Booming Economy? For Who? The Untold Story Of The Trump Economy

[skews13]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

 

[liarintheWH]

Trump could cure cancer and you’d still bitch and moan.

Give it a rest already.

 

[Edgetho]

You couldn't get the Havana Daily News website to cooperate??

The Raw Story. The Raw Story (also stylized as RawStory) is a left-leaning American online news organization founded in 2004 by John K. Byrne. It covers current national and international political and economic news and publishes its own editorials and investigative pieces.
Owner: Raw Story Media, Inc., John K. Byrne, ...
Created by: John K. Byrne
Type of site: News
The Raw Story - Wikipedia

 

[Mikeoxenormous]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

Workers are never going to see that $4,000.

To the libtards those who create things for other people are just "workers" not employees of a company, because we know companies hate those who work for them, thus giving them bonuses or stock options. Nope just workers, like Stalin had for his Communist Regime or Cuba, or Venezuela. So those "workers" never can make it in the world because they are too stupid to know better so must have a government there to take care of them. At one time I was a minimum wage puke, but then I used my God given talents to make something of myself and now have a large fortune. And no, race has nothing to do with who can and cant make it. Here is the proof, in the pudding.

 

[Remodeling Maidiac]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

You gotta be pretty stupid to think you can peddle this nonsense to conservatives on this site. Leftist might be dumb enough to fall for it but give me a break.

The things you listed do not appear overnight no matter what party is pushing what policy. Those things REQUIRE planning, hard work, determination and most of all fiscal responsibility.

 

[Meathead]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

Boom Baby, Boom!!!

 

[Ray From Cleveland]

That’s continuing this year. Workers are never going to see that $4,000.

Should they? Would you pay your lawn care company more money if you got a raise? How about your mechanic?

Given the fact more than 45% of our population pays no income tax at all, how would you give them an income tax break?

As for your other statistics, how many of those people who can't afford to pay their bills or can't afford a $400.00 expense have the latest smart phone? The newest video game? A newer car? How many are working over 40 hours a week or have two jobs?

So your statistics are worthless, because chances are those people are not practicing responsibility or bringing in as much money as they possibly can.

 

[Oddball]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

Doesn't matter what happens, the moonbats will continue to piss and moan...

 

[ozro]

Beef prices up.
mutton prices up.
wool prices up.
feed prices flat.
and the grass is green and plentiful this year.
I don't have any complaints.

 

[Cellblock2429]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

/----/ Well diving onto the extensive report, it appears folks in Mexico are happier and better off than those of us in the USA - so whey are they clamoring at the border to get in rather than to get out of the USA?

BTW - they never reveal how many they surveyed in each country. I wonder why?
Statistical Appendix 1 for Chapter 2 of World Happiness Report 2019, by John F. Helliwell, Haifang Huang and Shun Wang March 7, 2019 1 Data Sources and Variable Definitions • Happiness score or subjective well-being (variable name ladder ):

And the answer is found with an independent search for the demographics. They survey as few as 500 to 2000 in each country. Fake poll.
How many people are interviewed in a typical World Poll survey?
The typical survey includes at least 1,000 individuals. In some countries, Gallup collects oversamples in major cities or areas of special interest. Additionally, in some large countries, such as China and Russia, sample sizes of at least 2,000 are collected. Although rare, in some instances, the sample size is between 500 and 1,000.

 

[Thinker101]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

Yep, they don't have $400 but they do have an iPhone, high speed internet, HBO, Netflix, visit Starbucks at least once a day, eat out at least 3 times a week, wear $100 jeans, and $200 shoes...life is rough.

 

[Fang]

Forty percent of workers say they don’t have $400 for an unexpected expense. Twenty percent can’t pay all of their monthly bills. More than a quarter of adults skipped needed medical care last year because they couldn’t afford it. A quarter of adults have no retirement savings.

Corporations got the biggest cut in history, their rate sledgehammered down from 35 percent to 21 percent. The rich reap by far the largest benefit from those tax cuts through 2027, according to an analysis by the Tax Policy Center. And by then, 53 percent of Americans—that is, workers, not rich people—will pay more than they did in 2017 because tax breaks for workers expire.

The White House Council of Economic Advisers predicted the corporate tax cut would put an extra $4,000 in every worker’s pocket. They swore that corporations would use some of their tax cut money to hand out raises and bonuses to workers. That never happened. Workers got a measly 6 percent of corporations’ tax savings. In the first quarter after the tax cut took effect, workers on average received a big fat extra $6.21 in their paychecks, for an annual total of a whopping $233. Corporations spent their tax breaks on stock buybacks, a record $1 trillion worth, raising stock prices, which put more money in the pockets of rich CEOs and shareholders.

That’s continuing this year. Workers are never going to see that $4,000.


The untold story of Trump’s ‘booming’ economy

It's slowly trickling down. Wait for it now.

Thanks Obama.

 

[Crepitus]

Trump could cure cancer and you’d still bitch and moan.

Give it a rest already.

You equate failing at tax cuts to curing cancer?

Are you insane or just desperate?

 

[Ray From Cleveland]

Trump could cure cancer and you’d still bitch and moan.

Give it a rest already.

You equate failing at tax cuts to curing cancer?

Are you insane or just desperate?

How is it failing? All economic reports say it's quite a success.

 

[Crepitus]

That’s continuing this year. Workers are never going to see that $4,000.

Should they? Would you pay your lawn care company more money if you got a raise? How about your mechanic?

Given the fact more than 45% of our population pays no income tax at all, how would you give them an income tax break?

As for your other statistics, how many of those people who can't afford to pay their bills or can't afford a $400.00 expense have the latest smart phone? The newest video game? A newer car? How many are working over 40 hours a week or have two jobs?

So your statistics are worthless, because chances are those people are not practicing responsibility or bringing in as much money as they possibly can.

Then why did we give the wealthiest folks a raise? Why did they lie to us and tell us it would benefit the less fortunate? Why did you believe them when they said it would but still defend them now that we know it doesn't?

You kids don't make any sense at all.

 

[Thinker101]

That’s continuing this year. Workers are never going to see that $4,000.

Should they? Would you pay your lawn care company more money if you got a raise? How about your mechanic?

Given the fact more than 45% of our population pays no income tax at all, how would you give them an income tax break?

As for your other statistics, how many of those people who can't afford to pay their bills or can't afford a $400.00 expense have the latest smart phone? The newest video game? A newer car? How many are working over 40 hours a week or have two jobs?

So your statistics are worthless, because chances are those people are not practicing responsibility or bringing in as much money as they possibly can.

Then why did we give the wealthiest folks a raise? Why did they lie to us and tell us it would benefit the less fortunate? Why did you believe them when they said it would but still defend them now that we know it doesn't?

You kids don't make any sense at all.

One minor detail, you need to have a job in order to get that tax raise...dumbass.

 

[Crepitus]

Trump could cure cancer and you’d still bitch and moan.

Give it a rest already.

You equate failing at tax cuts to curing cancer?

Are you insane or just desperate?

How is it failing? All economic reports say it's quite a success.

I thought you read the OP?

 

[Ray From Cleveland]

That’s continuing this year. Workers are never going to see that $4,000.

Should they? Would you pay your lawn care company more money if you got a raise? How about your mechanic?

Given the fact more than 45% of our population pays no income tax at all, how would you give them an income tax break?

As for your other statistics, how many of those people who can't afford to pay their bills or can't afford a $400.00 expense have the latest smart phone? The newest video game? A newer car? How many are working over 40 hours a week or have two jobs?

So your statistics are worthless, because chances are those people are not practicing responsibility or bringing in as much money as they possibly can.

Then why did we give the wealthiest folks a raise? Why did they lie to us and tell us it would benefit the less fortunate? Why did you believe them when they said it would but still defend them now that we know it doesn't?

You kids don't make any sense at all.

The fact that we have more work than workers doesn't benefit the little guy?
The fact that Trump brought down taxes for workers doesn't benefit the little guy?

The only people government gives a raise to are government dependents and government workers. Taking less of somebody's money is not giving them a raise.

 

[Crepitus]

That’s continuing this year. Workers are never going to see that $4,000.

Should they? Would you pay your lawn care company more money if you got a raise? How about your mechanic?

Given the fact more than 45% of our population pays no income tax at all, how would you give them an income tax break?

As for your other statistics, how many of those people who can't afford to pay their bills or can't afford a $400.00 expense have the latest smart phone? The newest video game? A newer car? How many are working over 40 hours a week or have two jobs?

So your statistics are worthless, because chances are those people are not practicing responsibility or bringing in as much money as they possibly can.

Then why did we give the wealthiest folks a raise? Why did they lie to us and tell us it would benefit the less fortunate? Why did you believe them when they said it would but still defend them now that we know it doesn't?

You kids don't make any sense at all.

One minor detail, you need to have a job in order to get that tax raise...dumbass.

So, unemployment is a problem for a lot of folks?

 

[liarintheWH]

Trump could cure cancer and you’d still bitch and moan.

Give it a rest already.

You equate failing at tax cuts to curing cancer?

Are you insane or just desperate?

The point is anything genuinely good this man does you libs spin like a top trying to make it bad. Who’s desperate again?

Everyone but you understood that.

Stop being so ignorant.