Its not the GOP that is crediting the tax bill. Its the companies themselves. Even liberal ones like Apple. No matter what the Dems say that tax cut has been a good thing for the economy.
Just got my first check with the new tax laws.
- Thread starter beanerhawk
- Start date
The country is getting a huge boost from a provision that both Democrats and Republicans have claimed to support for years but never got done until this bill: Repatriation of funds invested overseas.
That problem is going no matter what.
We are not going to tax ourselves out of our budget mess because congress can’t stop spending regardless who is in power.
Default on debt is coming no matter what. Might as well keep more of my own money.
Massive business decisions are not made in a matter of weeks. The companies are crediting the tax cut because it's a smart political play which could reap additional benefits for their business down the road (i.e. when they want a questionable merger approved, etc.)
Then they will call in that political favor.
Okay, I am federal and ours changes Jan 1. The new rates haven't hit us yet.
Every economist said that, in the short term, the tax cut would boost the economy. The other question is what that boost will do to inflation and interest rates in the longer term, besides the increased deficits.
I didn't think they were supposed to be available until some time in February,.... Not sure about the OP.
Less take home -- about $250 a year. So basically break even. I'm lucky I moved from New Jersey, or my taxes would have gone up 4/5k.
Kind of like the bizarro minimum wage argument the Donkeycrats always put forth. 15.00/hr minimum? Why not make it 75.00/hr. and everyone will be rich. See how that works?
FWIW, pay stubs went out here this morning at our business and several people were all smiles after looking at them and realizing what I would consider modest increases of $5 - $15 per week.
See the bizarre argument in your statement is made by Republicans not Democrats. $75 an hour is an absurd amount stated only by Republicans who are too stupid to argument a legitimate question. On the other hand, a $15 an hour minimum wage is defensible as a starting point for a full time worker trying to support themselves.
See how that works, you attribute a stupid argument to Democrats when you were actually making it yourself. Sad.
Also consider that your take-home pay will go down at the beginning of the year if you had maxed out things like 401k, HSA or Social Security contributions before EOY. Once you hit max, those things stop being pulled out, but then you cross over January 1 and they start coming out again.
True, but there is a point in the mists....if $15 is good, why not $20? Or $25?
apple is so lib that rush Limbaugh happens to be a fan of their stuff and they refuse to acknowledge this fact at all. they could capitalize upon it. he even gives away free product to kind of poke at them. they still ignore it cause it is rush
This is one of the biggest benefits of the corporate tax cuts. It reduces the incentive to put HQ other places and keep money locked up offshore. This is going to pay for itself easily, IMHO. It's one of the few things I liked in the tax bill.
Says a guy who thinks Atilla the Hun is a bit left of center.
By the same token why not offer an even bigger tax break to corporations?
21%? Why didn't they do 5%?
If we were to actually default on our debt, what value do you think that money you kept would actually have? I guess you could just spend it before we get there.
This is the logic I never see discussed. All politicians just speak in hyperbole, taxes are ruining companies, lower taxes would give us all orgasms, etc. But clearly conservatives, especially ones who consider themselves of the fiscal variety, believe that taxes are necessary. The discussion always should be at what level, and to provide what services.
It won't matter...sitting at over 100% debt to GDP all we did was add a MPH or two to the vehicle as we are approaching the cliff. Hell this might give us a bit more glide time with the added speed.
This tax break is not a good thing for most of us so I don't know why we would be thanking anybody. If I am happy about an extra 10 bucks then I am being the mindless idiot the Republicans want me to be.
How cute.
Should I be blessed enough to have grandchildren one day I'll simply explain to them that Grandma and Grandpa still paid over 20% of our salary to the federal government, gave another 10% to charity each month, and set aside another 10% so their parents could go to college without acquiring huge debt. This doesn't include State local taxes, sales taxes, Social Security taxes Etc.
They'll be smart enough to be able to see Grandma and Grandpa lived a pretty modest lifestyle.
Then I will explain to them that if the federal government can't survive on the 20% they are getting from every working American then maybe they need to learn how to spend less.
If you are paying over 20% of your salary in federal taxes you must be making a pretty good salary!
I'm sure that will bring great comfort when they are cold and hungry.
