If you want to live in Fantasyland while you spew one false equivalency after another, be my guest.

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

I’m sure PM is comforted by the fact that Trump will be paying way more after this tax reform goes through...and drive his accountants crazy.

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Mr. Trump is unfit for our nation’s highest office.- JD Vance
If you committed violence on that day, obviously, you shouldn’t be pardoned.- JD Vance on the J-6 insurrectionists

Did you think he would say “we are going to rape the public now that net neutrality has been repealed”? He’s not an idiot leader who doesn’t understand the importance of words.

_________________
Mr. Trump is unfit for our nation’s highest office.- JD Vance
If you committed violence on that day, obviously, you shouldn’t be pardoned.- JD Vance on the J-6 insurrectionists

Many CEOs have already publicly said that they will be pocketing the money they save on the tax cuts. They aren't even trying to hide it.

https://www.marketwatch.com/story/despi ... 2017-11-15

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

Because since the Godfather of trickle down took office in 1980 the top 1% earnings have skyrocketed while everyone else stagnated?

I think I'd be almost fully on board if the individual tax cuts were permanent.

I'll take the money. And the corporate rate was too high.

Hard to embrace globalism and shake down corporations simultaneously.

Rick, to your question about Dems plan...I would say your point would/will be stronger if the Dems still had nothing 3-4-7 years down the line like GOP on healthcare.

The carried interest loophole is bullshit, they should have gotten rid of that.

Back to the drawing board on healthcare.

This is nice for those employees. I think from a PR standpoint would have been better to announce tomorrow. Looks a little....I don't know. Whatever, good for them.

You're joking with the trickle thing though right? You don't believe in the trickle down theory or do you?

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

The effective corporate tax rate was not really out of line with comparable industrialized nations. The rate used in arguments for a cut was rarely paid.

As far as taking the money, I guess you’re ok with exploding deficits.

_________________
Mr. Trump is unfit for our nation’s highest office.- JD Vance
If you committed violence on that day, obviously, you shouldn’t be pardoned.- JD Vance on the J-6 insurrectionists

Many were ok with exploding deficits a year and a half ago.

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Elections have consequences.

Just heard the congressional smooching of Trump following the tax bill. Ryan & McConnell were bad but Pence and Hatch were nauseating. Clearly they’ve learned from Putin how to play him. Can a leaked memo on how to praise our narcissist-in-chief be far behind?

_________________
Mr. Trump is unfit for our nation’s highest office.- JD Vance
If you committed violence on that day, obviously, you shouldn’t be pardoned.- JD Vance on the J-6 insurrectionists

You love to play this game. You can’t paint Dems as being fiscally reckless and then be OK when your party goes against everything they claim to stand for.

Easy question: are you ok with exploding deficits?

_________________
Mr. Trump is unfit for our nation’s highest office.- JD Vance
If you committed violence on that day, obviously, you shouldn’t be pardoned.- JD Vance on the J-6 insurrectionists

I thought Pence was going to blow him.

_________________
Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

RPB, I don’t have any opinion on trickle down. I believe in making our country as competitive as possible to win the battle for global investment dollars. I am genuinely concerned about income inequality and feel only education (secondary, university, and technical training) can reasonably close that gap. There are larger macro factors that have caused income inequality to grow since the 70’s. I have talked about that many times before.

As for effective tax rates, they are low for certain multinationals but largely in the 30%+ area for most companies. The WSJ posted many those rates for many of the top companies on Tuesday. They’re easy to find in the SEC filings. If you’re a largely domestic operation, think banks, retailers, transport companies, you are a full rate payer. If you are some sort of importer or manufacturer, then you’re going to have a sub-25% rate. And that’s not because of the U.S. tax rates, but rather because some other country is a low tax juridiction.

_________________
Hawaii (fuck) You

Wells Fargo on board with $15 minimum wage for its workers. But that place has bigger problems, so not exactly a poster child for good corporate behavior.

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Hawaii (fuck) You

WF has minimum wage workers?

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Graphic in this link about effective tax rates for well known company. It should back up my commnets.

https://www.marketwatch.com/story/these-companies-may-enjoy-a-windfall-under-trumps-tax-plan-2017-09-29

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Hawaii (fuck) You

No, they are raising the minimum wage paid to its workers. Sorry if I was unclear.

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Hawaii (fuck) You

The effective rate was not in line. It was the 3rd largest on the world and nearly double the country immediately North of us. Needed to be lowered. Maybe Obama's 28 was a better number, but it should be lowered.

The cut to my individual taxes will not explode the deficit.

If deficit is an issue, take it out of the ridiculous military spending.


But I'm not obsessively worrying about the deficit. The worry about deficits is always (and currently) WAY over the top.

Newsweek had a good piece on this very subject


http://www.newsweek.com/trump-tax-cuts- ... thy-752341

I agree with everything after the first sentence.

I don't know how you could not have an opinion on trickle doqwn though. The data is in. It's clear.

Yea, that's scary. They might as well genuflect.

pittmike loves by the code..."I'm not sayin, I'm just sayin... actually I don't care...who knows?"

Can we agree that cutting CHIP is bad?

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Absolutely. That's disgusting. I'd be fine with funding that for the next 20 years by taking some of the tax cut away.

Scary? It's run of the mill politics in this country. Obama was worshiped more than any politician i have ever seen.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

Is ..... is this actually not obvious to everyone?

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Do you believe that U.S. based corporations are doing quite well over the last few years? If so, how is that possible with our crippling tax rates?

_________________
Mr. Trump is unfit for our nation’s highest office.- JD Vance
If you committed violence on that day, obviously, you shouldn’t be pardoned.- JD Vance on the J-6 insurrectionists

Our national deficit has gone up $10T in the last nine years.

If you uttered one word about it ever, do us the favor of re-posting that for all to see.

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Iirc, at least a couple of trillion of that was Obama properly reclassifying the money wasted in Iraq and Afghanistan that wasn't previously added in in some cutesy way.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

Historically speaking, our companies are doing better than ever. They are taking the largest portion of GDP ever, somewhere north of 10%. They have been quite good at leveraging assets to drive margin growth. Clearly the 35% tax rate is not crippling.

But there are serious problems with the prior regime. First, over two trillion in cssh is locked up overseas and laying idle. Second, we had such a large number of inversions that the Obama administration had to create rules to block more companies redomiciling. And finally, we had the highest marginal rate in the developed world and were the only country with a global tax system.

This is not about the current state of affairs. This is a long term change to attract capital and drive employment growth over the upcoming decades. It is a great set of corporate tax changes.

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Hawaii (fuck) You