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Republicans Insist Tax Cuts Will Benefit Workers, But CEOs Have Other Plans
Huffpost ^
| 11/30/17
| Igor Bobic and Arthur Delaney
Posted on 11/30/2017 1:02:35 PM PST by DoodleDawg
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I hope theyll do the right thing. What we want corporate America to do is what the smaller companies do, Shelby said. I believe a lot of that will go on, rather than buybacks and stuff like that. I hope thats what will happen. We have to work the high road, and hope they do that. Some wont, but I think a majority of the people will invest in the future and grow the economy. I suspect that Shelby is going to be badly disappointed.
To: DoodleDawg
To: Enlightened1
Huffpo = Fake News So you really think corporations will take the windfall from the tax decrease and shower it on their employees?
To: DoodleDawg
The US has the highest corporate tax rate in the world.
What part of repatriating the earnings that were driven offshore does Huff and Puff not understand?
4
posted on
11/30/2017 1:08:46 PM PST
by
E. Pluribus Unum
(<img src="http://i.imgur.com/WukZwJP.gif" width=800>)
To: DoodleDawg
At first over half of the savings from the corp cut will go to shareholders and buybacks.
But then market forces will send more of it to workers and expansion, depending on the competitiveness of the industry and it’s international exposure.
Anyway a third of the overall cuts go to individuals instead.
But heck, the bill is not finalized at this point.
5
posted on
11/30/2017 1:09:16 PM PST
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
To: DoodleDawg
So you really think corporations will take the windfall from the tax decrease and shower it on their employees?
Why should they? No one other than shareholders should make that decision.
6
posted on
11/30/2017 1:09:46 PM PST
by
TexasGunLover
("Either you're with us or you're with the terrorists."-- President George W. Bush)
To: Enlightened1
They obviously can’t seem to recall that folks with modest incomes don’t pay much in income taxes to begin with so OF COURSE they aren’t going to benefit much.
7
posted on
11/30/2017 1:09:48 PM PST
by
Rurudyne
(Standup Philosopher)
To: DoodleDawg
"
So you really think corporations will take the windfall from the tax decrease and shower it on their employees?"
Sure, new office decor, meetings at exclusive resorts, and huge bonuses all around for management.
They're employees, too, right?
8
posted on
11/30/2017 1:10:02 PM PST
by
Rashputin
(Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
To: DoodleDawg
...executives from major companies including Cisco Systems, Pfizer, Coca-Cola, Amgen and Honeywell have said they plan to use the windfall from the corporate tax cut to first increase stock dividends or to buy back shares.Where the the dividends or sale profits will generate 20% Cap Gains taxes for those that receive distributions or buybacks, Increasing Federal government revenue negating the necessity of high Federal tax rates.
9
posted on
11/30/2017 1:11:15 PM PST
by
Navy Patriot
(America returns to the Rule of Law)
To: DoodleDawg
They will for the most part invest it back into their companies.
The companies will grow and hire more people.
If they compete, then they will pay higher wages.
To: Rurudyne
Everyone will benefit l because the economy will grow.
To: DoodleDawg
Republicans say workers will be better off if corporate executives and shareholders have more money. Aren't most Americans "shareholders" since pension funds own stocks?
To: DoodleDawg
Nonsense. It is largely irrelevant what corporate CEOs intend to do with the money. Market pressures will result in a different reality. If corporate and business taxes are cut across the board, it suddenly becomes more profitable for corporations to exist. More businesses will have an inventive to be created or expand. This means more open job positions, which will mean more competition between employers for workers, which will bid up wages. Likewise, lower taxes makes it more profitable to produce and sell consumer goods. A higher supply of consumer goods in the market drives down prices.
So, even if corporations intend to keep all the money for their shareholders the realities of competition and a dynamic economy will result in much or most of the benefits going to workers and consumers.
13
posted on
11/30/2017 1:13:15 PM PST
by
pstwwl
To: E. Pluribus Unum
What part of repatriating the earnings that were driven offshore does Huff and Puff not understand? Even under the plans being considered offshore earnings are going to be taxed some - 10% in the Senate plan and 14% in the House plan. Why would businesses want to repatriate earnings from offshore and get taxed on it when they can leave it offshore tax free?
To: DoodleDawg
“Republicans Insist Tax Cuts Will Benefit Workers,”
—
Zero insisted that his health plan would drastically cut premiums ... same plan, different words by a different political party.
15
posted on
11/30/2017 1:13:45 PM PST
by
PIF
(They came for me and mine ... now it is your turn ...)
To: Enlightened1
Yeah. But the twerp writing the article did mention direct benefit.
16
posted on
11/30/2017 1:15:42 PM PST
by
Rurudyne
(Standup Philosopher)
To: DoodleDawg
The long term effect of lowering the corporate rate will be both higher stock prices and more jobs.
More jobs will lead to higher employment and higher wages as the job market heats up. Higher stock prices will benefit everyone with a 401(k).
To: mrsmith
But then market forces will send more of it to workers and expansion, depending on the competitiveness of the industry and its international exposure. That's ridiculous. Salaries, like taxes, are an expense for business. All businesses will keep expenses as low as possible. There is nothing in this bill to require increased wages so companies have no incentive to do it. Likewise expansion. Expanding production is an expense. Companies will only do it if there is an increase in demand for their product sufficient to justify the additional expansion. Nothing in this bill provides that incentive either.
Anyway a third of the overall cuts go to individuals instead.
If two-thirds went to individuals then the extra purchasing power would provide the incentive business need to expand, wouldn't it?
To: TexasGunLover
Why should they? No one other than shareholders should make that decision. Exactly. No company in its right mind will increase expenses at the cost of higher profits. They will instead use the tax windfall to boost share prices and reward investors.
To: Navy Patriot
Where the the dividends or sale profits will generate 20% Cap Gains taxes for those that receive distributions or buybacks, Increasing Federal government revenue negating the necessity of high Federal tax rates. But Congress keeps telling us that these tax cuts will result in higher wages for employees. Comments from the major companies seem to indicate otherwise.
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