Except at RNC, even local area businesses are thought to show up for work in the morning to open the doors to paying customers. That Fantasy aside(?): What GOP knows for certain is that they mainly want tax cuts--no one spending, especially federal revenue dollars. The deficit there is(?).
And so, it is previously noted that $1.7 bil. in one-time bonuses, and a few raises, are so far announced by about 8% of S&P companies. CNBC Fed Survey doesn't expect much more--if the total cut of the federal revenue is place at the previously noted, $75 bil. per year. 12% of that is expected to go to people with payroll income: which would be about $9.0 bil. That leaves only $7.0 bil. left to happen. 36% goes to dividends and stock buy-backs. Businesses will pay down debt, to the benefit of creditors. That is even more.
Local markets get nothing! Local stores get nothing! Local governments get mostly nothing!
Most of the tax cut windfall will boost buybacks and dividends, not workers' pockets, survey predicts
$9.0 bil. is not very much in a $19.0 tril. economy. USA was probably "Great" before any of this started!
Then there is the problem that half of tax filers already have zero liability. The refundable Child Tax Credit only adds $400.00 per. Three children or more means $1200.00, $100.00 per month. And the Holy Father isn't even married(?).
Lots of people don't get very much. Cutting the tax rates, creating even less than no liability--doesn't work.
Bush Cut Taxes in 2001 and 2003, and then spent $1.0 tril. in Iraq, unaware that Osama bin laden was actually in Pakistan. Neither Saddam Hussein nor Osama bin lade appear to have had any "Weapons of Mass Destruction," even(?).
Trump was a least offered a loan of the solid gold toilet, complete with hole.
"Crow, James Crow: Shaken, Not Stirred!"
(Great Dung Beatle, Maybe so(?)!)
And so, it is previously noted that $1.7 bil. in one-time bonuses, and a few raises, are so far announced by about 8% of S&P companies. CNBC Fed Survey doesn't expect much more--if the total cut of the federal revenue is place at the previously noted, $75 bil. per year. 12% of that is expected to go to people with payroll income: which would be about $9.0 bil. That leaves only $7.0 bil. left to happen. 36% goes to dividends and stock buy-backs. Businesses will pay down debt, to the benefit of creditors. That is even more.
Local markets get nothing! Local stores get nothing! Local governments get mostly nothing!
Most of the tax cut windfall will boost buybacks and dividends, not workers' pockets, survey predicts
$9.0 bil. is not very much in a $19.0 tril. economy. USA was probably "Great" before any of this started!
Then there is the problem that half of tax filers already have zero liability. The refundable Child Tax Credit only adds $400.00 per. Three children or more means $1200.00, $100.00 per month. And the Holy Father isn't even married(?).
Lots of people don't get very much. Cutting the tax rates, creating even less than no liability--doesn't work.
Bush Cut Taxes in 2001 and 2003, and then spent $1.0 tril. in Iraq, unaware that Osama bin laden was actually in Pakistan. Neither Saddam Hussein nor Osama bin lade appear to have had any "Weapons of Mass Destruction," even(?).
Trump was a least offered a loan of the solid gold toilet, complete with hole.
"Crow, James Crow: Shaken, Not Stirred!"
(Great Dung Beatle, Maybe so(?)!)
