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01-29-2018, 10:50 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Trump tax cuts wont offset the impending slowdown.
" business investment growth in the year after tax cuts has actually been shrinking since the 1960s"
https://www.bloomberg.com/view/artic...nding-slowdown
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01-30-2018, 11:26 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
WASHINGTON/NEW YORK (Reuters) - Two percent of U.S. adults said they had gotten a raise, bonus or other additional benefits due to the Republican tax law enacted a month ago by President Donald Trump, according to a Reuters/Ipsos poll released on Monday.
http://www.businessinsider.com/2-per...-passed-2018-1
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Absolutely freaking hilarious. Apparently, the survey folks worked pretty hard to try not to find anyone.
Meanwhile, back to reality:
Exxon Mobil announces $35 billion in new US investments over 5 years, citing tax reform
Exxon Mobil, the world's largest publicly traded oil company, on Monday said it plans to invest an additional $35 billion in the United States over the next five years.
As part of the investment, Exxon plans to increase production in the Permian basin, a shale oil region in western Texas and eastern New Mexico where the low cost of production has attracted drillers. Exxon said it will expand its operations, make improvements to infrastructure and construct manufacturing sites, activities that it expects will generate thousands of new jobs.
"These are all possible because of the resource base developed by our industry along with sound tax and regulatory policies that create a pro-growth business climate here in the U.S."
BAM!
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01-30-2018, 12:42 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
Again, Whell uses a single anecdote to try to prove a larger point....
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Been meaning to link to this, but reading back on the comments in this thread, it seems even more appropriate now.
https://www.usatoday.com/story/money...ed/1023848001/
Call it a list of Finn's anecdotes. . USA Today should really post a more current list, though.
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01-30-2018, 01:00 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,913
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Quote:
Originally Posted by whell
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You're too stupid to realize that you just made my point. Fifteen companies out of ~6 million American companies giving raises or bonuses hardly represents a strong trend. It's even less than the 2% I cited earlier.
__________________
As long as the roots are not severed, all will be well in the garden.
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01-30-2018, 02:47 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
You're too stupid to realize that you just made my point. Fifteen companies out of ~6 million American companies giving raises or bonuses hardly represents a strong trend. It's even less than the 2% I cited earlier.
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I could give you a bigger list that includes 285 companies, but you'd just bitch about the source. Here it is, anyway.
https://www.atr.org/list
But so what? I strongly suspect this list will continue to grow.
And leave it to you to bitch about the fact that folks are actually benefiting from all this. Your 2% number is horsecrap for a host of reasons. For example, I'd think in reality that its amazing that 2% of the folks whose highlight of any given day is to participate in a phone survey actually admitted to benefiting from a change in the tax law. Besides, the new tax withholding tables haven't started impacting take - home pay yet.
Bottom line: this whole thing is only a month old. If anyone else (likely someone with a "D" after their name on a ballot) were in the White House, we'd not see any of these announcements because there would not have been a business - friendly change in the tax law. And if there were such a change, you'd be trumpeting announcements like these by businesses. But, since there's a Repub in the White House, you're going to bitch about it endlessly.
Enjoy your angst.
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01-30-2018, 09:10 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Fact checking the dotard's speech.
https://www.npr.org/2018/01/30/58037...ress-annotated
According to the nonpartisan Tax Policy Center, 65 percent of the savings from the tax cut this year will go to taxpayers in the top 20 percent of the income ladder; 20 percent of the savings will go to the top 1 percent. By 2027, when many of the personal tax cuts are set to have expired, 83 percent of the savings will go to the top 1 percent of earners. (The bottom 60 percent will see a tax increase.)
Scott Horsley
NPR White House Correspondent
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-30-2018, 10:06 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,228
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Quote:
Originally Posted by whell
I could give you a bigger list that includes 285 companies, but you'd just bitch about the source. Here it is, anyway.
https://www.atr.org/list
But so what? I strongly suspect this list will continue to grow.
And leave it to you to bitch about the fact that folks are actually benefiting from all this. Your 2% number is horsecrap for a host of reasons. For example, I'd think in reality that its amazing that 2% of the folks whose highlight of any given day is to participate in a phone survey actually admitted to benefiting from a change in the tax law. Besides, the new tax withholding tables haven't started impacting take - home pay yet.
Bottom line: this whole thing is only a month old. If anyone else (likely someone with a "D" after their name on a ballot) were in the White House, we'd not see any of these announcements because there would not have been a business - friendly change in the tax law. And if there were such a change, you'd be trumpeting announcements like these by businesses. But, since there's a Repub in the White House, you're going to bitch about it endlessly.
Enjoy your angst.
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Grover 'Effin' Norquist? You follow that guy? Of course you do...
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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01-31-2018, 06:58 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by bobabode
Grover 'Effin' Norquist? You follow that guy? Of course you do...
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Well, if Finn didn't bitch about the source as I forecast in my post, you'd be the next logical forum member to do it. And, predictably, here you are.
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01-31-2018, 09:57 AM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,068
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A self entitled greedy trust fund kid?
Yup, the common man's representative, I trust him as much as I trust the Wall Street plutocrats that have been put in charge of economic policy to serve the public interest.
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I'll believe corporations are people when Texas executes one.
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02-01-2018, 12:28 PM
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Senior Member
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Join Date: May 2009
Location: SF east bay
Posts: 4,455
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Quote:
MILWAUKEE — Harley-Davidson's sales fell sharply in 2017 and the company will move ahead with a plan to consolidate manufacturing operations, including the closure of its Kansas City, Mo. plant.
The world's largest maker of heavyweight motorcycles has struggled to reverse a four-year sales slide, with growth overseas somewhat helping offset a decline in the U.S. bike market.
The Milwaukee-based company said its net income fell 82% in its fiscal fourth quarter to $8.3 million, compared with a year earlier. Earnings per share were 5 cents, down from 27 cents a year earlier. Revenue was $1.23 billion, up from $1.11 billion.
The earnings drop came in part because of a charge associated with President Trump's tax cut and a $29.4 million charge for a voluntary product recall.
Harley-Davidson worldwide retail motorcycle sales fell 6.7% in 2017 compared to 2016. The company's U.S. sales fell 8.5% and international sales were down 3.9%.
Harley has taken steps to counter what's been a prolonged downturn, including tightening motorcycle inventories.
https://www.usatoday.com/story/money...ll/1078008001/
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Nice tax cut, now KC Harley employees pay less than the Coke Bros.
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Russians who vote elect Republicans
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