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

[danielpalos]

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.

Tax cuts don't pay for themselves or we would have no debt.

 

[Dschrute3]

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.

Well, i guess we'll agree to disagree on this one. I think the Corporate Tax Rate should have been lowered years ago. I think lowering it, will encourage big American businesses to think America again. And that'll = more American jobs. Trump delivered. It's a yuge accomplishment.

 

[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.

Tax cuts don't pay for themselves or we would have no debt.

I'm fine with keeping more of my hard-earned money. I trust myself far more than i do Big Brother. And i think lowering the Corporate Tax Rate was long overdue. Canada experienced a pretty nice economic boom after it lowered its rate. We need to find ways to encourage American big businesses to think America again. Lowering the Corporate Tax Rate will = more American jobs down the road.

 

[HenryBHough]

AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the law is official.

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The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

So they're giving bonuses and not jelly of the month club memberships and INVESTING in the US......holy shit......who knew????
Well everyone who voted for and will sign this and all those like me that supported the bill......

liberals, life isn't that difficult and full of misery and pain like you think. Open your minds!

"Open your minds?"

Minds????

Minds????

All of a sudden liberals got minds - I mean other than the hive mind of Queen Bee Peolosi?

 

[The Derp]

I think the Corporate Tax Rate should have been lowered years ago. I think lowering it, will encourage big American businesses to think America again.

Again, a business expands and invests before a single cent of profit is taxed. So lowering the profit tax isn't going to magically make a business expand or invest, which it does before it pays a single cent in taxes on profits. You understand that, right? This isn't something that is up for debate. It is a fact that a business expands, invests, pays out bonuses to workers, and raises worker pay before any profit is taxed by the government.

And that'll = more American jobs. Trump delivered. It's a yuge accomplishment.

A lower corporate tax rate does not create any space for a business to expand or create jobs. That expansion and job creation happens pre-tax. So what we have here is an example of you being married to dogma. You have it in your head that the tax on corporate profits impact how a corporation expands or invests, and I'm telling you that it doesn't because the two are not intrinsically linked. Do you understand that?

 

[The Derp]

'GOP tax bill: AT&T, Boeing among corporations rewarding employees'

A business pays out bonuses to employees from pre-tax revenue. So AT&T doesn't need a cut in their tax rate to pay their employees bonuses.

You're an economic illiterate.

 

[danielpalos]

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.

Tax cuts don't pay for themselves or we would have no debt.

I'm fine with keeping more of my hard-earned money. I trust myself far more than i do Big Brother. And i think lowering the Corporate Tax Rate was long overdue. Canada experienced a pretty nice economic boom after it lowered its rate. We need to find ways to encourage American big businesses to think America again. Lowering the Corporate Tax Rate will = more American jobs down the road.

Nothing but propaganda. Paying for Government is an Obligation declared in our federal Constitution.

 

[easyt65]

'GOP tax bill: AT&T, Boeing among corporations rewarding employees'

Oh, God! Nancy Pelosi Was Right...this is 'Armageddon'!


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[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.

Tax cuts don't pay for themselves or we would have no debt.

I'm fine with keeping more of my hard-earned money. I trust myself far more than i do Big Brother. And i think lowering the Corporate Tax Rate was long overdue. Canada experienced a pretty nice economic boom after it lowered its rate. We need to find ways to encourage American big businesses to think America again. Lowering the Corporate Tax Rate will = more American jobs down the road.

Nothing but propaganda. Paying for Government is an Obligation declared in our federal Constitution.

I gave up on believing the Swamp Creatures will ever address the Debt. That ship has sailed. It just ain't gonna happen. It's all about the spending, not the taxing. The Swamp Creatures are addicted to spending other peoples' money. So i'm good with some tax cuts that allow me to keep more of my hard-earned money. I don't trust Big Brother with my money. I never will.

 

[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.

Tax cuts don't pay for themselves or we would have no debt.

I'm fine with keeping more of my hard-earned money. I trust myself far more than i do Big Brother. And i think lowering the Corporate Tax Rate was long overdue. Canada experienced a pretty nice economic boom after it lowered its rate. We need to find ways to encourage American big businesses to think America again. Lowering the Corporate Tax Rate will = more American jobs down the road.

Nothing but propaganda. Paying for Government is an Obligation declared in our federal Constitution.

I gave up on believing the Swamp Creatures will ever address the Debt. That ship has sailed. It just ain't gonna happen. It's all about the spending, not the taxing. The Swamp Creatures are addicted to spending other peoples' money. So i'm good with some tax cuts that allow me to keep more of my hard-earned money. I don't trust Big Brother with my money. I never will.

This tax plan will raise your taxes by 2027 to where you will pay more then than you do now. And you're gonna be spending more out of pocket on things like health care an education.

 

[WEATHER53]

Liberals don't want employee bonuses-they want more food stamps and housing vouchers
Trumps winning is killing them and their mantra

 

[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.

Tax cuts don't pay for themselves or we would have no debt.

I'm fine with keeping more of my hard-earned money. I trust myself far more than i do Big Brother. And i think lowering the Corporate Tax Rate was long overdue. Canada experienced a pretty nice economic boom after it lowered its rate. We need to find ways to encourage American big businesses to think America again. Lowering the Corporate Tax Rate will = more American jobs down the road.

Nothing but propaganda. Paying for Government is an Obligation declared in our federal Constitution.

I gave up on believing the Swamp Creatures will ever address the Debt. That ship has sailed. It just ain't gonna happen. It's all about the spending, not the taxing. The Swamp Creatures are addicted to spending other peoples' money. So i'm good with some tax cuts that allow me to keep more of my hard-earned money. I don't trust Big Brother with my money. I never will.

This tax plan will raise your taxes by 2027 to where you will pay more then than you do now. And you're gonna be spending more out of pocket on things like health care an education.

It's all about the spending, not the taxing. Americans pay enough taxes. Big Brother is receiving massive tax revenue. It's not the American Taxpayer's fault we're in debt. We're in debt because of the corrupt Swamp Creatures. Citizens just send their hard-earned money in. They can't control what the Swamp Creatures do with it.

 

[The Sage of Main Street]

Oh man, you mean to tell me there is company out there that will not simply pocket the billions but share some of it with the workers? CRAZY!

meanwhile 200,000x1000 = 200 million.

Cost of tax-cuts to our national debt? 1.7 TRILLION

By the way, this company is not ATT

AT&T is squaring off with the Justice Department over its $85.4 billion acquisition of Time Warner. The department has filed a lawsuit to block the tie-up, saying it would be bad for consumers and result in higher cable bills. Trump has also called the deal "not good for the country."

Yes it's a publicity stunt and our kids are actually assuming debt for the 200 million in bonuses. But a corporate cut in theory can boost investment, and depending on the number of US humans AT&T needs, it can create jobs. Assuming we have trained workers we don't need to import from India.

Sure it can, but corporations ACTUALLY only pay 18% because of all the special deals. We could have had 21% corporate tax rate at a SMALL FRACTION of the cost to the deficits if Republican pussies would actually dare to cut out some of these.

That's probably true. Was it necessary to both cut their taxes to 20 (21?) % and allow them to expense (tax expenditure) all investment? And what will be the net effect on debt?

I really don't know. It's the gop gamble.

A Seed Doesn't Grow in Sand

The best investment-substitute for paying taxes is to recruit and pay tuition and salary to the most talented for education and training. The present class-biased indentured servitude puts inferior people in superior positions and doesn't even get enough of that ilk. It is the unspoken cause of our economic decline.

Unless Americans wake up to this fraud, the epitaph on the economy's tombstone will read: TO GET A GOOD JOB, GET A GOOD EDUCATION. Notice that the authoritarian slogan doesn't say "To do a good job." Nor why the corporate parasites have the right to tell us what to do to make the rich richer.

 

[The Sage of Main Street]

All the lefty sour grapes...

Someone should start a sour grapes thread for them to vent in.

Someone should!

Wine comes from grapes, whine comes from sour grapes.

 

[The Derp]

Liberals don't want employee bonuses-they want more food stamps and housing vouchers
Trumps winning is killing them and their mantra

Employee bonuses that would be less than a $0.50 wage increase.

 

[The Derp]

It's all about the spending, not the taxing. Americans pay enough taxes. Big Brother is receiving massive tax revenue. It's not the American Taxpayer's fault we're in debt. We're in debt because of the corrupt Swamp Creatures. Citizens just send their hard-earned money in. They can't control what the Swamp Creatures do with it.

Government spends money in the economy. That is literally what government spending is. If you pull back government spending and don't replace that demand from another source, then the economy will contract. Once an economy starts contracting, only spending increases can reverse that contraction.

You economic illiterates still don't understand how our economy works, even after all these years of posturing.

 

[BluesLegend]

Liberals don't want employee bonuses-they want more food stamps and housing vouchers
Trumps winning is killing them and their mantra

Employee bonuses that would be less than a $0.50 wage increase.

They got a bonus plus a wage increase plus a 2nd bonus

 

[The Derp]

They got a bonus plus a wage increase plus a 2nd bonus

The wage increase was already a part of the contract negotiations the union made. So AT&T doesn't get credit for that. Secondly, the "second bonus" of $1K is paid from 2017 revenues, which aren't subject to the lower corporate profit tax. So AT&T didn't need a tax cut to give bonuses to their employees, and this tax cut -which doesn't take effect until 2018- has nothing to do with paying out bonuses from 2017 revenues.

AT&T only said they're doing this for no other reason than to fluff Trump ahead of the March 19th hearing on its acquisition of Time Warner.

 

[BluesLegend]

They got a bonus plus a wage increase plus a 2nd bonus

The wage increase was already a part of the contract negotiations the union made. So AT&T doesn't get credit for that. Secondly, the "second bonus" of $1K is paid from 2017 revenues, which aren't subject to the lower corporate profit tax. So AT&T didn't need a tax cut to give bonuses to their employees, and this tax cut -which doesn't take effect until 2018- has nothing to do with paying out bonuses from 2017 revenues.

AT&T only said they're doing this for no other reason than to fluff Trump ahead of the March 19th hearing on its acquisition of Time Warner.

It eats at you obviously that AT&T rewarded their employees with a bonus after the Trump tax reform bill was passed, you see bitter and consumed with rage.

 

[The Derp]

It eats at you obviously that AT&T rewarded their employees with a bonus after the Trump tax reform bill was passed, you see bitter and consumed with rage.

You're being taken for a ride, just like you were taken for a ride with the tax bill that will end up raising your taxes above what you pay now by 2027.