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The Trump Effect: "40 companies give Trump tax reform bonuses, up to $2,000"

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  • #46
    Disney just announced $1000 bonuses for 125,000 employees and the creation of a new $50 million dollar fund for employee education benefits.

    The bonuses are going to all full-time and most part-time employees too...

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    • #47
      I might be a skeptic but I still think these companies will cancel any investment promises on any convenient excuse(and before doing any investments), such as the president changing.
      Wisdom is personal

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      • #48
        Well that's 3 years.....even if they stop after the next Presidential Election......they've still spent several fortunes in investments.
        Tacitos, Satrap of Kyrene

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        • #49
          Originally posted by TacCovert4 View Post
          Well that's 3 years.....even if they stop after the next Presidential Election......they've still spent several fortunes in investments.
          Until they spend something they haven't spent anything.
          Wisdom is personal

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          • #50
            Originally posted by Karri View Post
            Until they spend something they haven't spent anything.
            They've been spending since Q2 2017...
            Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004

            By Katia Dmitrieva
            January 3, 2018, 9:00 AM CST Updated on January 3, 2018, 10:53 AM CST

            U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday.

            [...]
            https://www.bloomberg.com/news/artic...ear-since-2004
            United States ISM Purchasing Managers Index (PMI) 1948-2018 | Data
            The Institute for Supply Management’s Manufacturing PMI in the US rose to 59.7 in December of 2017 from 58.2 in November, beating market expectations of 58.1. It is the highest reading in three months, boosted by production and new orders while job creation slowed. Business Confidence in the United States is reported by Institute for Supply Management.
            https://tradingeconomics.com/united-...ess-confidence



            The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings

            By Binyamin Appelbaum and Jim Tankersley
            Jan. 1, 2018

            WASHINGTON — A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly.

            While business leaders are eager for the tax cuts that take effect this year, the newfound confidence was initially inspired by the Trump administration’s regulatory pullback, not so much because deregulation is saving companies money but because the administration has instilled a faith in business executives that new regulations are not coming.

            “It’s an overall sense that you’re not going to face any new regulatory fights,” said Granger MacDonald, a home builder in Kerrville, Tex. “We’re not spending more, which is the main thing. We’re not seeing any savings, but we’re not seeing any increases.”

            [...]

            Even before it became clear that Republicans would pass a major tax cut, capital spending had risen significantly, climbing at an annualized rate of 6.2 percent during the first three quarters of last year. Surveys of planned spending also show increases.

            [...]

            https://www.nytimes.com/2018/01/01/u...ef=todayspaper


            The 6.2% increase in capital spending was in response to the regulatory relief. The tax cuts are already adding on to this.

            The Trump administration has already delivered billions of $ in regulatory relief to American businesses...


            The Trump Administration’s Historic Year in Deregulation
            DEC 18, 2017 - 12:30PM
            JOE JOHNSON
            Executive Director, Federal Regulatory Process Review and Analysis

            One of President Donald Trump’s first actions after entering the White House was beginning the process of rolling back the regulatory onslaught of his predecessor. As 2017 comes to a close, he should be pleased with the good start.

            [...]

            Each year OIRA reviews “significant regulations” as defined by Executive Order 12,866 totaling on average a few hundred per year. Of those, a substantially smaller number of regulations are economically significant, meaning they carry costs greater than $100 million per year. OIRA catalogs these most costly rules each year in an annual report to Congress, in which it reports the estimated costs and benefits of the rules.

            Since 2009, that has meant about 14 new major regulations each year, with estimated costs totaling about $12 billion annually. In comparison, in fiscal year 2017, there were only three new regulations put on the books while 67 deregulatory actions were completed, and the total annualized cost of new regulations was negative $570.4 million.

            Thus, instead of adding 14 big new rules and adding another $12 billion to the cumulative burden of regulations, this year the federal government, on net, reduced the number of new rules and reduced the cumulative burden of regulations. This is the first time since OIRA began reporting that the number of new rules has been so small and that the annualized change in the regulatory burden has been negative.
            https://www.uschamber.com/series/abo...r-deregulation

            The Future Capital Expenditures; Diffusion Index for FRB hasn't been this high since Ronald Reagan was in the White House.




            Federal Reserve Bank of Philadelphia, Future Capital Expenditures; Diffusion Index for FRB - Philadelphia District [CEFDFSA066MSFRBPHI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CEFDFSA066MSFRBPHI, January 2, 2018.

            Trump's first full year in office (Q2 2017-Q1 2018) is on track to exceeding 3% growth. In 8 years, of the Maobama maladministration, there was never 1 full year of 3% growth, a first in US history.



            NY Fed Nowcast has Q4 2017 at 3.9% and Q1 2019 at 3.1%.

            And that's just the tip of the iceberg...
            Apple Leads These Companies With Massive Overseas Cash Repatriation Tax Bills

            A new part of the GOP tax law has some of the United States’ biggest companies, from Apple to Goldman Sachs, already reporting major losses. The expenses stem from a one-time tax charge to repatriate, or return to its home country, overseas cash or funds.

            Overseas cash repatriation is an issue that’s been important to multinational corporations for a long time. It’s estimated that more than $2.6 trillion in corporate profits have been sitting in foreign bank accounts waiting for a tax break to be freed up. Apple’s overseas cash alone amounted to $252.3 billion, a treasure trove the company had been loathe to repatriate due to how much it would lose paying foreign cash taxes.

            The new GOP tax law allows U.S. companies to repatriate cash at reduced rates for a limited time. As a part of the tax reform, repatriation tax rates could be as low as 8%, compared to the 35% companies traditionally pay to repatriate that money, the New York Times reports.

            [...]
            http://fortune.com/2018/01/18/apple-...-gop-tax-plan/

            The one time tax charge could force many companies to report quarterly or annual losses... on paper... a no brainer. They stockpiled $2.6 trillion in earnings overseas to avoid paying 35-40% in taxes on them if they brought the funds back to the US. The one-time tax cut to 15.5% or lower will bring most of that money back into the US... this year.

            A $2.6 trillion injection into the US economy will fuel even stronger growth.
            Watts Up With That? | The world's most viewed site on global warming and climate change.

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