longknife
Diamond Member
- Sep 21, 2012
- 42,221
- 13,091
To hell with Pelosi and her biased commentary. Average Americans don’t think the tax breaks are crumbs.
Democrats and the media screeched that “more of the benefits” were going to corporations because the corporate tax rate got cut from 35 percent to 21 percent, while individual income tax rates were cut by much smaller percentages. But when tax rates change, economic behavior changes because more capital is freed up for use in the private sector.
The employees didn’t only benefit from their own personal rate cuts. They also benefited because some of the things the company decided to do with its new found capital would benefit the as well. And it’s that way with every company. If you have more capital, you can use it for raises or bonuses, or for plant expansions or new product rollouts, or to pay down debt that will reduce your debt service and consequently your overhead.
More @ VIDEO: Factory workers talk about how much those Trump ‘crumbs’ have meant to them
