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Political Discussion
Reply to "Inflation Reduction Act of 2022"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?[/quote] Actually no. It might reduce their profitability and it may reduce their stock buybacks, which will impact the incomes of the top executives. Companies will happily employ workers if it would be profitable to do so. I just love these simplistic takes. Somehow eliminating tax breaks is going to be “bad” for these companies. You trumpers hate socialism, right? Maybe eliminating corporate socialism is a good thing. Also increasing the IRS’s budget will allow them to go after more complicated and wealthy tax evaders. That’s how it’s more equitable. [/quote] +1 I have always found the notion of stock buybacks parasitical.[/quote]
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