Why did the corporate tax cuts fail?

[Cellblock2429]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

/——/ Some did, some didn’t and there is no way you can prove none did.

 

[colfax_m]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

What do you mean pay more for stuff? Tax cuts had nothing to do with product cost.

/—-/ How do you think corporations treat taxes, as an overhead that’s included in the cost to consumers or just monopoly money with no consequence? You blithering idiot.

No. Taxes are a cost to the business owner.

We lowered corporate taxes a lot. Corporations didn’t lower prices. They kept the profits.

Who told you they were going to lower prices?

 

[Cellblock2429]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

What do you mean pay more for stuff? Tax cuts had nothing to do with product cost.

/—-/ How do you think corporations treat taxes, as an overhead that’s included in the cost to consumers or just monopoly money with no consequence? You blithering idiot.

You have evidence that they lowered prices?
They just made more profits...

/—-/ Do you have evidence that they all didn’t? Any clue how business operates? Some cut prices to be competitive, some paid debt, some bought capital equipment and any number of combinations.

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

/——/ Some did, some didn’t and there is no way you can prove none did.

You have no evidence any did. Total BS

 

[colfax_m]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

/——/ Some did, some didn’t and there is no way you can prove none did.

CPI continued to rise pretty much like it always does. This is a really stupid argument.

 

[Cellblock2429]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

/——/ Some did, some didn’t and there is no way you can prove none did.

You have no evidence any did. Total BS

/—-/ How about this, It’s none of your fu***ing business what corporations do with their money. So STFU

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

/——/ Some did, some didn’t and there is no way you can prove none did.

You have no evidence any did. Total BS

/—-/ How about this, It’s none of your fu***ing business what corporations do with their money. So STFU

Trump promised his cuts would pay for themselves and gdp growth would be 4-6%. Policy failed.

 

[protectionist]

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

 

[protectionist]

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

/——/ Some did, some didn’t and there is no way you can prove none did.

You have no evidence any did. Total BS

/—-/ How about this, It’s none of your fu***ing business what corporations do with their money. So STFU

Trump promised his cuts would pay for themselves and gdp growth would be 4-6%. Policy failed.

What source are you referring to, for GDP ? If it's BEA, that's why you're talking foolish.

 

[Brain357]

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

You think that is a good economic indicator? Yeah, you are a clown.

 

[protectionist]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Fake post
Not based in reality

Please share what positive effect they had then? Deficits way up, gdp growth down...

GDP growth is not down.

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Fake post
Not based in reality

Please share what positive effect they had then? Deficits way up, gdp growth down...

GDP growth is not down.

Another clueless clown.

 

[protectionist]

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

You think that is a good economic indicator? Yeah, you are a clown.

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

 

[healthmyths]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

Common Cents Blog: More Winning! List of Utility Companies CUTTING RATES due to Trump Tax Cuts
It keeps getting better.
Besides the stock market setting highs nearly every day now US Power Companies are CUTTING electric rates passing huge savings onto their customers. A list from Americans for Tax Reform:

 

[Brain357]

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

You think that is a good economic indicator? Yeah, you are a clown.

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

 

[protectionist]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

Fake post
Not based in reality

Please share what positive effect they had then? Deficits way up, gdp growth down...

GDP growth is not down.

Another clueless clown.

Yeah. You. Even top Democrats admit the economy is booming. You're an ass.

 

[protectionist]

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

You think that is a good economic indicator? Yeah, you are a clown.

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

 

[Brain357]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

So you think companies gave some of those tax cuts back with lower pricing? That’s a good one. Love to see some proof of that.

Common Cents Blog: More Winning! List of Utility Companies CUTTING RATES due to Trump Tax Cuts
It keeps getting better.
Besides the stock market setting highs nearly every day now US Power Companies are CUTTING electric rates passing huge savings onto their customers. A list from Americans for Tax Reform:

I see claims. One even says not sure how much or when. Great source.... ha

 

[Brain357]

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Shocking the right can’t have intelligent discussion. What a board of clowns this place is.

Clowns ? Yeah. Especially the guy who says the economy has slowed, right after the Dow Jones, S & P, and NASDAQ all hit record highs last week.

Liberals are hopeless.

You think that is a good economic indicator? Yeah, you are a clown.

They are a good economic indicator. Of course they are. What do you think they exist for ? Maybe you don't like them because they can't be infested by Obama administration holdovers, like the laughingstock BEA.

They drastically move up and down from day to day, the economy doesn’t do that. Get a clue.

Ha ha. Nice deflection try. It is the record highs that matter, not daily changes. Get a clue.

And might drop like a rock tomorrow.

 

[colfax_m]

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

/----/ Why do you want to pay more for stuff? How stupid can you be?

What do you mean pay more for stuff? Tax cuts had nothing to do with product cost.

/—-/ How do you think corporations treat taxes, as an overhead that’s included in the cost to consumers or just monopoly money with no consequence? You blithering idiot.

You have evidence that they lowered prices?
They just made more profits...

/—-/ Do you have evidence that they all didn’t? Any clue how business operates? Some cut prices to be competitive, some paid debt, some bought capital equipment and any number of combinations.

Who cares if one or two did? As a whole there was no discernible effect.

This is a really stupid argument.