The Trump administration's $1.5 trillion tax cut package appeared to have no major impact on businesses' capital investment or hiring plans
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https://www.nbcnews.com/business/economy/1-5-trillion-tax-cut-had-no-major-impact-business-n963411
"A large majority of respondents, 84 percent, indicate that one year after its passage, the corporate tax reform has not caused their firms to change hiring or investment plans," said NABE President Kevin Swift.
The lower tax rates, however, had an impact in the goods producing sector, with 50 percent of respondents from that sector reporting increased investments at their companies, and 20 percent saying they redirected hiring and investments to the United States from abroad.
If you forgot, 84% of the value in the stock market is owned by 10% of the people. Well in 2016 anyways, the percentage has probably gone up since then. So what do corporations expect to do with their tax saving this year? Well more stock buy back of course.
https://www.nber.org/papers/w24085
https://www.barrons.com/articles/expect-more-stock-buybacks-2019-51548454808
The back story: 2018 brought $938 billion in buyback announcements among S&P 500 companies, a record total and almost double the number in 2017. That continued a trend that has dominated the current economic cycle.
The plot twist: Expect the buyback strength to continue in 2019, Lakos-Bujas wrote in a note on Friday. He predicts that S&P 500 companies will announce another $800 billion in buybacks this year, and that just like in 2018, the purchases will mainly be funded by cash, rather than debt.
Debt-funded buybacks accounted for 14% of the total in 2018, down from 34% in 2017, partly thanks to the Trump administration’s tax overhaul.
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Trickle down doesn't work in a global economy where you can sit your money in tax shelters? No way.
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the reality bites the dump op:
https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/
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the reality bites the dump op:
https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/
the reality bites the dump op:
https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/
I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.
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the reality bites the dump op:
https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/
I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.
I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.
Good luck.
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
the reality bites the dump op:
https://www.investors.com/politics/editorials/trump-tax-cuts-economy-deficits/
I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.
I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.
Nailed it, that applies to both sides of the aisle.
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I did like how the article addressed the spending. No matter how you figure it, we are well past time for some austerity to reign in spending.
Good luck.
WSS
Good luck.
WSS
Well aware. No politicians will push that position because they care more about career than actually leading.
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Good luck.
WSS
Well aware. No politicians will push that position because they care more about career than actually leading.
Well aware. No politicians will push that position because they care more about career than actually leading.
Spot on, if politicians want to be elected/re-elected cutting spending is not going to make them popular. The "popular" ones will be the ones who will be for continuing to spend beyond our means and doling out the gravy train. It has been way too easy to create new spending with new government programs than it is to cut a program after it has been implemented. It is just the way our system is set up so there will likely be no real pursuit to get spending under control until it becomes a crisis which is where I think we are headed.
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Good luck.
WSS
Well aware. No politicians will push that position because they care more about career than actually leading.
Well aware. No politicians will push that position because they care more about career than actually leading.
Not only that but just about every high-ranking politician will still be raking in the fuck you money no matter how bad the economy gets. Trickle-down economy? Well shoveling money to deadbeats doesn't make things better either. But it does get votes.
WSS
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blanket tax cuts are always a losing prop and Trump would know that if he was smarter. You don't hand out tax cuts just assuming that increases domestic investments. It doesn't. Logic was 100% right. You hand out tax cuts, and substantial ones...to companies that "PROVE" they're investing in god damn America and the fucking American people. Raise wages, get even more tax breaks.
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It looks like an Audi hummmph signed that letter
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