Trump's Tax Reform

[cwolff]

The latest Employment Situation report from the Bureau of Labor Statistics shows weekly employee earnings have grown $75 since tax reform passed, well short of the $4,000 to $9,000 annual increases projected by President Trump and House Speaker Paul Ryan (R-Wis.).

During the three months following passage of the tax bill, the average American saw a $6.21 increase in average weekly earnings. Assuming 12 weeks of work during the three months following passage of the corporate tax cuts, this equates to a $75 increase.

This isn't working out as planned. We better pass more tax cuts. Give the "makers" more money to piss down their legs and surely we'll all get wet? Right?

http://thehill.com/opinion/finance/3...rom-tax-reform

[cwolff]

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

To be fair, no one could see this coming. We though for sure all that extra money would trickle down.

[Parkbandit]

I can't speak for anyone else, but the tax cuts worked as intended for me.

We even hired a new employee from the uptick in business we've had.. and this is normally our slow season.

[time4fun]

To be fair, no one could see this coming. We though for sure all that extra money would trickle down.

[cwolff]

Seth Klarman, the billionaire CEO of the Baupost Group who the Economist once dubbed “The Oracle of Boston,” called out Republicans for failing to keep President Donald Trump in check.

Some good news from the shitty tax cuts. This guy has already donated a quarter million to Democrat campaigns.

He used to donate to the GOP, but has switched sides

[Gelston]

He used to donate to the GOP, but has switched sides

He is a registered independent and has donated to both sides. He donated to Hillary in 2016.

[Parkbandit]

He is a registered independent and has donated to both sides. He donated to Hillary in 2016.

Why don't you just SHUT UP! He actually found good news from the tax cuts that he couldn't before and now you ruined it.

Sure, he was able to increase his IRA, increase his medical insurance, set up a Roth and a HSA.. but with his feeble mind, he couldn't figure out that he was making more per paycheck.

At least this was something he could understand and you stole it from him.

Bastard.

[cwolff]

He is a registered independent and has donated to both sides. He donated to Hillary in 2016.

True, he donated to Hillary to defend the nation from trump.

From the Boston Globe:

By Annie Linskey Globe Staff
April 15, 2018
Boston hedge fund billionaire Seth Klarman lavished more than $7 million on Republican candidates and political committees during the Obama administration, using his fortune to help underwrite a GOP takeover of the federal government.

But the rise of Donald Trump shocked and dismayed Klarman, as did the timid response from the Republican-controlled House and Senate, which have acquiesced rather than challenge the president’s erratic and divisive ways. So, in an astonishing flip, Klarman, at one point New England’s most generous donor to Republicans, is taking his money elsewhere: He’s heaping cash on Democrats.

[Gelston]

From the Boston Globe:

So? He has a history of donating to both sides and IS a registered independent. You are trying to act as if he is "switching sides" when he was never on any side in the first place.

It is a fact that in 2016 he gave the max amount you can donate to the Hillary campaign.

[cwolff]

So? He has a history of donating to both sides and IS a registered independent. You are trying to act as if he is "switching sides" when he was never on any side in the first place.

It is a fact that in 2016 he gave the max amount you can donate to the Hillary campaign.

Yes I am. He's been a Republican donor. Spent 8 years fighting Obama. Trump turned him off and now this tax sham has completely turned him.