I found a fairly good description from the Chicago Tribune. You can review it from this link.
The final GOP tax bill is complete. Here's what is in it.
I don't see any fiscal responsibility in this bill what-so-ever.
Large corporations move jobs overseas to avoid payroll--payroll taxes, workman's compensation, medical insurance. IOW all of our required labor costs in this country. Does anyone really believe this is going to create jobs in this country? Or will they just take this new windfall and expand their operations overseas--or simply buyback their own stock? The large corporation tax rate went from 35% all the way down to 21% in this bill.
In the article it says:
If anyone sees where we're going to make up 1.5 trillion dollars in this bill in any of this, this thread is most certainly open for discussion.
The final GOP tax bill is complete. Here's what is in it.
I don't see any fiscal responsibility in this bill what-so-ever.
Large corporations move jobs overseas to avoid payroll--payroll taxes, workman's compensation, medical insurance. IOW all of our required labor costs in this country. Does anyone really believe this is going to create jobs in this country? Or will they just take this new windfall and expand their operations overseas--or simply buyback their own stock? The large corporation tax rate went from 35% all the way down to 21% in this bill.
In the article it says:
The final GOP tax bill is complete. Here's what is in it.It still amounts to roughly a $1 trillion tax cut for businesses over the next decade. Republicans argue this will make the economy surge in the coming years, but most independent economists and Wall Street banks predict only a modest and short-lived boost to growth.
If anyone sees where we're going to make up 1.5 trillion dollars in this bill in any of this, this thread is most certainly open for discussion.
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