McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
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- Banned
- #1
'WASHINGTON (Reuters) - Republican U.S. Senator Marco Rubio, in a move that may undercut his party’s message about the recent tax overhaul ahead of the 2018 midterm elections, told the Economist magazine there is “no evidence whatsoever” the law significantly helped American workers.
“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” Rubio said in the interview published Thursday.
“In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”'
Senator Rubio says U.S. workers get little benefit from tax reform:...
Though I am a fan of lower corporate taxes (not a fan of lower taxes just for the rich), anyone who thought that corporations would pass on their savings to their workers or hire significantly more people clearly has no idea what today's economy is about.
Corporations are at the mercy of the Fed like everyone else. So all they are doing is buying back stocks and giving more money to shareholders...they are not significantly expanding and have not been for about a decade.
And if you say I am wrong...you prove what a macroeconomic ignoramus you are.
“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” Rubio said in the interview published Thursday.
“In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”'
Senator Rubio says U.S. workers get little benefit from tax reform:...
Though I am a fan of lower corporate taxes (not a fan of lower taxes just for the rich), anyone who thought that corporations would pass on their savings to their workers or hire significantly more people clearly has no idea what today's economy is about.
Corporations are at the mercy of the Fed like everyone else. So all they are doing is buying back stocks and giving more money to shareholders...they are not significantly expanding and have not been for about a decade.
And if you say I am wrong...you prove what a macroeconomic ignoramus you are.
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