Trump's $1.5T Corporate Tax giveaway has 0 impact on capex

[Anonymous]

https://www.reuters.com/article/us-usa-economy-investment/1-5-trillion-u-s-tax-cut-has-no-major-impact-on-business-capex-plans-survey-idUSKCN1PM0B0

The Trump administration’s $1.5 trillion cut tax package appeared to have no major impact on businesses’ capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the U.S. tax code in more than 30 years.

The National Association of Business Economics’ (NABE) quarterly business conditions poll published on Monday found that while some companies reported accelerating investments because of lower corporate taxes, 84 percent of respondents said they had not changed plans. That compares to 81 percent in the previous survey published in October.

So, basically a $1.5 Trillion handout to corporation went to the pockets of uber rich people without any gain to most of the Americans. The lost tax could have been used in healthcare, education, scientific research, housing for poor, infrastructure etc. Why is GOP against the well being of the country and why do non-ultra-rich republican voters still think GOP will help them, ever?

[Anonymous]

Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

[Anonymous]

Anonymous wrote:https://www.reuters.com/article/us-usa-economy-investment/1-5-trillion-u-s-tax-cut-has-no-major-impact-on-business-capex-plans-survey-idUSKCN1PM0B0

The Trump administration’s $1.5 trillion cut tax package appeared to have no major impact on businesses’ capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the U.S. tax code in more than 30 years.

The National Association of Business Economics’ (NABE) quarterly business conditions poll published on Monday found that while some companies reported accelerating investments because of lower corporate taxes, 84 percent of respondents said they had not changed plans. That compares to 81 percent in the previous survey published in October.

So, basically a $1.5 Trillion handout to corporation went to the pockets of uber rich people without any gain to most of the Americans. The lost tax could have been used in healthcare, education, scientific research, housing for poor, infrastructure etc. Why is GOP against the well being of the country and why do non-ultra-rich republican voters still think GOP will help them, ever?

Because Fox News has convinced everyone this will create jobs. Which is hasn’t, but that doesn’t stop them.

[Anonymous]

Where are the 1000s of responses who supported the Taxscam when it was being discussed?

[Anonymous]

If you think it was only 1.5 trillion I have a bridge to sell you.

[Anonymous]

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

[Anonymous]

Shouldn’t this have been obvious years ago?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

[Anonymous]

Anonymous wrote:Where are the 1000s of responses who supported the Taxscam when it was being discussed?

But the stock market is at an all time high..... oops.

Again.. we told you Trumpsters this would happen, along with the stock buybacks.

[Anonymous]

Anonymous wrote:Shouldn’t this have been obvious years ago?

It was.

[Anonymous]

I did a rough calculation based on my W-2s. I made about $1000 more in taxable income this year and my taxes went up by over $800 because I no longer can factor in my dependents. I only make about $63,000 in taxable income. This is insane an insane transfer of wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

Cut the corporate Democrat crap. BHO and co made the world safe for the same Ivy League bankers whose Ponzi scheme caused the crash. The erosion in many HH’s material conditions and their accompanying loss of trust in the system contributed greatly to Trump’s victory.

Your self-congratulation is sickening!

[Anonymous]

Anonymous wrote:I did a rough calculation based on my W-2s. I made about $1000 more in taxable income this year and my taxes went up by over $800 because I no longer can factor in my dependents. I only make about $63,000 in taxable income. This is insane an insane transfer of wealth.

Yes, it is French Revolution territory. The next 5-10 years will be extremely rough and scary if things don’t radically change soon....which they won’t. The fact that so many people are living paycheck to paycheck and so many contracting companies could keep up with medical insurance payments during the shutdown was extremely eye opening. Frightening!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

Cut the corporate Democrat crap. BHO and co made the world safe for the same Ivy League bankers whose Ponzi scheme caused the crash. The erosion in many HH’s material conditions and their accompanying loss of trust in the system contributed greatly to Trump’s victory.

Your self-congratulation is sickening!

Well in BHO’s defense he did try to get health care coverage for Americans that isn’t tied to jobs and also had a Republican Congress to block his every move. Trust me the GOP is the main force making Americans poor!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I did a rough calculation based on my W-2s. I made about $1000 more in taxable income this year and my taxes went up by over $800 because I no longer can factor in my dependents. I only make about $63,000 in taxable income. This is insane an insane transfer of wealth.

Yes, it is French Revolution territory. The next 5-10 years will be extremely rough and scary if things don’t radically change soon....which they won’t. The fact that so many people are living paycheck to paycheck and so many contracting companies could keep up with medical insurance payments during the shutdown was extremely eye opening. Frightening!

Meant could NOT keep up with insurance payments.