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I knew that from Day 1 the proponents of this massive cut in corporate taxes were lying about it would provide a boom in hiring and investment. I have zero faith in today's corporate leaders. They are only concerned about stock buy backs. I could tell you personally at my Fortune 500 company, a minuscule amount of the tax windfall went to workers, a bigger slice went to the company's charitable foundation, and 99% went into stock buy backs.
1 posted on 01/28/2019 1:29:13 PM PST by C19fan
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To: C19fan

So, it was just mere coincidence that the unemployment is the lowest its been in 50 years? Or is that result of cutting back billions in regulations?


2 posted on 01/28/2019 1:30:24 PM PST by Kazan
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To: C19fan

Did you sell them your stock?


3 posted on 01/28/2019 1:30:40 PM PST by Paladin2
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To: C19fan

This is baloney. My son works for a bank. The tax cuts have had a tremendous effect on their bottom line and what they have been able to do to increase saving interest rates.


5 posted on 01/28/2019 1:32:45 PM PST by Parmy
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To: C19fan

Complete and total b/s.


6 posted on 01/28/2019 1:32:46 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: C19fan

Another numbers don’t lie, liars use numbers article.


8 posted on 01/28/2019 1:35:13 PM PST by BushCountry (thinks he needs a gal whose name doesn't end in ".jpg")
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To: C19fan

Yeah, nobody hired anybody. That’s why the unemployment is at an all time low & more people are entering the workforce.


9 posted on 01/28/2019 1:38:16 PM PST by gubamyster
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To: C19fan

Total, unadulterated crap. Fake news at it’s best.


10 posted on 01/28/2019 1:38:31 PM PST by SmokingJoe
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To: C19fan

A more biased source is not possible:

By Ben Leubsdorf
Aug 22, 2016 7:00 am ET
4 COMMENTS
A majority of business economists in a new survey said Hillary Clinton is the best choice to oversee the U.S. economy as president.

Her Republican rival, Donald Trump, didn’t even come in second.
https://blogs.wsj.com/economics/2016/08/22/hillary-clinton-donald-trump-or-gary-johnson-u-s-business-economists-have-a-strong-preference/


11 posted on 01/28/2019 1:40:03 PM PST by Raycpa
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To: C19fan

I work for a private company, and every single employee received $1,000 bonus directly attributable to the tax cut. This was in addition to our annual and quarterly bonus’.


13 posted on 01/28/2019 1:41:40 PM PST by Mr. Mohasky (Common sense in a world lacking any, will be perceived & construed as an extreme point of view.)
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To: C19fan; All

With a membership of 3,000 and a Cast of Socialist Characters at the helm, this DC ‘Non-Profit’ is not going to put me into Panic Mode about our economy based on their ‘findings.’ More Trump-Bashing inside The Beltway, IMHO. ;)

https://en.wikipedia.org/wiki/National_Association_for_Business_Economics


14 posted on 01/28/2019 1:42:59 PM PST by Diana in Wisconsin ( "Why can't you be more like Lloyd Braun?")
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To: C19fan

The people who tell you the tax cuts aren’t related to the awesome business investment and job numbers are the same people who “connect the dots” between global warming and blizzards. :)


16 posted on 01/28/2019 1:45:05 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: C19fan

Well, if Rooters says it, it has to be true.


17 posted on 01/28/2019 1:45:22 PM PST by Cincinnatus.45-70 (What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
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To: C19fan
I'm not buying this at all. First, the full effect of the tax cuts will only happen to capital investment if business feels the cuts are permanent. The Pelosi noise factor makes business investment less vigorous that it would be otherwise. Once business is convinced the cuts are permanent, watch what happens to growth. Second, was the question actually framed as not having a "major impact" on actual business spending, or was it framed on planned business spending? Big difference, since it takes time for planned capital expenditures to occur.

Also, the statement minuscule amount of the tax windfall went to workers implies that it should have. Really? Why? Historically, labor's share of GDP has remained remarkably stable for the past 80 years, over many major tax cuts, so why should it change now? Measured differently, lower unemployment means a lot of that extra income ended up in the hands of more workers, which means somebody is hiring people which means aggregate payments to labor is rising. However, expecting the percentages to change is unlikely.

19 posted on 01/28/2019 1:47:15 PM PST by econjack
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To: C19fan

Hi.

“quarterly business conditions poll, “

A poll, but not a 10Q. And by now a 10k.

Rock and roll.

5.56mm


20 posted on 01/28/2019 1:49:49 PM PST by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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To: C19fan

Thanks for the truthful reporting Reuters I know you wouldn’t lie about this.


22 posted on 01/28/2019 1:53:32 PM PST by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: C19fan
$1.5 trillion tax cut had no major impact on business spending

Yes, which is why jobs are now falling out of trees. This isn't even plausible enough to call fake news. D'oh!

25 posted on 01/28/2019 1:55:18 PM PST by Still Thinking (Freedom is NOT a loophole!)
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To: C19fan

Not surprised. CEO’s and senior corporate types have long ago ceased to believe in capitalism.


26 posted on 01/28/2019 1:55:54 PM PST by Buckeye McFrog
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To: C19fan

In other news unemployment is at an all time low, stagnant wages have started climbing measurably and once shuttered factories and foundries are being put back to work.


29 posted on 01/28/2019 1:59:16 PM PST by enduserindy (IÂ’m done explaining basic math and the definition of freedom.)
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To: C19fan

During the 2000 presidential campaign the media, obviously on orders from their Democrat masters, accused W Bush of “talking the economy down” just to get elected. Now the media are talking the economy down to hurt Trump.
See tagline...


37 posted on 01/28/2019 2:30:52 PM PST by jeffc (The U.S. media are our enemy)
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To: C19fan

The positive benefit to small and medium-sized businesses was immense. But I think to a lot of FReepers, the only thing that matters is that the tax cut didn’t induce any Fortune 500 companies to hire more 53-year-old COBOL programmers. :)


39 posted on 01/28/2019 2:36:37 PM PST by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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