Quote:
Originally Posted by whell
You just can't help yourself can you? The challenge was to provide competing data that refutes the evidence that many, many companies (the list is now up to 303) are passing along the benefits of the corporate tax reduction to their employees...
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So, three hundred out of 6 million companies gave their employees a raise? What about the other 5,999,700 companies?
And what about this:
President Donald Trump’s administration will increase the amount of long-term debt it sells to $66 billion this quarter, marking the first boost in borrowing since 2009 as the Treasury seeks to cover mounting budget deficits.
The Treasury is shaping the government’s borrowing plans against a budget shortfall that grew to $665.7 billion last fiscal year because of higher spending on Medicare, Social Security and other programs for an aging population. The gap is expected to widen further due to tax cuts enacted this year that are projected to reduce revenue by almost $1.5 trillion over the next decade.
https://www.bloomberg.com/news/artic...ime-since-2009
So, whatever raises people in these 300 companies get will get eaten up by increased interest payments on home and car loans.