I own a blue collar small business, and all my competitors are crowing about how great the new corporate tax rate is going to be for their business. They all own LLC's. |
My DS is in his mid-20s and somehow tolerates a few MAGA friends in PA. One of them has a gf who works for FEMA and she and her MAGA bf are afraid she’s going to lose her job. We hosted a group of them last weekend during a visit to the area and from I gathered she isn’t of the same political persuasion as the bf. |
The stock market is rallying. No one else sees this as economic doomsday.
And, these cuts affect DC based feds a lot more. Feds outside of DC might lose their job, but their community will remain robust. Real estate won't crater, and the job market will won't be oversaturated the way it will be in DC. DC feds are hosed. RIP the job market, real estate market, tax base, etc. |
Exactly. Dumb AF. The majority work outside DC and universities that get fed funding for research have to cut. Many of these are in MAGA land and confederate country. WSJ had a story. |
Well, he lost out on a large project, and likely more once word gets around. That’s literally the FO part. |
You know that all the farmers are getting screwed by USAID being destroyed. Now they’re going after SNAP and WIC, which are food benefits but really they’re AG benefits to farmers as well. |
It's not at all surprising that you and your friends would be happy to lose business income while your tax rates on that lower income go down. |
There's a reason most of WIC is dairy...formula, cheese, milk. It's really just a massive dairy industry subsidy. I'm sure those farmers all voted for Kamala though. |
+1 Companies will be reducing their spending. And inflation will continue to go up. -former LLC owner |
Most government workers are not located in the DC area, and they are not all Democrats. |
The largest expenditures are in DOD, which they probably won't cut much. |
Aw, is a county that voted for Trump going to be in financial trouble due to Trump? As non-working Ivanka Trump said about work: "Find Something New!" https://www.cnn.com/2020/07/14/politics/ivanka-trump-find-something-new-unemployment/index.html |
Goodbye, U Alabama! |
I am eagerly waiting for ICE raids at dairy farms in the Midwest and vegetable farms in California, they are all big Trump voters snd they all rely on immigrant labor. They think they are untouchable. I hope they are not. |
That's interesting. I've heard some small businesses are losing business, especially contractors. The looming recession will make it worse. I'm not sure what a blue-collar business is? A vending machine business might do well, but a paint store might not. |