GOP Tax Scam: No ‘Trickle Down,’ No ‘New Jobs’

[C_Clayton_Jones]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

 

[Cellblock2429]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

/----/ Time will tell in about 6 months. We tried it your way for 8 years with dismal results. Now step aside lest the Trump train crushes you. BTW the tax bill hasn't gone into effect yet so all you have is teary eyed wishful thinking.

 

[Eaglewings]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

/----/ Time will tell in about 6 months. We tried it your way for 8 years with dismal results. Now step aside lest the Trump train crushes you. BTW the tax bill hasn't gone into effect yet so all you have is teary eyed wishful thinking.

View attachment 168624

San Francisco cut taxes for the Hi-techs to get going in the city and trickle down... The middle class and low income all had to leave the city because of the landowners kicking them out to teardown and rebuild huge skyscraper apartments for the super wealthy . No one can afford to live in this area now unless if you had already owned a home,or a mega rich tech...

I can promise you,it was a freaken lie that they told everyone and will not trickle down...4 years the middle class tax will expire and the only ones who benefited are the top 1%..Trump and his rich buddies.


These GOP don't give a shit about anyone but their rich friends who line the corrupt congress pockets to vote for them...


.

 

[debbiedowner]

We shall see in 6 months. I see a handful of manufacturers in the midwest are hiring, but will they offset all the retail, GE and other employers laying off?

 

[Aba Incieni]

We shall see in 6 months. I see a handful of manufacturers in the midwest are hiring, but will they offset all the retail, GE and other employers laying off?

Trump is killing the "service industry" pretend economy and replacing it with manufacturing.

 

[Silent Warrior]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

/----/ Time will tell in about 6 months. We tried it your way for 8 years with dismal results. Now step aside lest the Trump train crushes you. BTW the tax bill hasn't gone into effect yet so all you have is teary eyed wishful thinking.

View attachment 168624

San Francisco cut taxes for the Hi-techs to get going in the city and trickle down... The middle class and low income all had to leave the city because of the landowners kicking them out to teardown and rebuild huge skyscraper apartments for the super wealthy . No one can afford to live in this area now unless if you had already owned a home,or a mega rich tech...

I can promise you,it was a freaken lie that they told everyone and will not trickle down...4 years the middle class tax will expire and the only ones who benefited are the top 1%..Trump and his rich buddies.


These GOP don't give a shit about anyone but their rich friends who line the corrupt congress pockets to vote for them...


.

Pretty ironic post. So you are saying in The People's Republic of Kalifornia, the bastion of liberal ideas, some don't want to give up their money so you can spend it on new laws making it harder to earn more. Who would have thought it?

 

[hadit]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

Anyone with a 401k or an IRA benefits from this. That's not just the wealthy.

 

[deanrd]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

It's not insanity.

Republicans know exactly what they are doing when they fuk over the American people.

And they do it with the support of their base.

These are the enemies of America.

We've known that for quite some time.

 

[Eaglewings]

“Supporters of the bill swear that cutting taxes for corporations will supercharge the economy, encouraging businesses to increase wages and reinvest in the U.S. Many people are, rightfully, skeptical of this.
[…]
It’s more likely that the cuts will benefit shareholders and investors, as Wells Fargo CEO Tim Sloan said, in the form of shareholder payouts. In fact, executives already told us what they would do with the money they save, and it wasn’t invest in their employees: a Bank of America Merrill Lynch survey this summer of more than 300 U.S. corporations asked what they would do if tax legislation allowed them to bring money held overseas back to the U.S. at a low tax rate, which the bill does. The top answers were: paying down debt, repurchasing stocks, and mergers.

So older, wealthier people earning money off of investments will doubly luck out: they’ll reap the benefits while facing none of the future consequences of the cuts. For younger Americans, it won’t shake out as well.”

The Basics of the GOP Tax Plan, Explained

This comes as no surprise, of course – this is what corporations have always done with tax windfalls: enrich investors and shareholders at the expense of working Americans.

Conservative economic dogma is the definition of insanity.

/----/ Time will tell in about 6 months. We tried it your way for 8 years with dismal results. Now step aside lest the Trump train crushes you. BTW the tax bill hasn't gone into effect yet so all you have is teary eyed wishful thinking.

View attachment 168624

San Francisco cut taxes for the Hi-techs to get going in the city and trickle down... The middle class and low income all had to leave the city because of the landowners kicking them out to teardown and rebuild huge skyscraper apartments for the super wealthy . No one can afford to live in this area now unless if you had already owned a home,or a mega rich tech...

I can promise you,it was a freaken lie that they told everyone and will not trickle down...4 years the middle class tax will expire and the only ones who benefited are the top 1%..Trump and his rich buddies.


These GOP don't give a shit about anyone but their rich friends who line the corrupt congress pockets to vote for them...


.

Pretty ironic post. So you are saying in The People's Republic of Kalifornia, the bastion of liberal ideas, some don't want to give up their money so you can spend it on new laws making it harder to earn more. Who would have thought it?

It was a trickle down tax cut... your post is clueless and has nothing to do with the tax cut..

.

 

[Silent Warrior]

Republicans know exactly what they are doing when they fuk over the American people.

Perhaps, but by comparison you are saying the Democrats don't know what they are doing when they do it. Time to get rid of both parties.

 

[Old Rocks]

Trickle down is a euphemism for 'Piss on the Peon'.

 

[Eaglewings]

Trickle down is a euphemism for 'Piss on the Peon'.

 

[skookerasbil]

Trickle down economics > trickle up poverty economics.

Cant forget..........the DUMS win when more people go into the economic shitter!! Of course they are always anti-growth.

1% GDP........will always be the healthy target for the DUMS.

 

[harmonica]

it's a SCAM


another anti-conservative DUMBASS thread