Posted on 11/17/2019 8:32:08 PM PST by LesbianThespianGymnasticMidget
The New York Times accused FedEx on Sunday of essentially having lobbied President Donald Trump to sign tax cuts into law with the promise of businesses using the saved money to reinvest in and further grow their companies, and then failing to invest the billions of dollars that it reportedly saved as a result of the tax cuts.
In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administrations tax cut for which the company had lobbied hard, The New York Times reported on Sunday...
FedEx CEO Frederick Smith responded...
The New York Times published a distorted and factually incorrect story on the front page of the Sunday, November 17 edition concerning FedEx and our billions of dollars of tax payments and billions of dollars of investments in the U.S. economy, Smith wrote. Pertinent to this outrageous distortion of the truth is the fact that unlike FedEx, the New York Times paid zero federal income tax in 2017 on earnings of $111 million, and only $30 million in 2018 18% of their pretax book income. Also in 2018 the New York Times cut their capital investments nearly in half to $57 million, which equates to a rounding error when compared to the $6 billion of capital that FedEx invested in the U.S. economy during that same year.
I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, DC with me and the FedEx corporate vice president of tax,...
(Excerpt) Read more at dailywire.com ...
ROAST THE BASTARDS!
Click bait headline. 15 yards, loss of down and a cold stare.
Consider yourself bashed on the noggin with your own helmet. ;-)
It might pleasantly surprise you what good can come your way (and where it can come from) when you pray to God and our Lord and Savior Jesus Christ.
Youre right, I spoke to soon in his case, as I now see after checking him out.
Although Trump has won other converts, and if there is hope for him maybe hit pieces like the one from NYT will nudge him over to our side.
Hey Fred Smith, make sure you put zero advertising dollars into the NYTimes.
He may not realize it but the NY times purposely gets ALL their stories wrong when they have someone to slime.
Heard Smith first went to Little Rock and proposed to base at their airport, they turned him down but Memphis took him in and it has become Memphis’s shining star.
Heard Smith first went to Little Rock and proposed to base at their airport, they turned him down but Memphis took him in and it has become Memphis’s shining star.
If it weren’t for double standards, libs would have no standards at all. What a bunch of hypocrites who are too dumb and arrogant to know when to keep their big mouth shut.
I would watch and listen to that debate!
It was always so simple but the right just refused to accept the fact that the only way to deal with the left is to stand up, fight back and move on. Stop allowing them to do whatever the hell they want and get away with it.
Never back down.
It's the wrong scene, but the right movie.
The headline I garnered was The Slimes only had 111 million in income? That’s peanuts, Soros money must be keeping that dumpster fire open.
wow...good post. that was cool to read.
They have some idea that the “freedom of the press” also extends to tax liability.
High noon on fifth avenue.
the end of Pinch is a great day for America
In 1987, a friend who was an economics major at SUNY @ Stony Brook came up with a plan for his senior project to begin a delivery service that delivered snacks, food, and other things to the dorms on campus. It was a huge success, giving jobs to students who had cars (the vast minority of this “commuter college.) Residents rarely had cars on campus. They partnered with local restaurants, and would even go to a nearby pharmacy or grocery store to pick up other items.
And how we’re seeing “real companies” doing this, like Uber Eats.
Mark
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.