Americans for Tax Reform List of the Positive Results from the Trump Tax Cuts

mikegriffith1

Mike Griffith
Gold Supporting Member
Oct 23, 2012
6,245
3,359
1,085
Virginia
The Americans for Tax Reform is keeping a running tally of the positive results from the Trump tax cuts. Here's a small sample:

Thanks to the Tax Cuts and Jobs Act Passed by the Republican Congress and Signed Into Law by President Trump, 518 Companies (and counting) Announce Pay Raises, Bonuses, 401(k) Match Increases, Expansions, and Utility Rate Cuts.​

Here's a partial list from GOP.com:

$82,590,000,000 : Amount To Be Invested In The United States Economy Because Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

$857,125,000 : The Amount Of Money U.S. Companies Are Donating To Charity Because Of Savings From The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

$200,000,000 : The Amount PNC Financial Will Make In Charitable Contributions Because Of Savings From The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

$50,000,000 : The Amount The Walt Disney Company Has Pledged To Invest In Employee Education Because Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

27,200,000 : Number Of Americans Estimated To Be Able File Their Taxes More Simply By Taking The Standard Deduction. (Shaina Mishkin, "Here's How To Tell Whether The New GOP Tax Plan Will Simplify Your Taxes," Time , 12/20/17)

6,700,000 : The Number Of Americans Who Will No Longer Have To Pay The Obamacare Penalty Thanks To The Tax Cuts And Jobs Act. (K.K. Rebecca Lai and Alice Parlapino, "Millions Pay the Obamacare Penalty Instead of Buying Insurance. Who Are They?," The New York Times , 11/28/17)

3 Million : The Number Of Employees Who Received Bonuses As A Result Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

200,000 : AT&T Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

145,000 : Bank Of America Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

127,000 : American Airlines Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

125,000 : Walt Disney Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)​

Tax Cut Results By The Numbers

You are being redirected...

Finally, here is why it's a very good thing when a company is able to buy back some or all of its own stock:

Why Would A Company Repurchase Its Own Shares?






You are being redirected...
 
Anyone just needs to look at the new tax tables to see that the middle class got the biggest rate cuts, by far. If your top marginal rate is in the third bracket, you got a 6-percentage-point rate cut, which is huge.
 

Forum List

Back
Top