Author Topic: Congress' tax reform bait-and-switch  (Read 969 times)

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Online corbe

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Congress' tax reform bait-and-switch
« on: May 17, 2018, 09:02:05 pm »
Congress' tax reform bait-and-switch

By Chris Macke, opinion contributor — 05/17/18 04:15 PM EDT
 

Americans were promised an avalanche of jobs and tsunami of wage growth if tax reform was passed. However, nearly five months after passage of the tax bill Americans are left waiting for those jobs and wage growth while the national debt and stock buybacks keep piling up.

What do you do as a member of Congress if you promoted and voted for the tax bill that promised jobs and wage growth but still haven’t occurred in a meaningful way? You sell the American people on something else — stock buybacks.

While jobs and wages growth were the justification cited for a massive increase in the debt burden placed on the American people, that is no longer the focus of the supporters of the tax bill. Suddenly, stock buybacks are the economic elixir Americans should have been seeking all along.

<..snip..>

http://thehill.com/opinion/finance/388201-congress-tax-reform-bait-and-switch
No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline edpc

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Re: Congress' tax reform bait-and-switch
« Reply #1 on: May 17, 2018, 09:19:18 pm »
Put tax rates back to where they were for companies that aren’t increasing hiring and increasing wages. If the purpose of cutting corporate tax rates was to provide companies an incentive to hire and increase wages, then fix the mess they passed and tie each company’s tax rate to each company’s rate of job creation and wage growth.


Last summer, my employer sent out a mass email that our annual raise was on hold.  This past March, they did their calculations on what the new tax law meant for them and compared it to their business plans for the year.  We ended up getting a nice increase, along with a couple new projected product launches. 

So, while they seemed to follow the advice of the author, I don't subscribe to the notion they're obligated to.  Some of the better talent may be drawn away from businesses that choose another path.  The market will likely pick winners as better goods and services are produced and purchased.  The government shouldn't be stepping in to mandate a corporation's windfall.
I disagree.  Circle gets the square.

Offline Wingnut

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Re: Congress' tax reform bait-and-switch
« Reply #2 on: May 18, 2018, 12:22:48 am »
The daily #corbehatetrump thread.   888high58888
I am just a Technicolor Dream Cat riding this kaleidoscope of life.

Offline Fantom

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Re: Congress' tax reform bait-and-switch
« Reply #3 on: May 18, 2018, 01:01:55 am »
The daily #corbehatetrump thread.   888high58888

Now now.... Trump done be had hisself a Porn Star.... I no Corbe is down wit that. Hooowee.

Yes, I have been watching the original Beverly Hillbillies on Amazon..deal with it. Still on season 1.
Those who profess to favor freedom, and yet deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning, they want the ocean without the awful roar of its many waters.

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Offline RoosGirl

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Re: Congress' tax reform bait-and-switch
« Reply #4 on: May 18, 2018, 01:09:00 am »
The daily #corbehatetrump thread.   888high58888

I missed where this article talks about Trump.  Can you tell me where it is?

Offline endicom

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Re: Congress' tax reform bait-and-switch
« Reply #5 on: May 18, 2018, 01:17:08 am »
It's been five whole months and we've not attained economic paradise? Where is our Mao to save us?

Stock buybacks? What in the name of Great Satan is going on here? Are individual companies making their own decisions as to how to proceed? Where is our Mao to save us?


Offline edpc

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Re: Congress' tax reform bait-and-switch
« Reply #6 on: May 18, 2018, 01:30:11 am »
Where is our Mao to save us?


Never going to happen.  Too many Americans take MAO inhibitors.
I disagree.  Circle gets the square.

Offline endicom

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Re: Congress' tax reform bait-and-switch
« Reply #7 on: May 18, 2018, 01:52:17 am »

Never going to happen.  Too many Americans take MAO inhibitors.

monoamine oxidase inhibitor any of a group of drugs that inhibit the action of monoamine oxidase, the enzyme that breaks down norepinephrine and serotonin, prescribed for their antidepressant action; the most widely used ones are isocarboxazid, phenelzine, and tranylcypromine. They are also used in the prevention of migraine.

Offline Fantom

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Re: Congress' tax reform bait-and-switch
« Reply #8 on: May 18, 2018, 03:04:08 am »

Never going to happen.  Too many Americans take MAO inhibitors.

I'm old school.

CH3CH2OH
Those who profess to favor freedom, and yet deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning, they want the ocean without the awful roar of its many waters.

Frederick Douglass

Offline edpc

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Re: Congress' tax reform bait-and-switch
« Reply #9 on: May 18, 2018, 03:59:54 am »
I'm old school.

CH3CH2OH


Ethyl is on friendly terms with many.
I disagree.  Circle gets the square.

Offline Wingnut

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Re: Congress' tax reform bait-and-switch
« Reply #10 on: May 18, 2018, 08:55:23 pm »
I missed where this article talks about Trump.  Can you tell me where it is?

@RoosGirl, Girl, Does it really matter.   :whistle:
 :nometalk:
I am just a Technicolor Dream Cat riding this kaleidoscope of life.

Offline RoosGirl

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Re: Congress' tax reform bait-and-switch
« Reply #11 on: May 18, 2018, 09:03:10 pm »
@RoosGirl, Girl, Does it really matter.   :whistle:
 :nometalk:

Hell yeah it does!  There's plenty to bust @corbe 's balls about without having to make stuff up.

Offline RoosGirl

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Re: Congress' tax reform bait-and-switch
« Reply #12 on: May 18, 2018, 09:12:14 pm »
@RoosGirl, Girl, Does it really matter.   :whistle:
 :nometalk:

PS  Do you have a twin?