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There is no free lunch, this small amount to each person adds up, and it has to come from somewhere. We may be enjoying a few extra bucks in our paychecks now, but other things will suffer as a result. In the end, we will be paying it all back somehow.
I would hope that tax cuts would result in larger pay checks, if they didn't it would really be a problem. The problem is that they never pay for themselves and increase an already large deficit. I think the republicans were out of ideas, proposing tax cuts in a healthy economy and companies with record profits is wrong headed.
This amounts to the old political ploy of a chicken in every pot, attempting to buy votes. We will see the results of this in 2019 with an increasing deficit.
medium and large corporations also got an even bigger tax cut. What do we see, power companies raising rates after huge pay raises to CEO's. Steel companies raising prices because of tariffs. Oil companies keeping rig counts down to cause prices to spike.
The only people to benefit from this will be the top 1%, the rest of us will be fighting for crumbs.
Small thinkers are easily comforted by $40 bucks a week. Of course tax cuts give you more money. What are the longer term ramifications? I'm sorry but I don't want to live through 2006-2008 again when the GOP wrecked the economy last time. We had a good think going (and growing) and I feel like it will be in the crapper in a few years. But dumb people are just happy with their immediate gratification.
medium and large corporations also got an even bigger tax cut. What do we see, power companies raising rates after huge pay raises to CEO's. Steel companies raising prices because of tariffs. Oil companies keeping rig counts down to cause prices to spike.
The only people to benefit from this will be the top 1%, the rest of us will be fighting for crumbs.
The power company cut my rates 30% as a result of the tax cuts according to them.
I see no reason to dislike that. Not only that but they returned my deposit. What it amounts too when I use the deposit to pay my bill is 4 months with no out of pocket cost. Never had anything like that ever happen before.
Great to see more net pay left for the productive private center to utilize.
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