Analysis Finds Trump Tax Cuts Didn’t Benefit Workers, Just Made Rich Companies Richer

[jc456]

TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS

Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or refunds, then through the trickle-down effect of bonuses and wage increases from their employers who receive massive corporate cuts. “Tax reform is working,” Republican House Speaker Paul Ryan said in January, mentioning Apple’s decision to reward a bonus of $2,500 in stock grants to some Apple employees. “Workers are coming home and telling their families they got a bonus, or they got a raise or they got better benefits.”

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

“There are too many disingenuous claims that the Trump and Republican tax cuts for corporations will trickle down to the middle class,” said Frank Clemente, executive director of Americans for Tax Fairness. “President Trump and Republicans gave huge tax cuts to big drug companies, big oil and other corporations, but corporations are giving back little—if anything—to working families,” said Clemente. “In fact, this [analysis shows] that 433 corporations out of the Fortune 500 have announced no plans to share their tax cuts with employees.”

The newest projections by the nonpartisan Congressional Budget Office found that the Republican tax plan led to, in part, a 2018 deficit $242 billion higher than previously estimated.

Roughly 36 percent of Americans approve of the Republican tax cuts, according to a March Quinnipiac University Poll and a CNBC poll found that 52 percent of working adults said they had not seen a change to their paychecks since the cuts were passed.

In January, Treasury Secretary Steven Mnuchin said 90 percent of all working adults would see increases in their paychecks because of the cuts.

Hmmm, "analysis" by a far, far left group doesn't like the fact that more Americans get to keep more of their own money. Who would of thunk it. Everyone knows that progressives think they know how to spend your money better than you do so they ALWAYS come to this same conclusion. Funny how that works. In the real world though, every one of my neighbors is seeing significant tax reductions. 7,000 seems to be the average.

Put that in your pipe and smoke it.

Put this up your ass where your head is:

The little bit increase in the pay checks this year will fade away next year and for years after that as the standard deduction remains the same, and the taxes and fees rise.

Only a fool believes a word that comes out of the mouth of Ryan or Trump.

Hmm, so a government worker bee, you. Who relies on the forced confiscation of the people money to keep you in your cushy job, and who is looking at the pension you have so non diligently been working for your whole life falling apart. See a group (this aforementioned ultra left, big government paid shill) who says "take more money from the people to prop up your lazy ass" and you think that this is a compelling argument?

Get real clown boy. Any person who uses this groups "analysis" for anything more than bird cage poop dropping collection, is an idiot.

That would be you.

I feel bad for the birds.

 

[Wry Catcher]

TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS

Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or refunds, then through the trickle-down effect of bonuses and wage increases from their employers who receive massive corporate cuts. “Tax reform is working,” Republican House Speaker Paul Ryan said in January, mentioning Apple’s decision to reward a bonus of $2,500 in stock grants to some Apple employees. “Workers are coming home and telling their families they got a bonus, or they got a raise or they got better benefits.”

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

“There are too many disingenuous claims that the Trump and Republican tax cuts for corporations will trickle down to the middle class,” said Frank Clemente, executive director of Americans for Tax Fairness. “President Trump and Republicans gave huge tax cuts to big drug companies, big oil and other corporations, but corporations are giving back little—if anything—to working families,” said Clemente. “In fact, this [analysis shows] that 433 corporations out of the Fortune 500 have announced no plans to share their tax cuts with employees.”

The newest projections by the nonpartisan Congressional Budget Office found that the Republican tax plan led to, in part, a 2018 deficit $242 billion higher than previously estimated.

Roughly 36 percent of Americans approve of the Republican tax cuts, according to a March Quinnipiac University Poll and a CNBC poll found that 52 percent of working adults said they had not seen a change to their paychecks since the cuts were passed.

In January, Treasury Secretary Steven Mnuchin said 90 percent of all working adults would see increases in their paychecks because of the cuts.

Hmmm, "analysis" by a far, far left group doesn't like the fact that more Americans get to keep more of their own money. Who would of thunk it. Everyone knows that progressives think they know how to spend your money better than you do so they ALWAYS come to this same conclusion. Funny how that works. In the real world though, every one of my neighbors is seeing significant tax reductions. 7,000 seems to be the average.

Put that in your pipe and smoke it.

Put this up your ass where your head is:

The little bit increase in the pay checks this year will fade away next year and for years after that as the standard deduction remains the same, and the taxes and fees rise.

Only a fool believes a word that comes out of the mouth of Ryan or Trump.

Hmm, so a government worker bee, you. Who relies on the forced confiscation of the people money to keep you in your cushy job, and who is looking at the pension you have so non diligently been working for your whole life falling apart. See a group (this aforementioned ultra left, big government paid shill) who says "take more money from the people to prop up your lazy ass" and you think that this is a compelling argument?

Get real clown boy. Any person who uses this groups "analysis" for anything more than bird cage poop dropping collection, is an idiot.

That would be you.

With ALL due respect, F. U.

It's apparent that you are envious of government workers and hate us for providing public service to our fellow citizens. That some of us, Safety Employees, put ourselves in harms way must really piss you off, since we are rewarded for doing our duty.

The private sector has no mores, their sole goal is profit and they are protected by the fine print in most of their transactions. Call 10 contractors and maybe one shows up, call a cop or a firefighter and be assured they will show up.

 

[westwall]

TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS

Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or refunds, then through the trickle-down effect of bonuses and wage increases from their employers who receive massive corporate cuts. “Tax reform is working,” Republican House Speaker Paul Ryan said in January, mentioning Apple’s decision to reward a bonus of $2,500 in stock grants to some Apple employees. “Workers are coming home and telling their families they got a bonus, or they got a raise or they got better benefits.”

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

“There are too many disingenuous claims that the Trump and Republican tax cuts for corporations will trickle down to the middle class,” said Frank Clemente, executive director of Americans for Tax Fairness. “President Trump and Republicans gave huge tax cuts to big drug companies, big oil and other corporations, but corporations are giving back little—if anything—to working families,” said Clemente. “In fact, this [analysis shows] that 433 corporations out of the Fortune 500 have announced no plans to share their tax cuts with employees.”

The newest projections by the nonpartisan Congressional Budget Office found that the Republican tax plan led to, in part, a 2018 deficit $242 billion higher than previously estimated.

Roughly 36 percent of Americans approve of the Republican tax cuts, according to a March Quinnipiac University Poll and a CNBC poll found that 52 percent of working adults said they had not seen a change to their paychecks since the cuts were passed.

In January, Treasury Secretary Steven Mnuchin said 90 percent of all working adults would see increases in their paychecks because of the cuts.

Hmmm, "analysis" by a far, far left group doesn't like the fact that more Americans get to keep more of their own money. Who would of thunk it. Everyone knows that progressives think they know how to spend your money better than you do so they ALWAYS come to this same conclusion. Funny how that works. In the real world though, every one of my neighbors is seeing significant tax reductions. 7,000 seems to be the average.

Put that in your pipe and smoke it.

Put this up your ass where your head is:

The little bit increase in the pay checks this year will fade away next year and for years after that as the standard deduction remains the same, and the taxes and fees rise.

Only a fool believes a word that comes out of the mouth of Ryan or Trump.

Hmm, so a government worker bee, you. Who relies on the forced confiscation of the people money to keep you in your cushy job, and who is looking at the pension you have so non diligently been working for your whole life falling apart. See a group (this aforementioned ultra left, big government paid shill) who says "take more money from the people to prop up your lazy ass" and you think that this is a compelling argument?

Get real clown boy. Any person who uses this groups "analysis" for anything more than bird cage poop dropping collection, is an idiot.

That would be you.

With ALL due respect, F. U.

It's apparent that you are envious of government workers and hate us for providing public service to our fellow citizens. That some of us, Safety Employees, put ourselves in harms way must really piss you off, since we are rewarded for doing our duty.

The private sector has no mores, their sole goal is profit and they are protected by the fine print in most of their transactions. Call 10 contractors and maybe one shows up, call a cop or a firefighter and be assured they will show up.

Why would I be envious of government hacks like you? I have been retired for a good long time, but I have had the immense displeasure of having to deal with incompetent, pompous, ignorant government workers, such as yourself, for a very, very long time. People go in to government work for two reasons, 1. they are that extraordinarily rare breed of altruistic people who choose to work for a bunch of C student types because they actually want to help people. They usually only last a few years before they figure out that government workers are mainly idiots who care more about themselves than those they are supposed to be helping so those people leave and go work for some non-profit group which actually does the work that the government is supposed to.

Then there is the second group, the one that you are in, who are not particularly bright, but figured out that by working in government you can get power over others (because you think so highly of yourself that you feel superior to anyone even though you have nothing to support your narcissist nonsense) and when possible you abuse your power. You couldn't get a job in the private sector because your particular skill set is too low, and your psych eval would preclude you from working in any area but ditch digging.

No, I have no reason to be envious of petty tyrants like you.

And you didn't address the OP so try again.

 

[DJT for Life]

This does not take into account the money saved on taxes.

My daughter and son-in-law bring up an extra 300 a month now. That's
3600 a year and wait till they do their taxes in 2019.

She's a school teacher and he's a supervisor for TSA. They are thrilled.
That's real cash in their pockets. They are paying half their monthly bills
(not counting rent) thru their new savings.

 

[BluesLegend]

So, the workers who got a bonus, that didn't help that at all? I wonder how many of the workers have stock in the company that they work for? I bet at least 66%. Bwaaaahhhhaaahhhhaaaaa. You must be a welfare queen or queer....

Millions of middle class Americans have trillions of dollars invested in these companies. As owners of these companies they love the corporate tax cuts. Poor libs they have quite the sour puss face over the tax cuts.

Name 100,000! Or admit you make stuff up to appease your biases.

You have the financial brain of a fruit fly.

 

[BluesLegend]

Liberals keep trying to SPIN tax cuts as horrible and tax increases as popular LMAO! I almost feel sorry for moderate Dem's their liberal wing is nuts.

Have you considered buying a house, and then asking your boss to reduce your pay check?

On a much grander scale, this is the Ryan-Trump tax bill.

Go ahead lib run campaign ads promising to raise taxes good luck with that

 

[BluesLegend]

So, the workers who got a bonus, that didn't help that at all? I wonder how many of the workers have stock in the company that they work for? I bet at least 66%. Bwaaaahhhhaaahhhhaaaaa. You must be a welfare queen or queer....

Millions of middle class Americans have trillions of dollars invested in these companies. As owners of these companies they love the corporate tax cuts. Poor libs they have quite the sour puss face over the tax cuts.

Name 100,000! Or admit you make stuff up to appease your biases.

how stupid is this. Why don't you name 100,000 that don't like the tax cuts? how about that?

This clown is an imbecile don't waste your time.

 

[BluesLegend]

how stupid is this. Why don't you name 100,000 that don't like the tax cuts? how about that?

I'm filthy rich so don't care.
I do care aboutthedeficit though.
Never a mention of that

Did you care when Obama was increasing the debt 1.25 trillion dollars a year? Along with the 4.5 trillion FAUX debt put on the Federal Reserve? You are a fucking liar....

not at all. he didn't give two shits about the debt. In fact he most likely content with adding more free money to the laziest of the lazy, the 47%

says our oldshitefart sucking off his socialist SS Medicare benefits

SS and medicare is invested and paid for by me. it isn't a welfare system stupid ass.

Too bad congress stole all our money and spent it on stupid shit.

 

[Flash]

Unemployment is under 5%, which is considered full employment. The economy is roaring.

ahhhhhh, an Obama fan........thank you......lol

The economy was doing fine until that filthy ass 2006 Democrat Congress took over. The one with Dirty Harry, Tits Peloski, Barney Queerboy and that worthless affirmative action Negro from Illinois.

That asshole Obama increased poverty, decreased family income, tremendously increased debt, increased income disparity and had dismal economic growth. Most of those jobs on that chart were minimal wage part time burger flipping jobs. Most of the jobs that Obama likes to take credit for happened in Red States government by Republican Governors and legislatures, like Texas.

Democrats are always a disaster for this country. Obama was a major disaster. Thank god Crooked Hillary wasn't elected or the disaster would have continued. As bad as Obama was Crooked Hillary had the potential to be worse.

 

[Mac1958]

The economy was doing fine until that filthy ass 2006 Democrat Congress took over.

holy shit


.

 

[Wry Catcher]

So, the workers who got a bonus, that didn't help that at all? I wonder how many of the workers have stock in the company that they work for? I bet at least 66%. Bwaaaahhhhaaahhhhaaaaa. You must be a welfare queen or queer....

Millions of middle class Americans have trillions of dollars invested in these companies. As owners of these companies they love the corporate tax cuts. Poor libs they have quite the sour puss face over the tax cuts.

Name 100,000! Or admit you make stuff up to appease your biases.

how stupid is this. Why don't you name 100,000 that don't like the tax cuts? how about that?

I didn't make a claim about Millions of Americans, anyone who does makes it clear they are lying.

 

[Wry Catcher]

I'm filthy rich so don't care.
I do care aboutthedeficit though.
Never a mention of that

Did you care when Obama was increasing the debt 1.25 trillion dollars a year? Along with the 4.5 trillion FAUX debt put on the Federal Reserve? You are a fucking liar....

not at all. he didn't give two shits about the debt. In fact he most likely content with adding more free money to the laziest of the lazy, the 47%

says our oldshitefart sucking off his socialist SS Medicare benefits

SS and medicare is invested and paid for by me. it isn't a welfare system stupid ass.

Too bad congress stole all our money and spent it on stupid shit.

Three stupid posts in a row, Blues L. has got the trifucta.

 

[BluesLegend]

So, the workers who got a bonus, that didn't help that at all? I wonder how many of the workers have stock in the company that they work for? I bet at least 66%. Bwaaaahhhhaaahhhhaaaaa. You must be a welfare queen or queer....

Millions of middle class Americans have trillions of dollars invested in these companies. As owners of these companies they love the corporate tax cuts. Poor libs they have quite the sour puss face over the tax cuts.

Name 100,000! Or admit you make stuff up to appease your biases.

how stupid is this. Why don't you name 100,000 that don't like the tax cuts? how about that?

I didn't make a claim about Millions of Americans, anyone who does makes it clear they are lying.

That's because you are an economic halfwit. Over half of Americans own stock and 66% of Americans age 30 to 64 own stock MILLIONS of Americans dummy. Goddamn go put a dunce cap on.

 

[BluesLegend]

Did you care when Obama was increasing the debt 1.25 trillion dollars a year? Along with the 4.5 trillion FAUX debt put on the Federal Reserve? You are a fucking liar....

not at all. he didn't give two shits about the debt. In fact he most likely content with adding more free money to the laziest of the lazy, the 47%

says our oldshitefart sucking off his socialist SS Medicare benefits

SS and medicare is invested and paid for by me. it isn't a welfare system stupid ass.

Too bad congress stole all our money and spent it on stupid shit.

Three stupid posts in a row, Blues L. has got the trifucta.

You got something to say micro brain?

 

[Wry Catcher]

So, the workers who got a bonus, that didn't help that at all? I wonder how many of the workers have stock in the company that they work for? I bet at least 66%. Bwaaaahhhhaaahhhhaaaaa. You must be a welfare queen or queer....

Millions of middle class Americans have trillions of dollars invested in these companies. As owners of these companies they love the corporate tax cuts. Poor libs they have quite the sour puss face over the tax cuts.

Name 100,000! Or admit you make stuff up to appease your biases.

how stupid is this. Why don't you name 100,000 that don't like the tax cuts? how about that?

I didn't make a claim about Millions of Americans, anyone who does makes it clear they are lying.

That's because you are an economic halfwit. Over half of Americans own stock and 66% of Americans age 30 to 64 own stock MILLIONS of Americans dummy. Goddamn go put a dunce cap on.

They own a mutual fund, bozo. A mutual fund which is managed by someone else and most have no clue what stocks or bonds they own. In fact some hold REIT/s and have never seen the property they own.

 

[BluesLegend]

Millions of middle class Americans have trillions of dollars invested in these companies. As owners of these companies they love the corporate tax cuts. Poor libs they have quite the sour puss face over the tax cuts.

Name 100,000! Or admit you make stuff up to appease your biases.

how stupid is this. Why don't you name 100,000 that don't like the tax cuts? how about that?

I didn't make a claim about Millions of Americans, anyone who does makes it clear they are lying.

That's because you are an economic halfwit. Over half of Americans own stock and 66% of Americans age 30 to 64 own stock MILLIONS of Americans dummy. Goddamn go put a dunce cap on.

They own a mutual fund, bozo. A mutual fund which is managed by someone else and most have no clue what stocks or bonds they own. In fact some hold REIT/s and have never seen the property they own.

LMAO you just destroyed yourself. Go argue with CNN Money dumb ass but first let me laugh in your face there now you may go.

 

[OnePercenter]

That is hilarious. If a company didn’t publicly make an announcement, then they didn’t do it.

Let’s look at who is behind the group that did this so-called analysis, shall we?
All left wing so-called organizations and think tanks that derives their funds from, guess who?

It's the group that said oil companies don't get subsidies.
True but they get huge tax breaks

Tax breaks ARE subsidies.

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Subsidy

 

[jc456]

That is hilarious. If a company didn’t publicly make an announcement, then they didn’t do it.

Let’s look at who is behind the group that did this so-called analysis, shall we?
All left wing so-called organizations and think tanks that derives their funds from, guess who?

It's the group that said oil companies don't get subsidies.
True but they get huge tax breaks

Tax breaks ARE subsidies.

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Subsidy

tax breaks are not susidies. the company isn't paying itself and the government has no hands in the money. so make up nonsense all you want. no one will take you seriously. seriously!

 

[jc456]

The economy was doing fine until that filthy ass 2006 Democrat Congress took over.

holy shit


.

Dodd and Frank, just remember those two names.

 

[Harpy Eagle]

Since the day the tax cut was signed,

The DJI is down 813 points.

The S&P is down 49 points.

The NASDAQ is up 57 points

The Russell 2000 is up 10 points.