Posted on 05/27/2018 2:15:01 PM PDT by Gen.Blather
I have just finished reviewing the family’s investment portfolio and comparing thirty Value Line write-ups. In all but two cases the Value Line write-up made a comment about the positive impact of the tax cuts. Large multinational companies were bringing back to the states billions of dollars as the new tax structure made it profitable to do so, as they can now reinvest in the US as opposed to abroad. In most cases the write-up said the companies were adding billions of dollars to their bottom lines which was being, variously and in different proportions, returned to investors and invested in growth or new products. One company where the company’s response to the tax cut tanked their stock 16 points was Kroger, who announced they’d split the tax benefit three ways, to shareholders, employees and customers. This is a low margin business under huge pressure from Walmart and Amazon and the stockholders were hoping that the windfall would be used to address other pressing problems. The other company that didn’t fare very well was Lowe’s which adjusted its earnings up, but didn’t address the tax issue. It’s not clear from the write-up why this was bad but VL said, “The stockholders appear to be wanting more.” In addition, Lowe’s is not doing well against arch rival Home Depot.
The point is that in every case the tax cut figured prominently and often to the tune of billions of dollars. Almost every write-up made note of what the company planned to do with the money and it was (Except for Kroger and Lowe’s) entirely positive. No wonder the entire market has gone up.
So much for “crumbs.”
Incidentally, reading this material took nine hours.
In the Coolidge administration, they cut taxes. The economy grew, jobs were created, and Federal revenues increased.
In the Kennedy administration, they cut taxes. The economy grew, jobs were created, and Federal revenues increased.
In the Reagan administration, they cut taxes. The economy grew, jobs were created, and Federal revenues increased. BIG TIME.
In the GW Bush administration, they cut taxes. The economy grew, jobs were created, and Federal revenues increased. (Not as much as the others, but they would have been more had they been made permanent.)
Now, in the Trump administration, they cut taxes. The economy is growing, jobs are being created, bonuses are being given, pay is going up.
Is it any wonder the left opposes tax cuts with every fiber of their being?
“Is it any wonder the left opposes tax cuts with every fiber of their being?”
When an interviewer basically read your list to Obama, he said, “It’s not about the money. It’s about fairness.”
You don’t expect us to believe that phony trope, do you, Hussein? it’s about the left’s need for a permanent, ever expanding underclass that is getting further and further under.
What’s “unfair” about cutting taxes on the middle class?
Diligent and studious, not becoming of a general named “Blather.” :)
For all of growth we get, we also get more debt. Politicians push tax cuts, but they never cut .gov.
I despise the wun to no end.
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