Mainecat Posted June 16, 2019 Share Posted June 16, 2019 HUGE TRUMP FAIL..... Bosses pocket Trump tax windfall as workers see job promises vanish Source: The Guardian Bosses pocket Trump tax windfall as workers see job promises vanish AT&T, General Motors and Wells Fargo vowed to use tax cuts to create jobs. In fact, they did the opposite Michael Sainato Sun 16 Jun 2019 07.00 BST Last modified on Sun 16 Jun 2019 13.52 BST These sudden mass layoffs have become increasingly common for workers at AT&T and many other big firms. But it was not meant to be that way. AT&T’s CEO, Randall Stephenson, promised in November 2017 to invest $1bn in capital expenditure and create 7,000 new jobs at the company if Trump’s hugely controversial tax cut bill passed. Many opponents had slammed the cuts as a corporate giveaway that benefited the super-rich. But big firms lobbied for it, saying – as AT&T did – that it would fund job-creating expansions. The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn. AT&T is among several large corporations whose CEOs announced support of the Trump tax cut bill by claiming if the legislation passed, their companies would ensure workers reaped benefits from it. But a report published on 22 May by the Congressional Research Service, a non-partisan thinktank for members of Congress, found the tax cuts did not significantly affect the economy or boost wages, but benefited investors more than anyone else. Read more: https://www.theguardian.com/business/2019/jun/15/job-losses-trump-tax-cut-at-t-general-motors-wells-fargo Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 16, 2019 Share Posted June 16, 2019 These "bash trump" articles just are hilarious. Hey, just think what would have happened if trump didn't give us all that tax windfall. What is better, a tax windfall to be used as we want or just not have the tax windfall at all? Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted June 16, 2019 Share Posted June 16, 2019 Whose money is lt? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted June 16, 2019 Share Posted June 16, 2019 5 minutes ago, Sleepr2 said: Whose money is lt? The libtard’s money!!!! It’s all money for them to stop climate change!!!!! And it’s being spent by the selfish people that earned it!!!!!!! Quote Link to comment Share on other sites More sharing options...
Cold War Posted June 16, 2019 Share Posted June 16, 2019 Yup, just took the money home and stuffed it in the old mattress. Damn, fat cats. Maybe, they did have to buy new bigger mattresses to fit all the loot. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 16, 2019 Author Share Posted June 16, 2019 1 hour ago, racer254 said: These "bash trump" articles just are hilarious. Hey, just think what would have happened if trump didn't give us all that tax windfall. What is better, a tax windfall to be used as we want or just not have the tax windfall at all? Bash Trump? Reality sucks. How about we not finance the 1.5 trillion on the future generation? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 16, 2019 Author Share Posted June 16, 2019 Remember when Obama raised taxes? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted June 16, 2019 Share Posted June 16, 2019 2 minutes ago, Mainecat said: Remember when Obama raised taxes? Quote Link to comment Share on other sites More sharing options...
Cold War Posted June 16, 2019 Share Posted June 16, 2019 1 minute ago, Zambroski said: Pass. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted June 16, 2019 Share Posted June 16, 2019 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted June 16, 2019 Share Posted June 16, 2019 The fact is our tax code put U.S. based companies at a major disadvantage. Trillions of dollars was stuck overseas since it cost so much to repatriate the money. Remember all the corporate inversions that the libs were complaining about? Not the case any more. Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 17, 2019 Share Posted June 17, 2019 1 hour ago, Mainecat said: Bash Trump? Reality sucks. How about we not finance the 1.5 trillion on the future generation? I say we just stop giving them the money. Maybe they will stop spending it then. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 17, 2019 Author Share Posted June 17, 2019 4 minutes ago, racer254 said: I say we just stop giving them the money. Maybe they will stop spending it then. Deflection noted. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted June 17, 2019 Share Posted June 17, 2019 3 minutes ago, racer254 said: I say we just stop giving them the money. Maybe they will stop spending it then. It’s weird with all the g-ment bashing threads here the IRS gets a good leaving alone. Public enemy #1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 17, 2019 Author Share Posted June 17, 2019 You clowns support this shit.... The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted June 17, 2019 Share Posted June 17, 2019 Just now, Mainecat said: You clowns support this shit.... The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn. You really just don’t know what you are talking about. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted June 17, 2019 Share Posted June 17, 2019 1 minute ago, Mainecat said: You clowns support this shit.... The bill was voted into law in December 2017, reducing the corporate tax rate from 35% to 21%. AT&T’s benefit was a tax windfall of $21bn and an additional estimated $3bn annually. But instead of creating jobs and increasing investment into the company, AT&T has eliminated 23,328 jobs since the tax cut bill was passed, according to a recent report by the Communications Workers of America. The CWA also said AT&T reduced their capital investments by $1.4bn. How many of those jobs were at fake news CNN? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 17, 2019 Author Share Posted June 17, 2019 Those corporate tax cuts are permanent. Not so for average Joe. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 17, 2019 Share Posted June 17, 2019 4 minutes ago, Mainecat said: Those corporate tax cuts are permanent. Not so for average Joe. Your corp taxes were far to high, your personal too low. One got fixed. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 17, 2019 Author Share Posted June 17, 2019 6 minutes ago, ArcticCrusher said: Your corp taxes were far to high, your personal too low. One got fixed. Compared to? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 17, 2019 Share Posted June 17, 2019 1 minute ago, Mainecat said: Compared to? Everyone else? Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 17, 2019 Share Posted June 17, 2019 1 hour ago, Mainecat said: Those corporate tax cuts are permanent. Not so for average Joe. LOL. Wow, how can you be this ignorant. Quote Link to comment Share on other sites More sharing options...
Snake Posted June 17, 2019 Share Posted June 17, 2019 1 hour ago, Mainecat said: Those corporate tax cuts are permanent. Not so for average Joe. Republicans in the house passed a bill in September to make the personal cuts permanent. No dem voted for that. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted June 17, 2019 Share Posted June 17, 2019 11 minutes ago, racer254 said: LOL. Wow, how can you be this ignorant. Amazingly bad blood lines. Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 17, 2019 Share Posted June 17, 2019 52 minutes ago, Zambroski said: Amazingly bad blood lines. What person with any type of common sense actually believes that any tax cut will ever be permanent? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.