Buyback of stock has started with T-mobile and Home Depot.
Corporate buyback of stock has already kicked into high gear.
I'm the treasurer of a $100M business. We already have enough people to run this business. A massive tax cut isn't going to translate into us running out to hire people. What we need is for our business to expand, and the only way that happens is if regular, middle class American consumer start buying more stuff. Given that this tax cut isn't going to help those people, it's unlikely we'll be doing anything with our tax break other than paying dividends to shareholders. That's reality.
Jerry Mandering Republican
Carrier, the company President Trump pledged to keep on American soil, informed the state of Indiana this week that it will soon begin cutting 632 workers from an Indianapolis factory. The manufacturing jobs will move to Monterrey, Mexico, where the minimum wage is $3.90 per day."" ""Over the past year, Trump has claimed he could maintain at least 1,100 of those jobs in the United States. But on Monday, the company gave official notice to Indiana officials that it would start laying off workers at the factory on July 20 and keep slashing staff until approximately 800 factory employees remain.""
Tax cuts will NOT stop Congress from spending!!!--We have a spending problem NOT a taxing problem!!!
Cut government spending!!!
One wonders.. With the markets at all time highs.. Unemployment low, increases in military spending on the horizon, more seniors retiring and tapping into social security and Medicare, and 21 trillion and debt.... Why is it exactly we feel compelled to do a tax cut?
GOP record with "TRICKLE DOWN" POLICIES = 1929, STOCK CRASH.....1987, STOCK CRASH........2007-2008, STOCKS CRASH !
How/why does a business hire more people if working-class consumers can't afford to buy its product?? There is NO supply without demand. Stop falling for the GOP congames, people! Think! Geesh.
I think the joke from chris rock about minimum wage applies here. "If I could pay you less, I would but its against the law!" What incentive do Corporations have to increase wages and higher more people if they are "getting more with less"? Its a sad fact that if you are an unskilled laborer, your behind the 8 ball and no amount of tax cuts will help. WE need more funding to education and vocational schools. We need to invest in retraining individuals to meet a modern work force.
M T Wallet
As a conservative, I am NOT impressed with the current tax bill in congress. I don't care how much you cut tax rates for the poor, if the rich are getting all the advantages then it helps only them. As mentioned by others, companies need to sell their products in order to expand and hire. If people cannot afford to buy, the economy stagnates. The rich, will always be rich. The investors of these corp. giants, are looking for returns on their money. Cutting taxes for them does what for the worker,, make us fell better ? Sales is what drives the economy. People with the disposable income to buy. If business wants to make money, they need to keep the worker spending.
if you are say younger than 50 and are expecting medicare and social security to be there in the same way it was for your parents you are going to be very disappointed....