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  • Trump Tax Reform Already Working

    Update 6:30 p.m.:
    Comcast-NBC Universal and Wells Fargo have joined with several other businesses to announce plans to use money saved by the Tax Cuts and Jobs Act for investments and bonuses. Comcast will award $1,000 bonuses to over 100 thousand employees and invest $50 billion over the next five years in infrastructure, due not only to the passage of the GOP tax-reform bill but also the repeal of net neutrality. Wells-Fargo will match Fifth-Third’s $15 minimum wage hike and intends to reach up to $400 million in philanthropic donations.



    4:30 p.m.:
    Earlier today, AT&T, Boeing, and Fifth-Third Bancorp announced separate plans to invest in the U.S. and pay workers bonuses with the money saved thanks to the Tax Cuts and Jobs Act. If President Donald Trump signs the bill, which passed both houses of Congress today, it will reduce the corporate tax rate by 14 percent, leading to a significant economic windfall for AT&T, Boeing, and other U.S. businesses.


    Fifth-Third will raise its hourly wage to $15 and pay over 13,000 employees a one-time bonus of $1,000 upon Trump’s signature.
    AT&T’s plan includes a $1,000 bonus awarded to 200,000 U.S. employees and a $1 billion investment in the United States. President Trump reacted positively to the AT&T news, saying, “That’s pretty good, that’s pretty good,” after reading the plan at a White House event.


    According to Boeing CEO Dennis Muilenburg, Boeing will invest $300 million in “employee-related and charitable investment.” Split into three $100 million chunks, the investment will support corporate charitable giving, workforce development, and infrastructure enhancements for Boeing employees.


    It’s good early news for the GOP, which faces a tough road ahead selling the bill as a success.

    http://www.nationalreview.com/corner...ses-investment
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  • #2
    I'd like to see what that bonus does to their tax brackets. My guess? Those receiving said "bonus" will find themselves paying more taxes. Prices for services will also rise to make up for the lost revenue that went into those bonuses, since corporations do nothing for free.

    FACT: The government is not paying for itself, and the money has to come from somewhere.
    Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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    • #3
      My guess is they're going to remember this come the 2018 election...

      I also think that as the economy picks up from this the Democrats will start running in circles hair on fire over the whole deal. It won't help that none of them voted for it. Looks like corporate America is going to actually do something with that money besides give their CEO's bonuses...

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      • #4
        Originally posted by T. A. Gardner View Post
        My guess is they're going to remember this come the 2018 election...

        I also think that as the economy picks up from this the Democrats will start running in circles hair on fire over the whole deal. It won't help that none of them voted for it. Looks like corporate America is going to actually do something with that money besides give their CEO's bonuses...
        That's a lot of voters who will have a fond experience of the GOP...

        15% off their taxes is something the corps won't forget. Money talks.
        Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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        • #5
          Some sobering facts on the new tax law:

          https://www.msn.com/en-us/news/factc...cid=spartandhp
          We are not now that strength which in old days
          Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
          Made weak by time and fate but strong in will
          To strive to seek to find and not to yield.

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          • #6
            Originally posted by Massena View Post
            Some sobering facts on the new tax law:

            https://www.msn.com/en-us/news/factc...cid=spartandhp
            Don't claim facts if all you have is an MSN link.
            Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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