Just consider it a few million crumbs.

Congratulations

Wrong - experts are giving that a huge question mark - Tax cuts in 1981 and the early 2000s widened deficits. With the new cuts the Treasury will be burning through cash reserves faster than usual. A shortfall of $136 billion is expected due to the tax cuts this year alone. Conservative estimates are that the federal deficit will increase by $2 trillion in the first 10 years. Very few economists are saying the revenue loss would be fully offset with revenue growth. The people spouting this magical thinking are politicians.

Coming up soon on the block.....cuts to Social Security & Medicare......that should balance the budget.

To me, this post seems more political than based in sound economic principles. U.S.Corporations paying less taxes puts them on equal footing with other world businesses in competition with them, allows them to make more money and disperse more money and hire more workers. A rising tide lifts all ships.

National debt
 

The National Debt is only an issue in the heat of a National election. Afterwards, it is no longer an issue. :pepper2:

Lol

Sound economic principles are based are arithmetic, not feel good platitudes. Most economists are saying the dollars and cents do not add up - for every dollar in cuts, economy activity would have to produce $5 to pay for itself, and that is highly unlikely to occur. The Committee for a Responsible Federal Budget supports tax reform but has observed that tax cuts in 1981 and the early 2000s increased deficits. History does not support this latest attempt.

Lol

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.

Not to worry, the government gives with one hand and take it with the other. They give you a reduction in the taxes you pay and then raise the interest rates so inflation kicks in great move thanks again Washington

Yes.....I was surprised yesterday at the speed in which this was reflected in the market.

Even so, that still beats 10 trillion-plus in 8 years. At least it is because Americans are seeing benefits from it instead of watching the debt rise because we keep shipping money overseas, in the name of "helping" them, to countries who hate our guts.

Sorta reminds me of gas prices in reverse; leap up overnight, go down pennies at a time. :jester: