“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” Rubio said in the interview, published late last week. “In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”
That’s way off message. Now the question is will he lose his big corporate donors. It should certainly piss them off that he’s talking about what they’re not doing for employees. They want to just pocket the savings and not have anyone notice.
Rubio ran on a 25% corp tax rate, instead of the 21% we have now. The idea is to make America more competitive. Low unemployment is a great benefit. Lots of opportunity.
The tax cuts were about convincing gullible conservatives that policy based almost entirely around helping already well off corporations was going to magically help “the forgotten man” as well. And it doesn’t even matter if it doesn’t end up working out, because the same gullible people will just fall for the next lie that the libs are responsible.
Last list I saw was over 500 companies that were doing one or more of the following:
Bonues for employee’s
Wage increase for workers
Spending money on technology
Not to mention the companies taking advantage of the one time shot to get a discount on bringing money back from overseas – and with the law change, they can’t park the money over there untaxed anylonger.
Then you also have to remember, the new tax law went into effect Jan 1. That means companies won’t know exactally how their bottom line will come out until the end of the tax season. Hell the first quarter just ended.
Article on railroad companies offering new workers bonus of up to 25,000.
"Railroad workers are being offered signing bonuses of up to $25,000 to join BNSF Railway and Union Pacific Corp. as the freight railroads struggle to fill jobs in a historically tight labor market."
Well duh. Only the stupid believe the tax cuts will do what the Republican say they will. I wonder how many times their mothers had to tell them not to touch the hot stove before they finally got the message they will get burned.
Yet American Companies were not bringing money back becasue of the high taxes. AND companies were moving the HQ to other countries for the lower tax rates.
Now that it’s been lowered, lets wait a couple years to see what happens shall we?
The tax cuts were passed and signed into law in December of 2017. The Unemployment rate dropped to 4.1% in October of 2017. The Unemployment rate has remained at 4.1% for several months now.
Corporate tax cuts are not intended to trickle down. They are intended to fix broken economies.
Oh, and the term “trickle down economics” was coined by Will Rogers to deride Herbert Hoover’s bank bailouts.
In those days Dems opposed corporate bailouts saying they would not stave off economic downturns and the benefits, poured on bankers and investors would not trickle down to the common man.
They (the Dems) nominated FDR for President. FDR did not bailout banks. He closed them.
25% or even 30% and you would have seen a lot more dems in support of it…make the middle class permanent and sunset the corporate( which they can always repass at that later date) and you wouldn’t have seen much push back from people. But you didnt…
you have to travel away from home and takes tests and training for 3 weeks…if you fail you are out.
if you pass you are on call 24 hours a day. If you work 6 days straight you get two days off.
you could be gone up to 12 hours or more…no cell on the train…you are fired if you turn it on.
if you are bu.ped to actually run the loco and decide to not? Fired
no drinking or anything while on call.
you are outside rain or shine mostly all day.
That’s what you have to deal with…the pay is good…20ish an hour depending on what you do to start…benefits are alright…they do 401k match I believe and have a program for your wife as well…but it takes 5 years to be vested…they also guarantee you a certain rate (like 1700 base pay) if you dont work… it that requires you to answer when they call.
There is a reason why they can’t find people…oh and it’s the warm season so they are higher in and you will most likely be laid off come winter…
There turnover rate is fairly high as well…
But I’m sure you knew all this when you tried to make a point right?
