Plan to Cut Corporate Tax Rate to 15%

https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
If you live in a white trash country, which voted overwhelmingly for Trump and you find your life better because the rich are getting richer and Trump's promises are connecting to you, than yes, its a win. But you know and I know, talk is not only cheap, it doesn't pay bills or put food on the table....but as long as red necks are happy, hey, more power!!!

In a few more months, reality will sink in and idiots will wake up.....no infastructure bill is coming, no mega jobs from China, no wage increases, Trump is gonna make you idiots life a living hell in a few more months, you'll see

Trickle down has never ever ever ever ever ever worked.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

Just some random observations based on this 15% outline of a plan to create a plan...

Average effective tax rate for large corporations right now is around 19% so we're looking at a roughly 4% boost to the bottom line, many of our largest corporations are already sitting on mountains of cash which means that it's not likely they're going to go on an expansion spending spree with a 4% bump, what's more likely to happen with those corporations is an increased pace of stock buybacks and higher dividends, which is good for investors but isn't likely to translate into a massive labor market expansion.

For foreign companies it does provide an attractive incentive to locate within the U.S. which is a good potential job creator as well as pulling in new investment to the U.S..

For SMB's it'll be a mixed bag depending on where they are now with taxes, it'll be great for the retail sector since it gets hit hardest by income taxes so I'd imagine we'd see some positive job creation there but less so for sectors with a lighter income tax burden.

All in all (if this ever becomes law, which is a BIG if) I'd expect this will be a positive for job creation and have a significant upside for investors as well as allowing certain sectors some cushion in terms of pricing, however IMHO it still doesn't go far enough (Corporate rates should be ZERO in my estimation).
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

Just some random observations based on this 15% outline of a plan to create a plan...

Average effective tax rate for large corporations right now is around 19% so we're looking at a roughly 4% boost to the bottom line, many of our largest corporations are already sitting on mountains of cash which means that it's not likely they're going to go on an expansion spending spree with a 4% bump, what's more likely to happen with those corporations is an increased pace of stock buybacks and higher dividends, which is good for investors but isn't likely to translate into a massive labor market expansion.

For foreign companies it does provide an attractive incentive to locate within the U.S. which is a good potential job creator as well as pulling in new investment to the U.S..

For SMB's it'll be a mixed bag depending on where they are now with taxes, it'll be great for the retail sector since it gets hit hardest by income taxes so I'd imagine we'd see some positive job creation there but less so for sectors with a lighter income tax burden.

All in all (if this ever becomes law, which is a BIG if) I'd expect this will be a positive for job creation and have a significant upside for investors as well as allowing certain sectors some cushion in terms of pricing, however IMHO it still doesn't go far enough (Corporate rates should be ZERO in my estimation).
How deceptive of you.

The top rate is over 38%

TRADING ECONOMICS | 300.00 INDICATORS | 196 COUNTRIES

I really hate it when people lie like this..
 
The idea is to make it financially attractive to build and expand in the USA. When corporations build and expand their operations in this country, jobs are created in this country. Good paying, blue and white collar jobs. Many of them union jobs.

When corporations do well, everyone does well, and yes, some people get rich. So fricking what? Those rich people pay most of the income taxes collected by the government. Take away the rich and you have no government funding for welfare, food stamps, unemployment, or any other government service.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
If you live in a white trash country, which voted overwhelmingly for Trump and you find your life better because the rich are getting richer and Trump's promises are connecting to you, than yes, its a win. But you know and I know, talk is not only cheap, it doesn't pay bills or put food on the table....but as long as red necks are happy, hey, more power!!!

In a few more months, reality will sink in and idiots will wake up.....no infastructure bill is coming, no mega jobs from China, no wage increases, Trump is gonna make you idiots life a living hell in a few more months, you'll see

Trickle down has never ever ever ever ever ever worked.


you are totally full of shit. But I get it, your wonderful glorious hildebeast lost and you just cannot get over it. Suck it up, snowflake, Trump won and the country is much better off because of it.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

Just some random observations based on this 15% outline of a plan to create a plan...

Average effective tax rate for large corporations right now is around 19% so we're looking at a roughly 4% boost to the bottom line, many of our largest corporations are already sitting on mountains of cash which means that it's not likely they're going to go on an expansion spending spree with a 4% bump, what's more likely to happen with those corporations is an increased pace of stock buybacks and higher dividends, which is good for investors but isn't likely to translate into a massive labor market expansion.

For foreign companies it does provide an attractive incentive to locate within the U.S. which is a good potential job creator as well as pulling in new investment to the U.S..

For SMB's it'll be a mixed bag depending on where they are now with taxes, it'll be great for the retail sector since it gets hit hardest by income taxes so I'd imagine we'd see some positive job creation there but less so for sectors with a lighter income tax burden.

All in all (if this ever becomes law, which is a BIG if) I'd expect this will be a positive for job creation and have a significant upside for investors as well as allowing certain sectors some cushion in terms of pricing, however IMHO it still doesn't go far enough (Corporate rates should be ZERO in my estimation).
How deceptive of you.

The top rate is over 38%
LOL, Do You need help with understanding the word EFFECTIVE or sumptin' ?
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
If you live in a white trash country, which voted overwhelmingly for Trump and you find your life better because the rich are getting richer and Trump's promises are connecting to you, than yes, its a win. But you know and I know, talk is not only cheap, it doesn't pay bills or put food on the table....but as long as red necks are happy, hey, more power!!!

In a few more months, reality will sink in and idiots will wake up.....no infastructure bill is coming, no mega jobs from China, no wage increases, Trump is gonna make you idiots life a living hell in a few more months, you'll see

Trickle down has never ever ever ever ever ever worked.

As I have always said, only one thing trickles down: URINE.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
I do believe they are making it a three year program...Or they could take it down to 15% and take away the deductions..If you think that corporations will lower the cost of a product, we are still waiting for prices to go down that went up during the high gasoline prices of 2007..
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

I'm thinking that most of the extra money will be spent on bonuses for executives, and some of what is left over will be saved for Golden Parachutes.

Without some sort of mandate to spend the saved money in a way that would benefit the little people, why would a corporation do anything else?
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

I'm thinking that most of the extra money will be spent on bonuses for executives, and some of what is left over will be saved for Golden Parachutes.

Without some sort of mandate to spend the saved money in a way that would benefit the little people, why would a corporation do anything else?
That's a very narrow view IMHO, generally speaking corporations aren't the evil empires that some people try to depict them as, ultimately they're answerable to their shareholders which means that shareholder return is paramount, "bonuses" for executives don't meet that standard unless they're required to attract and retain talent that is necessary to maximize returns.

What does have the most immediate positive impact on shareholder returns for large, mature corporations are share buybacks and dividend increases and that is exactly what has been happening over the past decade, that does help the "little guy" in the form of higher returns on retirement (401K, IRA) and after tax investment account returns. What also helps the "little guy" is corporate CAPITAL INVESTMENT because it boosts productivity (and incidentally expands employment) which is the basis for higher WAGES. Corporations invest in capital when they expect a higher return on such investments than they can get elsewhere and a big part of the determining factor for that is the ability to forecast future market and statutory conditions (risk assessment), in other words if the future is uncertain they're going to hang onto their cash instead of investing it in capital, which is what we have now and explains our consistent low productivity growth and wage stagnation for the "little guy".

Mandating how corporations spend the money that they EARN is completely antithetical to American Values and completely unnecessary if you create a climate of economic growth where businesses can invest in capital with some certainty they'll see superior return to just sitting on their hands and accumulating cash/equivalents and buying their own shares back.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
If you live in a white trash country, which voted overwhelmingly for Trump and you find your life better because the rich are getting richer and Trump's promises are connecting to you, than yes, its a win. But you know and I know, talk is not only cheap, it doesn't pay bills or put food on the table....but as long as red necks are happy, hey, more power!!!

In a few more months, reality will sink in and idiots will wake up.....no infastructure bill is coming, no mega jobs from China, no wage increases, Trump is gonna make you idiots life a living hell in a few more months, you'll see

Trickle down has never ever ever ever ever ever worked.
In other words you have no idea what the tax cuts will mean, but you are sure you are against them.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

Just some random observations based on this 15% outline of a plan to create a plan...

Average effective tax rate for large corporations right now is around 19% so we're looking at a roughly 4% boost to the bottom line, many of our largest corporations are already sitting on mountains of cash which means that it's not likely they're going to go on an expansion spending spree with a 4% bump, what's more likely to happen with those corporations is an increased pace of stock buybacks and higher dividends, which is good for investors but isn't likely to translate into a massive labor market expansion.

For foreign companies it does provide an attractive incentive to locate within the U.S. which is a good potential job creator as well as pulling in new investment to the U.S..

For SMB's it'll be a mixed bag depending on where they are now with taxes, it'll be great for the retail sector since it gets hit hardest by income taxes so I'd imagine we'd see some positive job creation there but less so for sectors with a lighter income tax burden.

All in all (if this ever becomes law, which is a BIG if) I'd expect this will be a positive for job creation and have a significant upside for investors as well as allowing certain sectors some cushion in terms of pricing, however IMHO it still doesn't go far enough (Corporate rates should be ZERO in my estimation).
How deceptive of you.

The top rate is over 38%
LOL, Do You need help with understanding the word EFFECTIVE or sumptin' ?
What will be the effective tax rate when the legal rate is lowered to 15%?
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?


Corporate tax windfalls are not what drive job creation. Demand is what drives job creation. Cutting the corporate tax rate in an environment where we need to reduce our deficit and address the national debt is about the worst idea imaginable. Corporate profits have consistently hit record highs each quarter for the last five to six years, so it's not as if corporations are in need of tax relief. Also, tax rates are not what drive price. A combination of supply and demand is what drives price. Corporate tax rates are fine where the are. Over 12 million private sector jobs were created during the Obama era under those tax rates.

If you want a tax policy that will stimulate the economy and create more jobs, cut taxes for the bottom personal income brackets and offset that by raising taxes on the higher income brackets. This is a no brainer, though it seems to escape the republican electorate. Tax cuts for the lower income brackets would provide a boost to aggregate demand, which would lead businesses to hire more employees to meet that demand.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
If you live in a white trash country, which voted overwhelmingly for Trump and you find your life better because the rich are getting richer and Trump's promises are connecting to you, than yes, its a win. But you know and I know, talk is not only cheap, it doesn't pay bills or put food on the table....but as long as red necks are happy, hey, more power!!!

In a few more months, reality will sink in and idiots will wake up.....no infastructure bill is coming, no mega jobs from China, no wage increases, Trump is gonna make you idiots life a living hell in a few more months, you'll see

Trickle down has never ever ever ever ever ever worked.

As I have always said, only one thing trickles down: URINE.
Piss and bullshit.....LOLOLOL
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?


Corporate tax windfalls are not what drive job creation. Demand is what drives job creation. Cutting the corporate tax rate in an environment where we need to reduce our deficit and address the national debt is about the worst idea imaginable. Corporate profits have consistently hit record highs each quarter for the last five to six years, so it's not as if corporations are in need of tax relief. Also, tax rates are not what drive price. A combination of supply and demand is what drives price. Corporate tax rates are fine where the are. Over 12 million private sector jobs were created during the Obama era under those tax rates.

If you want a tax policy that will stimulate the economy and create more jobs, cut taxes for the bottom personal income brackets and offset that by raising taxes on the higher income brackets. This is a no brainer, though it seems to escape the republican electorate. Tax cuts for the lower income brackets would provide a boost to aggregate demand, which would lead businesses to hire more employees to meet that demand.
Preach!!! How many times have we tried this trickle down bullshit? How many times has it failed to deliver jobs? And you are so right, its the little guy that gives our economy its biggest rewards....when we buy things...duh. But republicans have never been for the little guy, never will be for the little guy and the only use they have the little guy, is during elections......sadly the little guy is too gotdamned stupid to figure the shit out!!
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?


Corporate tax windfalls are not what drive job creation. Demand is what drives job creation. Cutting the corporate tax rate in an environment where we need to reduce our deficit and address the national debt is about the worst idea imaginable. Corporate profits have consistently hit record highs each quarter for the last five to six years, so it's not as if corporations are in need of tax relief. Also, tax rates are not what drive price. A combination of supply and demand is what drives price. Corporate tax rates are fine where the are. Over 12 million private sector jobs were created during the Obama era under those tax rates.

If you want a tax policy that will stimulate the economy and create more jobs, cut taxes for the bottom personal income brackets and offset that by raising taxes on the higher income brackets. This is a no brainer, though it seems to escape the republican electorate. Tax cuts for the lower income brackets would provide a boost to aggregate demand, which would lead businesses to hire more employees to meet that demand.
What was the demand for small computers before venture capitalists using new money from Reagan's deregulation and tax cuts provided capital for companies like Apple, Microsoft, etc.? There was none, but the "windfall's from Reagan policies allowed investors to take risks on new investments that eventually drove the prosperity of the 1990's. No amount of middle class tax cuts intended to increase demand could have done this.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
IMHO Depends on what those corporations spend the extra money on and what sectors we're talking about.

Just some random observations based on this 15% outline of a plan to create a plan...

Average effective tax rate for large corporations right now is around 19% so we're looking at a roughly 4% boost to the bottom line, many of our largest corporations are already sitting on mountains of cash which means that it's not likely they're going to go on an expansion spending spree with a 4% bump, what's more likely to happen with those corporations is an increased pace of stock buybacks and higher dividends, which is good for investors but isn't likely to translate into a massive labor market expansion.

For foreign companies it does provide an attractive incentive to locate within the U.S. which is a good potential job creator as well as pulling in new investment to the U.S..

For SMB's it'll be a mixed bag depending on where they are now with taxes, it'll be great for the retail sector since it gets hit hardest by income taxes so I'd imagine we'd see some positive job creation there but less so for sectors with a lighter income tax burden.

All in all (if this ever becomes law, which is a BIG if) I'd expect this will be a positive for job creation and have a significant upside for investors as well as allowing certain sectors some cushion in terms of pricing, however IMHO it still doesn't go far enough (Corporate rates should be ZERO in my estimation).
How deceptive of you.

The top rate is over 38%
LOL, Do You need help with understanding the word EFFECTIVE or sumptin' ?
What will be the effective tax rate when the legal rate is lowered to 15%?

We don't have enough details (yet) to say exactly BUT the intention is clear to eliminate deductions and loopholes namely; narrow the spread between the statutory corporate rate and the effective corporate rate. Ideally the spread would be ZERO but that cannot be determined without reviewing the actual language in the legislation, all we know at this point is that if this were to become law (BIG if) that the average effective rate wouldn't be higher than 15%.
 
https://www.nytimes.com/2017/04/24/us/politics/trump-corporate-tax-rate-15-percent.html?_r=0

This plan sounds great!

With all the money saved by corporations, think of how many new jobs they will create!!! Plus the price of EVERYTHING will go down!!!

This is a WIN for the AMERICAN PEOPLE!!

Any thoughts?
If you live in a white trash country, which voted overwhelmingly for Trump and you find your life better because the rich are getting richer and Trump's promises are connecting to you, than yes, its a win. But you know and I know, talk is not only cheap, it doesn't pay bills or put food on the table....but as long as red necks are happy, hey, more power!!!

In a few more months, reality will sink in and idiots will wake up.....no infastructure bill is coming, no mega jobs from China, no wage increases, Trump is gonna make you idiots life a living hell in a few more months, you'll see

Trickle down has never ever ever ever ever ever worked.

As I have always said, only one thing trickles down: URINE.
Only if you pee in your pants, right?

I think the tax cut is a wonderful idea. One thing, that some cannot for the life of them to grasp is that whatever these companies do with THEIR money, it is THEIR money do with as they see fit!
 

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