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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (76866)	6/11/2018 11:03:18 PM
From: combjelly	2 Recommendations Recommended By bentway Sam Read Replies (2) \| Respond to of 359689

We know some of the numbers. Take Disney, one of the golden examples. About 6% might go to the employees, assuming they pay all they plan to. The rest went to dividends and stock buybacks. Did you know that Disney is increasing ticket prices? So you can't even say that 6% of the tax cut went to the employees... Don't get me wrong, 6% is better than 0. But it isn't like there is a huge windfall for the employees. You know, the people who do the actual work that brings in the money. These are publicly traded companies. That means the information is available, so don't pretend that it is some unknowable number. As to Walmart, npr.org Boom. Another hole in your argument. Can you not admit you are wrong just one time? This sort of stuff is absolutely hilarious. When I am wrong, I admit it. As I have done in the past. On the other hand, you have never admitted you are wrong. Despite mountains of proof. At best, you drop the subject for a while, and then some months later you float the same debunked bullshit again. And then claim ignorance when it is pointed out that was debunked. You really are a piece of work.

To: i-node who wrote (76866)	6/11/2018 11:24:31 PM
From: Mannie	1 Recommendation Recommended By bentway Respond to of 359689

cbsnews.com May 2, 2018, 5:00 AM Guess where the corporate tax cut money is flowing With public companies on track to shower a record $1 trillion on investors through dividend increases and share buybacks, Sen. Marco Rubio's recent suggestion that workers weren't getting much benefit from corporate tax cuts may sound truer than ever. "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," the Florida Republican told the Economist last week. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that they money's been massively poured back into the American worker." While a White House tally in February had at least 275 companies increasing worker compensation, and Americans for Tax Reform, a conservative group, pegs at 4 million the number of workers that have gotten bonuses or increased pay, Wall Street analysts who track corporate cash flows tell a different story. The GOP tax law drastically cut taxes on U.S. businesses, slashing the corporate rate to 21 percent from 35 percent, yet expectations that companies would increase their investments in labor or business expansions are not panning out. At least not in contrast to the rewards being heaped upon investors. For the current quarter, "buybacks are expected to increase, potentially setting a new record for the year, with total shareholder return [of buybacks and dividends for the S&P 500] topping $1 trillion for the first time," Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, wrote Monday. Rubio's take is "basically correct," David Santschi, director of liquidity research at TrimTabs Investment Research, told CBS MoneyWatch. Winston Chua, an analyst at TrimTabs, added that "U.S. companies are spending much more on cash mergers and stock buybacks than they are on hiring and pay increasings, benefiting top management and investors far more than the average worker." Companies repurchase their own shares as a means of lifting their market value, at least in the short haul. While a reward for shareholders, there's an argument to be made that the cash might be better spent on research and development with an eye on the longer-term picture. In the first quarter, corporate America committed $305 billion to cash takeovers and stock buybacks, more than double the $131 billion in pre-tax wage growth for both new and existing workers subject to income tax withholding, TrimTabs calculates. The full impact of tax cuts enacted in December have not yet been felt, but the trend in play the first three months of the year is not new. During the last five years, companies committed $4.9 trillion to mergers and share repurchases, or more than double the $2.3 trillion devoted to pre-tax wage growth, Trim Tabs found. Separately, a survey of business executives recently released by the Atlanta Fed found three-quarters of respondents indicated the tax legislation had not prompted any changes in investment plans for 2018. "If anything, these firms have revised down their expectations for the year," the regional Fed found in looking at plans for capital expenditures, which are fixed, one-time costs that companies make in equipment or land.

To: i-node who wrote (76866)	6/12/2018 12:15:34 AM
From: bentway	Respond to of 359689

CJ isn't wrong. If Trump wanted to give a tax cut to working people, he could have. But, he didn't. Trump worked the same tired, doesn't-work trickle down. Everybody in America knows it, except you Trump cultists.

To: i-node who wrote (76866)	6/12/2018 12:20:03 AM
From: FJB	2 Recommendations Recommended By James Seagrove Katelew Read Replies (1) \| Respond to of 359689

You are trying to explain stuff to people that don't care about facts, or learning... ------------------------------------------------------------------------- Business investment in the United States is on the rise. Bloomberg Markets reports that among the 130 S&P 500 companies that have reported results for the first quarter of 2018, capital spending increased by 39 percent—the fastest growth in seven years. taxfoundation.org Technology companies are driving a capital spending surge Capital expenditures are on track to post 25.9 percent growth in the first quarter, according to Thomson Reuters I/B/E/S, as of Tuesday morning. Much of that comes from a 59.8 percent projected growth in investments from information technology companies, the data showed. cnbc.com