyists wrote Obamacare and "they" Senate Didn't even read it" remember the most stooped political comment EVER made on National TV by the DNC ranking member and majority head of the senate. "WE HAVE TO PASS IT TO SEE WHATS IN IT" Anybody member of that party is well Lacking Brains, nicest thing I can say:22yikes:

You can't reason with the right wing. They have their own set of pseudo facts they get from Faux news. But the bottom line is they are hypocrites. President Obama kept the country from going under, financially, with his economic plan. It worked. Jobs rebounded, and the country, when he left office, was at almost full employment. Critics complained mercilessly about the run up in the national debt. Now Trump and his co-conspirators want to give payback to his donors in the form of tax cuts. They have done so, and all analyses point to an even bigger increase in the national debt. it is just sickening. Of course Trump and his businesses will be big winners in the new tax scheme. How predictable.

You stupid f@ck...it DOESN'T MATTER WHO THE PRESIDENT IS...as long as he's a D or R...WE get f@cked.

Obama BOUGHT an "economic recovery" with f@cking $10 trillion of debt. Enough debt to make TWO stacks of $1 bills that would reach the f@cking moon.

Trump with do the SAME f@cking thing...only he'll spend for different reasons. Trump will double the debt AGAIN if he lasts long enough.

You people are f@cking retards.

The only answer I can give you is I am 66 and won't take ss until I have to. When they say the country is in debt and we need to trim entitlements I'll say a prayer for you, I don't need it. It's going to be dejavue all over again. Just like Nixon when you realize he lying your going to be very disappointed.

You are a great communicator.

Can you explain to me the advantages in cutting taxes without cutting spending? It same as not making a monthly credit card bill. You still have to pay it but now there is more interest. as far as it will pay for itself, if it so great an idea why don't we cut taxes 10 fold so we all get rich.

Well dougie...what we do and what we continue to do is...simply take out ANOTHER loan...float some more bonds...to pay.

We OWE $20 TRILLION...we're SHORT over a $1 trillion each year. We BORROW 1/4 of the federal yearly expenses.

To stay alive, they'll keep borrowing. They get another credit card to pay the interest only on the 1st. We have a LOT of credit cards now. Every time they raise the debt ceiling...and they WILL raise it again...it's like the government getting another new credit card to run up a balance on...that they CAN'T pay...just like all the others before it.

Increases in employment during the Obama administration were minuscule and didn't keep up with the increases in our population. Since the election of President Trump, our economy has been growing faster than it had in over 50 years.

A rise in the debt does not correlate with a cut in taxes. It is not as simple as you make it out to be. Every time taxes have been cut in the past, from JFK to Reagan to Clinton, revenues to the government have increased. Every single time! The reason that we have deficits and this debt is that Congress outspends that additional income. The reason that Congress spends too much is that we don't have a balanced budget amendment. We don't have a pre-set amount that they are allowed to spend. That's like you ignoring the fact that your income is $300k and deciding to spend $400K anyway. You do this year after year and you develop a huge debt.

The plan has lowered the rate for corporations so that our corporations can compete with corporations in other countries. Corporations were deciding to do business elsewhere because they couldn't compete while being based here. We've already had several companies return and invest here. That translates to more jobs. That's simple.

As GOP hands them billions, Wells Fargo CEO admits he won’t help workers
 

As GOP hands them billions, Wells Fargo CEO admits he won't help workers | Shareblue Media

Attachment 73221

I thought they were going to???

Sure, it's actually not that difficult to understand if you have an open mind.

And no, it's not the same as paying the minimum on your credit card bill.

Lowering corporate taxes gives corporations the incentive to base their operations here as opposed to countries where the corporate tax rate is much lower. That creates more jobs in this country. All of those workers pay taxes. Also, the corporations make more of a profit. They are tax on the amount of profit that they make.

Also because more companies are doing business here, more people are working and paying taxes. Albeit at a lower rate.

A lot of people look at this as a zero-sum game. It is not. The way a lot of people see it is that there is a pie and the government is going to take a smaller piece of that pie so how can they make more money. The answer is that by cutting taxes, we make the pie bigger. They take a smaller percentage of a much bigger pie. The net amount is more than the larger percentage of the smaller pie.

But, I do agree that government spending is completely out of control. Unfortunately, Congress uses spending as a way to get re-elected and to keep their party in power. It's often said that most Americans hate Congress, but love their representative and senator. That's because the reps and senators, "bring home the bacon". They bring money back home to your state and district. The bring projects and jobs. The problem is that the bacon that they bring home was called pork when it was attached to whatever unrelated bill that they stuck it on. Much of these projects are unnecessary or should be dealt with on the state level. But then they wouldn't get any credit. So they take money from the state, take out a percentage and then "bring home the bacon".

All of this takes place because we don't determine a firm budget at the beginning of the year. We need a balanced budget amendment to the Constitution if this overspending is ever going to stop. We need to determine how much we're going to take in and how much we can spend. Then that amount needs to be divided up. It's the same way you run your household. It's the same way that businesses are run. These are simple rules of budgeting, but our government doesn't play by rules. This tax cut will increase revenues to the government like every other tax cut has and Congress will spend more than they take in.

Actually reducing the corporate tax rate to zero would reduce prices on consumer goods and services across the board.

People need to start understanding that blaming the big bad corporations for not paying enough taxes is political theater. it's helpful if you understand that corporations and other businesses don't actually pay taxes. They simply collect the money from the ultimate consumer and pass it on to the government. All tax money that makes it's way into the hands of the government comes from the ultimate consumer. It's built into the price of goods and services. Corporate tax is actually nothing more than a big sales tax. You and I pay the coroporate taxes. Get rid of corporate taxes and prices of consumer goods and services would come down across the board, effectively putting more money into our pockets.

Obama was busy paying off the two wars Bush put on the credit card, pulling the nation out of the worst recession in its history, rescuing the auto industry, and giving the orders to take out bin Laden.

Iran and North Korea were pretty darn quiet when Obama was President, because they feared the United States. Now that they know this country is run by a moron, they feel free to act up.

A company making significant profits in a foreign country is not going to move back to the USA just to pay less taxes -their labor costs are less overseas, their factories are overseas...why pay to move? Do you think Ivanka and Trump will move their factories away from China, Mexico, and Indonesia where they pay workers $62 a week?

And every single time that tax cut has been followed within a year by a recession.

Tax cut could push the U.S. into recession, says Paulsen - MarketWatch

The Republican Tax Plan Is a Recession Waiting to Happen | Vanity Fair

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds - The Atlantic

I thought you were happy with the tax cut (That's what you said in the main street media thread)...seems as though you were you lying.

I hope we are going to cut spending...lets start with all those entitlement programs...work or starve by gosh!

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Obamma was busy playing golf and brown nosing the Clintons. That stupid fvck rescued the unions of the auto industry (he screwed GM Senior Bond holders out of the money GM owed them).

You think Kim built that NK rocket program in the last 6 months??Obamma sucked North Korea's cock for 8 years while they built that program.

Obamma was no hero!


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"Why pay to move?"
Because it costs money to ship the product to the USA...

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You better sell your inefficient home built on a swamp, and buy precious metals like gold and silver!!

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Because Congress overspent their income. Every tax cut produced more revenue for the federal government.

That certainly might be true with some companies, but we've already had several companies state that they will now be investing money in opening facilities here instead of going overseas.

Payroll is one cost of doing business, but locating managers, supervisors and other personnel in a foreign country is also very expensive. Then as has been mentioned there is the cost of transporting products from halfway around the world back here to be sold.

Maybe companies won't be moving overseas facilities back here right away, but there's more incentive if they intend to open new facilities, to open them here now. We had the highest corporate tax rate in the world. It made it very difficult for companies to do business here.

I think that some of Trump's companies might come back here if they see that they can make more or the same profit. Why would a company want to go through the hassle of operating a business in a third world country if it was no more profitable?

Sixty-Two dollars a week in some countries is a livable wage by the way. There are millions of people in the world who would love to make $62 a week.

I give you credit Doctor.

These people do not understand economics and certainly zero about the third world.

Wait till they see the 3rd quarter 2018 economic numbers. They will all be off the charts, especially the hard asset expenditure.

Just in time for the big midterm exams!
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Re: Russians
 

STOP TO THINK- In our PRESS that we all rely on for VALID information, the RUSSIANS have changed from being our ally to being evil incarnate. THEY HAVE NOT CHANGED-OUR PRESSE'S MANIPULATION OF YOUR THOUGHTS HAS.

As to the current CLAIMED Trump CLAIMED collaboration with the Russians. STOP TO THINK-why would the Russians prefer Trump in the White House over Hillary?
The Hillary Obama deal to sell/GIVE 20% of America's uranium to the Russians confirms SHE can be HAS BEEN BOUGHT.

HOW SAD THAT IN YOUR MIND ANYONE WHO DISAGREES WITH YOU IS A FOOL.

None is so simple as these posts
 

Much of manufacturing etc is now done by robots. It does not cost any more to run a robot in the United States over running it in China etc.

The pay raises that some cheer. The fact that our Fed says they want a 2% rate of inflation-they are related. If, you want a rude awakening look up the national debt clock. Look at what the AVERAGE American as saved and what he owes. It is an average. As I recall, look time since I could collect my courage to look. Savings was $2,000 debt was 180,000. At 2% inflation he looses
2,000x .02=40 but what he owes IN REAL DOLLARS is reduced by 180,000x.02=3,600. As to debtors, the acknowledged national debt is 20 TRILLION DOLLARS-hum at a 2% reduction in REAL DOLLARS.

WHY do they so fear disinflation? The REAL VALUE of the dollar ould go up. You could buy more with each dollar.
Why the fear re-read above average American has 2,000 saved and owes 180,000.

When it gets to the TEN TRILLION that the Obama administration ALLOWED to be added to the national debt-YOUR SHARE IS 85,000.

We are coming to the new budget under the Trump Administration. The PLAN is to add still more to the national debt-print valueless money. This was all done before. German currency from WWII even the German GOVERNMENT will not honor it. You can buy that scrap paper on the internet. PERHAPS, we should all buy some and frame it to remember what will happen.

Actually, the Reagan tax cuts produced the highest % deficit ratio of GDP in history. He then RAISED taxes 4 more times......What we learned from Reagan’s tax cuts

I hope that that will be enough. What really determines how people vote is their pocketbooks. If the midterms were going to be held after April 15 of 2019, I'd feel a lot more confident. the problem is that the Democrats with the help of the media are going to keep banging away with lies and distortions about what's going on. If they can't do that, they try to keep the Russia nonsense going. Most Americans really don't understand very much about economics so they'll tend to believe the talking heads and the Schumer, Pelosi lies.

Time may be on the side of truth and justice. Much more will be uncovered with regard to these illegal fisa warrants and Hezbollah, FBI corruption excetera excetera

Unfortunately it's like pulling teeth, but the timing may work out

You are delusional!

Again, deficits are caused by spending more money than you take in. A balanced budget amendment would end deficits.

We don't have an income problem, we have a spending problem. Congress loves to spend money because it keeps getting them re-elected. What we need to stop this downward spiral are a balanced budget amendment and term limits.

balanced budget amendment and term limits will be the focus of trumps second term.

And lobbyists too

If you don't need it then you shouldn't be eligible to receive it. SS was for the poor hard working class that majority wasn't expected to live pass 65. (But then the carpetbaggers found out the could panhandle for votes to stay in office, so entitlements was added to create voting base). Anybody that's got million dollars in assets should be exempt. Cause somewhere along the line they cheated, stole, or flip flamed somebody out of there hard earned money ( the three things that makes good lawyer) SS is not entitlement for those that EARNED it. It only entitlement for the ones that leach off it.

They took my money for 48 years, now time to play me for 15 if I am lucky. Save your prays for yourself. You will be just as dead as me and all that money not going to prevent it, but might make pretty head stone for the birds to crap on.

Only a FOOL would believe that anyone, up to and including the President of the United States, would have the ability and the authority to sell/give one ounce of our uranium to any other country. No uranium has ever left this country. Get with the program, that conspiracy theory is old, just like all the other scares that you snowflakes fall for:
Obama's wiretapping
deep-state FBI agents
Seth Rich
Pizzagate
the false-flag Newtown massacre
Clinton-Lynch tarmac meeting
Soros-funded Charlotttesville false-flag murder
Benghazi
Vince Foster's murder
Obama's shadow government
the Joe Scarborough murder case

What's next on your fear-fueled overheated imaginative little minds?

A family of four prior to the tax changes would have had a standard deduction of $12,700 and four exemptions worth $16,200 combined, so their first $28,900 would be tax-free. Under the new tax law, they would just get the $24,000 standard deduction, making an additional $4,900 subject to income taxes. But the good news is, if a couple passes on an estate valued at $25 million and they leave $3 million or more to charitable causes in their will from their estate, their heirs would pay no tax at all on this inheritance.

Which family of four pays more tax?

The top 1% pay half of all federal income (I might be in top 4%). We worked hard to get our degrees. Worked in manufacturing (including long stints on 2nd and 3rd shift) for 40 years. We always were conservative with our money and invested well. We were lucky but we worked hard. I only mention my income level because while this tax change made me a lot of money on my investments I think Trump economic policies will hurt this country in the long term (I have a science and business degree). If you put a means test on SS the top incomes who pay most (the top 50% pay 97% of all federal income tax) will drop its support for it and it will slowly die. Look at the math and I think you'll see the republicans are not friends of seniors.