And the trickle down begins:

https://www.cnbc.com/2017/12/20/tax-refo...oyees.html

The telecom giant said in a press release Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

 I do believe trickle down economics has some validity, but when the government increases its borrowing in order to cut taxes and the tax cuts go partially towards bonuses for AT&T workers, is it not true that the money came from your and my pockets?   Money has been borrowed in your and my name, and the money has gone to pay bonuses to someone else.  Should I be happy about that?  

Is it not a bit of a con game?  Money cannot be conjured out of thin air.  We buy something on credit, and we think we're doing so much better than before, but are we really?  Sure we have more stuff, but we also have more debt.  The economy revs up, and the country goes deeper into debt.

Ever since Nixon (iirc) did away with the gold standard, the US government has been doing this every administration. Borrowing from the FED and printing "money" out of thin air. Your dollars aren't worth anything... they are backed solely by the "full faith and credit" of the US government.
No one wants to do anything about it... or can do anything about it, I guess.

The government spends more fake money and prints more fake money.

It's all imaginary BS really.

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This tax reform is no CASH FOR CLUNKERS, but it is a start.

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And the trickle down begins:

https://www.cnbc.com/2017/12/20/tax-refo...oyees.html

The telecom giant said in a press release Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

 I do believe trickle down economics has some validity, but when the government increases its borrowing in order to cut taxes and the tax cuts go partially towards bonuses for AT&T workers, is it not true that the money came from your and my pockets?   Money has been borrowed in your and my name, and the money has gone to pay bonuses to someone else.  Should I be happy about that?  

Is it not a bit of a con game?  Money cannot be conjured out of thin air.  We buy something on credit, and we think we're doing so much better than before, but are we really?  Sure we have more stuff, but we also have more debt.  The economy revs up, and the country goes deeper into debt.

I agree with you that spending in a major concern, but this particular plan should, should I say, generate enough new taxes from growth to cover the debt. They aren't borrowing to cover this tax cut, they're borrowing to cover the outlandish spending the government does. The idea that the government "pays" for a tax cut is silly, they pay for spending too much, not for taking in too little.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

 I do believe trickle down economics has some validity, but when the government increases its borrowing in order to cut taxes and the tax cuts go partially towards bonuses for AT&T workers, is it not true that the money came from your and my pockets?   Money has been borrowed in your and my name, and the money has gone to pay bonuses to someone else.  Should I be happy about that?  

Is it not a bit of a con game?  Money cannot be conjured out of thin air.  We buy something on credit, and we think we're doing so much better than before, but are we really?  Sure we have more stuff, but we also have more debt.  The economy revs up, and the country goes deeper into debt.

I agree with you that spending in a major concern, but this particular plan should, should I say, generate enough new taxes from growth to cover the debt. They aren't borrowing to cover this tax cut, they're borrowing to cover the outlandish spending the government does. The idea that the government "pays" for a tax cut is silly, they pay for spending too much, not for taking in too little.

Curb the spending and you don't need a lot of taxes.
The biggest $ they could save, which they'll never do, is in the military budget (and I don't mean cutting VA funding, I'm talking about policing the world and having a continuous state of warfare overseas). We spend more than anyone in the world, more than the next 10 countries combined, many of which are allies.
Another big $ savings would be cutting into welfare programs.

But... baby steps I suppose.

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How do you come to this conclusion? Private companies are more efficient i thought? They wouldn't hire more or raise wages for the sake of it.

Just means more profit for shareholders.

Growth, expansion, new products and markets. Money in the private sector goes to banks who invest it in companies that hire people to produce goods and services that are bought by customers who have money that didn't get stolen by the government. And yes, more profits are part of that, much to the chagrin of economically illiterate socialists everywhere. Back when Democrats weren't all out socialists one of their icons said something about a rising tide, too bad they've lost their way.

Income tax cuts ...fine i can see how that would increase spending. Many people just spend what they receive. Corporates dont do this. They take on projects tha they think are profitable. A tax cut doesnt make any difference if you arent profitable. But the ideology to you is more important than the reality.

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I'm still waiting for Mexico to pay us all the money they owe us in order to build "the wall" Trump promised.

Jiminy Christmas....

I realize he said a lot of stuff would get done in his first 100 days... but with the amount of push back he's received from both sides of the aisle trying to save face, he's gotten a good bit done. And still has some time left, iirc, to get more done.
You want the wall, tax reform, healthcare reform, education reform, and infrastructure all done all at once right away...

He just got the biggest tax deal done and of course its "Oh but what about the wall? What about infrastructure"

You kids will never be satisfied.
Trump alters immigration rules? He's a racist.
Trump pushes for tax reform, he's killing the poor and helping the rich (not true) and if you like the tax bill, it's still not enough "where's my wall?"

In the political landscape you will not find a person running for office that doesn't have their fair share of nonsense and rhetoric on the trail. Trump promised to get much done in 100 days, and while it's been closer to 365, I think he's done a lot of good for the US as a whole.
But you guys would never admit to it.

Dude could turn [BLEEP] into pure gold and people would complain because they prefer silver.

"The Wall" was his #1 campaign promise by a mile. It wasn't even close. It was his main point on the campaign trail. It's what the vast amount of low income to lower income middle class Trump voters elected him on. I know, because I have several in my family. It was basically the only thing they wanted. Everything else was secondary. I told them it was a "pipe dream", but they insisted he would get it done and now they are getting ticked off, because he hasn't even been mentioning it. When he does, he no longer mentions Mexico paying for it. Believe me, I'm having fun telling my family members who voted for him, "I told you so," but they are getting very frustrated that he has shoved this promise aside. I'm just saying. Maybe he appeased his rich supporters with his tax reform, but his biggest group of supporters were the low income and lower income middle class and he's ignoring the promises he made to them. I see it. His base is losing confidence and if he loses the low end middle class vote, he's not getting re-elected.

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I'm still waiting for Mexico to pay us all the money they owe us in order to build "the wall" Trump promised.

He just got the biggest tax deal done and of course its "Oh but what about the wall? What about infrastructure"

You kids will never be satisfied.

I'm sorry, I didn't know that expecting campaign promises to be fulfilled made me a spoiled kid.

Just saying, if Mexico picks up that $67 billion like Uncle Donald promised they would, we could pump that money back into something that will actually make a difference in the lives of Americans.

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Just because it hasn't been built yet, it doesn't mean it wont be built at all.

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Just because it hasn't been built yet, it doesn't mean it wont be built at all.

Yes, but will it be built with pesos or dollars? We were promised a wall that Mexico would pay for.

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Growth, expansion, new products and markets. Money in the private sector goes to banks who invest it in companies that hire people to produce goods and services that are bought by customers who have money that didn't get stolen by the government. And yes, more profits are part of that, much to the chagrin of economically illiterate socialists everywhere. Back when Democrats weren't all out socialists one of their icons said something about a rising tide, too bad they've lost their way.

Income tax cuts ...fine i can see how that would increase spending. Many people just spend what they receive. Corporates dont do this. They take on projects tha they think are profitable. A tax cut doesnt make any difference if you arent profitable. But the ideology to you is more important than the reality.

Reality is all over the headlines today. Corporates are tripping on themselves to get the money out into the market. Your misunderstanding is thinking that corporate money goes into a mattress somewhere. Newsflash: it doesn't, it goes right back out into investment, which continues the growth cycle.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Income tax cuts ...fine i can see how that would increase spending. Many people just spend what they receive. Corporates dont do this. They take on projects tha they think are profitable. A tax cut doesnt make any difference if you arent profitable. But the ideology to you is more important than the reality.

Reality is all over the headlines today. Corporates are tripping on themselves to get the money out into the market. Your misunderstanding is thinking that corporate money goes into a mattress somewhere. Newsflash: it doesn't, it goes right back out into investment, which continues the growth cycle.

Well they aren't going to be complaining are they? The poor and average people celebrating huge tax cuts for the elite. Wow how do they manage this.

But yeah you wait for your pay rises. Im sure the corporates will generously just give their money away...

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Reality is all over the headlines today. Corporates are tripping on themselves to get the money out into the market. Your misunderstanding is thinking that corporate money goes into a mattress somewhere. Newsflash: it doesn't, it goes right back out into investment, which continues the growth cycle.

Well they aren't going to be complaining are they? The poor and average people celebrating huge tax cuts for the elite. Wow how do they manage this.

But yeah you wait for your pay rises. Im sure the corporates will generously just give their money away...

Well, Boeing, Comcast, AT&T, and numerous others are... so there's that.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Reality is all over the headlines today. Corporates are tripping on themselves to get the money out into the market. Your misunderstanding is thinking that corporate money goes into a mattress somewhere. Newsflash: it doesn't, it goes right back out into investment, which continues the growth cycle.

Well they aren't going to be complaining are they? The poor and average people celebrating huge tax cuts for the elite. Wow how do they manage this.

But yeah you wait for your pay rises. Im sure the corporates will generously just give their money away...

Keep repeating your Marxist spin. Taking less of someone else's money is not a gift.

It's not just "the elite" 80% of the American people are getting an income tax cut. Maybe you think that 80% of Americans are "elite?" Doubling the standard exemption benefits the lower middle class the most. Doubling the child tax credit benefits everyone who has a child. The 20% who might pay somewhat more are mostly childless upper middle class paying high state taxes and high mortgage interest.

The corporate tax cut will take time to work its way through the system, but will benefit every American. Just because it doesn't provide instant gratification doesn't mean that it doesn't count. Corporations have money to expand their business. That means more jobs. It also means that the labor market tightens up, and salaries have to go up to compete for workers.

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"Why should I give information to you when all you want to do is find something wrong with it?"

Reality is all over the headlines today. Corporates are tripping on themselves to get the money out into the market. Your misunderstanding is thinking that corporate money goes into a mattress somewhere. Newsflash: it doesn't, it goes right back out into investment, which continues the growth cycle.

Well they aren't going to be complaining are they? The poor and average people celebrating huge tax cuts for the elite. Wow how do they manage this.

But yeah you wait for your pay rises. Im sure the corporates will generously just give their money away...

Just say "I'm wrong" and all is forgiven. I can't stand to watch you be an electronic punching bag any longer.

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Reality is all over the headlines today. Corporates are tripping on themselves to get the money out into the market. Your misunderstanding is thinking that corporate money goes into a mattress somewhere. Newsflash: it doesn't, it goes right back out into investment, which continues the growth cycle.

Well they aren't going to be complaining are they? The poor and average people celebrating huge tax cuts for the elite. Wow how do they manage this.

But yeah you wait for your pay rises. Im sure the corporates will generously just give their money away...

generosity has nothing to do with it...

More capital available in the market means that private companies have more options to pursue their own interests and profit motives.  For some that will mean investing in higher wages for certain employees that BENEFIT THE COMPANY, for some that may mean more infrastructure investment (Comcast) for some that may mean more job training.  For some that may mean more stock buy backs.  For some that may mean investing in job training, and for some that may mean having greater cash reserves.  

We don't advocate these policies because companies having more money means everyone gets a raise, we advocate them because we know it creates the environment that best enables private companies to invest on the employees they value and that its infinitely better than continuing to DEPLETE the private markets that employee the vast majority of the public.  

Also, the European average corporate tax rate is 18.5% the united States was 35%  That makes no sense.  This brings us in line with the rest of the industrialized world and doesn't create an artificial weight around the necks of American labor.  Also most agree that Tariffs aren't the best way to incentivize trade.  This bill goes a long way to phasing out the 35% Tariff that we placed on OUR OWN COMPANIES returning their profits from over seas.  

We desperately needed corporate tax reform to maintain our international competitiveness.  This isn't about fairy dust or hoping that corporations are generous its about not artificially disqualifying the United States as a field of capital investment on the Global stage.

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The Wall is coming. It's already started
https://www.vox.com/policy-and-politics/...lding-wall

No as to who eventually essentially pays for it... we shall see.

I guess the Wall might have been a big selling point on the trail... but there's a lot of rhetoric on the trail.
I'd rather see tax cuts, education reform, and infrastructure get done.
Name 1 POTUS that ever got 100% of his campaign promises done.


I'll wait....

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The Wall is coming. It's already started
https://www.vox.com/policy-and-politics/...lding-wall

No as to who eventually essentially pays for it... we shall see.

I guess the Wall might have been a big selling point on the trail... but there's a lot of rhetoric on the trail.
I'd rather see tax cuts, education reform, and infrastructure get done.
Name 1 POTUS that ever got 100% of his campaign promises done.


I'll wait....

Compared to his predecessor that made good on 0% of his promises and then straight-up lied to people about Obamacare... yea.. he's doing okay.

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The Wall is coming. It's already started
https://www.vox.com/policy-and-politics/...lding-wall

No as to who eventually essentially pays for it... we shall see.

I guess the Wall might have been a big selling point on the trail... but there's a lot of rhetoric on the trail.
I'd rather see tax cuts, education reform, and infrastructure get done.
Name 1 POTUS that ever got 100% of his campaign promises done.


I'll wait....

Compared to his predecessor that made good on 0% of his promises and then straight-up lied to people about Obamacare... yea.. he's doing okay.

Obama was real good at breaking campaign promises....

533 campaign promises made..
129 broken
146 "compromised on"

Meanwhile Trump made way fewer promises...
with 7 officially broken as of now, and 42 still in the works, 9 kept and 6 compromises.

But those stats are from Politifact, so I guess, grain of salt...

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Compared to his predecessor that made good on 0% of his promises and then straight-up lied to people about Obamacare... yea.. he's doing okay.

Obama was real good at breaking campaign promises....

533 campaign promises made..
129 broken
146 "compromised on"

Meanwhile Trump made way fewer promises...
with 7 officially broken as of now, and 42 still in the works, 9 kept and 6 compromises.

But those stats are from Politifact, so I guess, grain of salt...

This false equivalency of yours is funny. Obama was a terrible President. He was, in many ways, the Trump of the left. He used executive orders to force his agenda (including telling us which bathrooms to use), took advantage of a Congressional majority to force Obamacare through, which has not solved a damn thing, and was no less effective at dividing the country than Trump. The only difference is that Obama carried more independents along with him, probably because the man could make it through 140 characters without exposing what a petty [BLEEP] he was.

The left being a bunch of (hey, I found an obscenity that gets through the filter!) does not mean that the right gets a pass when they do the same thing. Now, I'll ask again, where is the check from Mexico to finish building this see-through border wall?

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Some honest reporting from MSM for once. Good watch....

https://www.cbsnews.com/amp/news/how-the...ssion=true

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