How Big Companies Won New Tax Breaks From the Trump Administration (interviews, wages)
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The 2017 Tax Reform Act is a mess, less revenue than predicted and as if the bill wasn't tilted enough towards the wealthy there were exemptions put in place in 2018 for banks and other companies. Lobbyists working at the treasury writing tax code, so many loopholes and so poorly written
Quote:
Through a series of obscure regulations, the Treasury carved out exceptions to the law that mean many leading American and foreign companies will owe little or nothing in new taxes on offshore profits, according to a review of the Treasury’s rules, government lobbying records, and interviews with federal policymakers and tax experts. Companies were effectively let off the hook for tens if not hundreds of billions of taxes that they would have been required to pay.
“Treasury is gutting the new law,” said Bret Wells, a tax law professor at the University of Houston. “It is largely the top 1 percent that will disproportionately benefit — the wealthiest people in the world.”
Good! The LESS they will have to pass on to consumers to maintain their margins, and profitability. Then, as they are currently doing can create even more jobs and create even more pressure for wages to rise. Which is also happening thanks partially to Trump's economic and energy policies.
Good! The LESS they will have to pass on to consumers to maintain their margins, and profitability. Then, as they are currently doing they can create even more jobs and create even more pressure for wages to rise. Which is also happening thanks partially to Trump's economic and energy policies.
Good! The LESS they will have to pass on to consumers to maintain their margins, and profitability. Then, as they are currently doing can create even more jobs and create even more pressure for wages to rise. Which is also happening thanks partially to Trump's economic and energy policies.
Yes good for the 1% and bad for the deficit and middle class, lobbyists, dark money and corporations win.
Good! The LESS they will have to pass on to consumers to maintain their margins, and profitability. Then, as they are currently doing can create even more jobs and create even more pressure for wages to rise. Which is also happening thanks partially to Trump's economic and energy policies.
Yet every statistic measurement shows no such decrease to consumer pricing. Facts are stubborn things, eh?
Hmmm... If only taxes were the only cost factor in determining prices. Stupid is not a good way to go through life.
I was responding directly to a poster who suggested the tax plan reduced consumer pricing when there is zero empirical support for such a claim. And I agree that stupid is not a good way to go through life, yet people who respond to my posts with non-sequiturs because they lack reading comprehension skills appear to be able to do so.
Good! The LESS they will have to pass on to consumers to maintain their margins, and profitability. Then, as they are currently doing can create even more jobs and create even more pressure for wages to rise. Which is also happening thanks partially to Trump's economic and energy policies.
I was responding directly to a poster who suggested the tax plan reduced consumer pricing when there is zero empirical support for such a claim. And I agree that stupid is not a good way to go through life, yet people who respond to my posts with non-sequiturs because they lack reading comprehension skills appear to be able to do so.
So... since you haven't accounted for all the other cost factors affecting pricing, how do you know corporate tax cuts haven't either cut price increases or kept prices from increasing at all? Talk about non sequitur. Engage brain before posting.
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Stupid is not a good way to go through life.
