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Reply to "Trump's $1.5T Corporate Tax giveaway has 0 impact on capex"
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[quote=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 [quote]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.[/quote] 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?[/quote]
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