GOP tax bill: AT&T, Boeing among corporations rewarding employees

[The Derp]

If I asked you which is better, $1,000 one time payment, or a .50 an hour raise, what is your answer?

The $0.50 raise, obviously. It pays out more over the course of a 40-hour week in one year. Because, math.

$0.50 x 40 hours a week x 52 weeks = $1,040.

Is $1,040 > or < $1,000?

Math is hard for Conservatives.

 

[Lewdog]

If I asked you which is better, $1,000 one time payment, or a .50 an hour raise, what is your answer?

The $0.50 raise, obviously. It pays out more over the course of a 40-hour week in one year. Because, math.

$0.50 x 40 hours a week x 52 weeks = $1,040.

Is $1,040 > or < $1,000?

Math is hard for Conservatives.

And that's just ONE year.

 

[The Derp]

If I asked you which is better, $1,000 one time payment, or a .50 an hour raise, what is your answer?

The $0.50 raise, obviously. It pays out more over the course of a 40-hour week in one year. Because, math.

$0.50 x 40 hours a week x 52 weeks = $1,040.

Is $1,040 > or < $1,000?

Math is hard for Conservatives.

And that's just ONE year.

RIGHT! Just one year. Raises are permanent, bonuses aren't. You're absolutely right.

This whole thing is just AT&T trying to curry favor with Trump so he'll let them buy Time Warner. It's so obvious. He's paying out bonuses from 2017 revenue, the tax cut takes effect for 2018, so these bonuses are connected to the tax cut, how exactly?

 

[Papageorgio]

Several employers are giving bonuses, raising pay and investing in their infrastructure as well as charitable giving.

So, time will tell, I am middle class and my taxes will reduce when the bill is signed.

Since those some on the left don’t think deficits matter, why are they upset?

 

[The Derp]

Several employers are giving bonuses, raising pay and investing in their infrastructure as well as charitable giving.
So, time will tell, I am middle class and my taxes will reduce when the bill is signed.
Since those some on the left don’t think deficits matter, why are they upset?

And there's no way to tie those actions taken by employers right now to the tax cut since all those bonuses, pay raises and investment are coming from 2017 revenues, not 2018 revenues. AT&T could have paid those bonuses before the tax cut was passed, since the tax cut doesn't go into effect until 2018, they just chose not to.

We're not upset about the deficits, we're upset about your flip-flop on the deficits. You're the ones who screeched like barnyard animals about the deficit for years, using it as an excuse to oppose all Obama policies, now you're doing an about-face on the deficit, just like you did 16 years ago when Bush cut taxes and erased a surplus.

So no longer can you claim to be a "fiscal conservative", not that you ever were one anyway. You're just a fraud.

 

[Fort Fun Indiana]

The executives making $1000 an hour are laughing at how easy this is.

 

[Papageorgio]

Several employers are giving bonuses, raising pay and investing in their infrastructure as well as charitable giving.
So, time will tell, I am middle class and my taxes will reduce when the bill is signed.
Since those some on the left don’t think deficits matter, why are they upset?

And there's no way to tie those actions taken by employers right now to the tax cut since all those bonuses, pay raises and investment are coming from 2017 revenues, not 2018 revenues. AT&T could have paid those bonuses before the tax cut was passed, since the tax cut doesn't go into effect until 2018, they just chose not to.

We're not upset about the deficits, we're upset about your flip-flop on the deficits. You're the ones who screeched like barnyard animals about the deficit for years, using it as an excuse to oppose all Obama policies, now you're doing an about-face on the deficit, just like you did 16 years ago when Bush cut taxes and erased a surplus.

So no longer can you claim to be a "fiscal conservative", not that you ever were one anyway. You're just a fraud.

I didn’t flip flop, we need to raise taxes and cut spending. That is and has been my position since the 90’s, however you already knew that.

 

[The Derp]

Several employers are giving bonuses, raising pay and investing in their infrastructure as well as charitable giving.
So, time will tell, I am middle class and my taxes will reduce when the bill is signed.
Since those some on the left don’t think deficits matter, why are they upset?

And there's no way to tie those actions taken by employers right now to the tax cut since all those bonuses, pay raises and investment are coming from 2017 revenues, not 2018 revenues. AT&T could have paid those bonuses before the tax cut was passed, since the tax cut doesn't go into effect until 2018, they just chose not to.

We're not upset about the deficits, we're upset about your flip-flop on the deficits. You're the ones who screeched like barnyard animals about the deficit for years, using it as an excuse to oppose all Obama policies, now you're doing an about-face on the deficit, just like you did 16 years ago when Bush cut taxes and erased a surplus.

So no longer can you claim to be a "fiscal conservative", not that you ever were one anyway. You're just a fraud.

I didn’t flip flop, we need to raise taxes and cut spending. That is and has been my position since the 90’s, however you already knew that.

Yeah you did. You totally flip-flopped. You all screeched about debt throughout Obama's term. Now you're adding at least $1.5T to the debt.

And why do there need to be spending cuts in order for tax cuts "to work"? The two have nothing to do with one another. If you pull spending out of the economy through cuts to spending, and don't replace that spending from other sources, you end up contracting the economy. Unless you're now going to say that tax cuts don't pay for themselves in increased economic activity. And if they don't do that, then there's no justification for cutting them.

So the cognitive dissonance is strong with you.

 

[The Derp]

That is and has been my position since the 90’s, however you already knew that.

1. Bullshit, I don't believe you.
2. Cutting spending achieves what goal, exactly? Economies grow by spending. So if you cut spending, you're contracting the economy.

 

[Papageorgio]

Several employers are giving bonuses, raising pay and investing in their infrastructure as well as charitable giving.
So, time will tell, I am middle class and my taxes will reduce when the bill is signed.
Since those some on the left don’t think deficits matter, why are they upset?

And there's no way to tie those actions taken by employers right now to the tax cut since all those bonuses, pay raises and investment are coming from 2017 revenues, not 2018 revenues. AT&T could have paid those bonuses before the tax cut was passed, since the tax cut doesn't go into effect until 2018, they just chose not to.

We're not upset about the deficits, we're upset about your flip-flop on the deficits. You're the ones who screeched like barnyard animals about the deficit for years, using it as an excuse to oppose all Obama policies, now you're doing an about-face on the deficit, just like you did 16 years ago when Bush cut taxes and erased a surplus.

So no longer can you claim to be a "fiscal conservative", not that you ever were one anyway. You're just a fraud.

I didn’t flip flop, we need to raise taxes and cut spending. That is and has been my position since the 90’s, however you already knew that.

Yeah you did. You totally flip-flopped. You all screeched about debt throughout Obama's term. Now you're adding at least $1.5T to the debt.

And why do there need to be spending cuts in order for tax cuts "to work"? The two have nothing to do with one another. If you pull spending out of the economy through cuts to spending, and don't replace that spending from other sources, you end up contracting the economy. Unless you're now going to say that tax cuts don't pay for themselves in increased economic activity. And if they don't do that, then there's no justification for cutting them.

So the cognitive dissonance is strong with you.

Nope, we should not be cutting taxes, we should be raising taxes and we need a 25% spending cut. I was against the deficits during the Bush administration, so I have been consistent. I’m not adding a dime dumb ass, I’m against this as I said in another thread, we need to cut the deficits or we will be in trouble in the near future. A short term of contraction would hurt short term and benefit us in the long run. The issue is no politician will do the right thing because they want to be re-elected.

 

[Papageorgio]

That is and has been my position since the 90’s, however you already knew that.

1. Bullshit, I don't believe you.
2. Cutting spending achieves what goal, exactly? Economies grow by spending. So if you cut spending, you're contracting the economy.

In the other thread I gave you all the reasons we need to cut spending and raise taxes.

I would think you would love this tax cut, you get everyone paying less and you will see another $1.5 trillion added to the deficit which means more spending.

Why are you not for ending all taxes, since you claim deficits don’t matter. Also why are you not for government supplying food, housing, transportation and all utilities, since you claim deficits don’t matter?

 

[danielpalos]

End the drug war.

 

[Yousaidwhat]

I congratulate companies like AT&T and Boeing spreading the wealth

But I would like to remind them that this 50% tax cut is permanent
Will they be spreading the savings every year?

They usually do at AT&T. Aren't those employees CWA and IBEW?

Negotiated cola increases and other benefits through the unions during contract arbitration?

 

[The Derp]

Nope, we should not be cutting taxes, we should be raising taxes and we need a 25% spending cut..

Ah, interesting. So what made you come to that 25% number? It seems wholly arbitrary. And if you cut government spending by 25%, that's $750B you've taken out of the economy that wasn't replaced. That will lower growth by at least a quarter point. And from where do you actually cut spending? That part's always left vague and unanswered, mostly because your position is lazy. It's lazy to say "just randomly cut 25%". It means you value all spending as the same. So you're going to cut soldier pay by 25%? You're going to cut Medicare reimbursement rate 25%? You're going to cut domestic security by 25%? You're going to cut the VA by 25%? You're going to cut Social Security benefits by 25%?

I was against the deficits during the Bush administration, so I have been consistent. I’m not adding a dime dumb ass, I’m against this as I said in another thread, we need to cut the deficits or we will be in trouble in the near future. A short term of contraction would hurt short term and benefit us in the long run. The issue is no politician will do the right thing because they want to be re-elected.

By cutting spending and contracting the economy, you end up adding more to the deficit than if you didn't cut any spending at all and just raised taxes. Why do there have to be spending cuts and tax increases? Why can't there just be tax increases? That's what they did in Kansas and miraculously, surpluses appeared.

 

[Dschrute3]

Lowering the Corporate Tax Rate is a Yuge Trump accomplishment. It needed to be done years ago. It will likely = more American jobs. We need to get big American businesses thinking America again. Lowering the Corporate Tax Rate should do that. So i gotta give Trump Yuge props.

 

[The Derp]

A short term of contraction would hurt short term and benefit us in the long run.

That's a pretty big gamble. So then you assume somehow growth will compensate for the contraction? How does that happen? If the economy contracts and spending isn't increased, doesn't that create an economic death spiral? At what point does the economy cease contracting?

 

[The Derp]

Lowering the Corporate Tax Rate is a Yuge Trump accomplishment. It needed to be done years ago. It will likely = more American jobs. We need to get big American businesses thinking America again. Lowering the Corporate Tax Rate should do that. So i gotta give Trump Yuge props.

A corporation hires workers, expands, and invests in itself before a single cent of profit is taxed. In fact, they do that in order to avoid a higher tax liability. So lowering the corporate rate doesn't spur corporations to expand, it discourages it.

 

[The Derp]

In the other thread I gave you all the reasons we need to cut spending and raise taxes.

No you didn't. You're being lazy.

I would think you would love this tax cut, you get everyone paying less and you will see another $1.5 trillion added to the deficit which means more spending.

Why would I love a tax cut that raises taxes on most workers? And spending levels don't change. The deficit did because of a voluntary reduction in revenue. Like going to your boss and asking for a pay cut because you have a mortgage. Same stupid principle applies to this.

Why are you not for ending all taxes, since you claim deficits don’t matter. Also why are you not for government supplying food, housing, transportation and all utilities, since you claim deficits don’t matter?

Deficits don't matter if you have something to show for it, like universal health care coverage, revitalized infrastructure, free public colleges. Deficits do matter when they're used as an excuse to cut spending on things that are widely popular and have no chance at repealing through conventional legislation. So y'all do the next best thing, you exercise fiscal terrorism by flying planes of tax cuts into the budgets, then screech about the resulting debt hysteria and use it as an excuse to cut spending you're ideologically opposed to, yet lack the courage, support, or will to repeal through conventional legislation. And those cuts end up inflicting actual harm on people...so you cause harm to people in order to advance an ideological agenda. That's terrorism.

 

[Dschrute3]

Lowering the Corporate Tax Rate is a Yuge Trump accomplishment. It needed to be done years ago. It will likely = more American jobs. We need to get big American businesses thinking America again. Lowering the Corporate Tax Rate should do that. So i gotta give Trump Yuge props.

A corporation hires workers, expands, and invests in itself before a single cent of profit is taxed. In fact, they do that in order to avoid a higher tax liability. So lowering the corporate rate doesn't spur corporations to expand, it discourages it.

The Corporate Tax Rate was way too high. It needed to be lowered years ago. Canada saw a pretty nice economic boom after it lowered its rate. We need to find ways to get big businesses thinking America again. Lowering the Corporate Tax Rate will likely help in that regard. So Trump scored Yuge with me on this.

 

[The Derp]

The Corporate Tax Rate was way too high.

Corporations have seen record profits every year during Obama with this high tax rate. A higher corporate tax rate forces a business to invest in its workers and assets in order to avoid a tax liability. The corporate profit tax is paid after a business expands and invests, and that includes things like giving $1K bonuses...all that happens before a single cent of profit is taxed. Anyone who has ever worked for a business before knows this.

So what's your excuse?

It needed to be lowered years ago. Canada saw a pretty nice economic boom after it lowered its rate. We need to find ways to get big businesses thinking America again. Lowering the Corporate Tax Rate will likely help in that regard. So Trump scored Yuge with me on this.

Lowering the corporate tax rate has no bearing whatsoever on a company expanding, investing, or paying its workers more. All that happens pre-tax. All lowering a corporate profit tax rate does is reward shareholders and top executives.

Step 1: Business collects revenue
Step 2: Business expands, invests, gives bonuses and raises pay
Step 3: Business pays corporate profit tax on remaining revenues

That's the waterfall. That's how it works. So how does changing the rate in step #3 impact steps #1-#2? It doesn't.