Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class.
The president has held fast to his pledge even as top executives’ comments have run counter to it for months. Instead of hiring more workers or raising their pay, many companies say they’ll first increase dividends or buy back their own shares.
Soviet style ‘command’ economies don’t work, neither do fascist, corporate state economies. They both kill “free enterprise”. There is a middle way, well regulated (Gasp!) capitalism.
The tax bite on my kids’ incomes will increase according to what has been publicly stated.Neither of them are making big bucks but they will lose most of the deductions that they count on every year.
Masterskrain Premium Member over 6 years ago
That’s 100% Accurate, right there!
Silly Season over 6 years ago
(Repost)
https://www.bloomberg.com/news/articles/2017-11-29/trump-s-tax-promises-undercut-by-ceo-plans-to-reward-investors
Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class.
The president has held fast to his pledge even as top executives’ comments have run counter to it for months. Instead of hiring more workers or raising their pay, many companies say they’ll first increase dividends or buy back their own shares.
retpost over 6 years ago
Republican thinking: 1%=Little?
Radish the wordsmith over 6 years ago
Rich Uncle Penny Bags is very happy you are losing Health Care to give him more money to buy robots to take your job away.
Striped Cat over 6 years ago
Better not hear anyone refer to Trump as a “Populist” any more.
Sadandconfused9 over 6 years ago
Trump’s version of golden showers. Piss on everyone from the middle class down!
NatureBatsLast over 6 years ago
Soviet style ‘command’ economies don’t work, neither do fascist, corporate state economies. They both kill “free enterprise”. There is a middle way, well regulated (Gasp!) capitalism.
Dtroutma over 6 years ago
Just looking for the little guy, so they can run him over with their bus!
wiatr over 6 years ago
The tax bite on my kids’ incomes will increase according to what has been publicly stated.Neither of them are making big bucks but they will lose most of the deductions that they count on every year.
Radish the wordsmith over 6 years ago
The robots are coming – but will they really take our jobs?
The Independent16 hours ago
Robot automation will ‘take 800 million jobs by 2030’ – report
BBC News1 day ago
Robots Threaten Bigger Slice of Jobs in US, Other Rich Nations
WIRED1 day ago
lopaka over 6 years ago
Always amazed at how that little guy is able to keep those a sses in his pocket.
Mr. Blawt over 6 years ago
You can watch out for the little guy as he dies in the street due to the Republican’s lack of caring.