PeterS

The White House promised '70 percent' of the tax cut would go to workers. It didn't.

Buy record amounts of its own stock

Why am I not surprised???

https://www.nbcnews.com/business/economy/what-did-corporate-america-do-tax-break-buy-record-amounts-n886621

vernon

If NBC news says it, i believe that as much as if i read it in media matters.

crazylibertarian Loc: Florida by way of New York & Rhode Island

Even if that is what happened, which I tend to doubt, that will put money in the pockets or investment portfolios of the stock holders who then have more money to spend and other companies get larger & employ more more people. I know economic logic is foreign to progressives but you might try it, for once.

old marine Loc: America home of the brave

I don't recall the white house or President Trump making a statement that 70% of the tax cuts would go to the workers or find any link to your statement.

Maybe it's because I don't read Socilest Democrats twisted fake news.

buffalo Loc: Texas

It is true...your just to brainwashed to believe the truth, especially if it doesn't make trumpy look good.

buffalo Loc: Texas

LOL! PROOF YOU know nothing of how the economy works. There is no logic to it. Either way, deficit-financed tax cuts must ultimately be paid for, and higher taxes and/or reductions in government spending are both likely to be harmful to middle class workers.

archie bunker Loc: Texas

What's your solution, and how do you implement it?

truthiness

The old trickle down nonsense. Try 'for once' to give examples where trickle down logic worked and did anything but line the pockets of the political hucksters who promote this false economic theory. Sounds good, but it doesn't work--as history and as the >$700M recent stock buy-back (with no significant change in worker paychecks) once again proves. The financial community said they would buy back stock in lieu of benefiting labor, and so they did. Why should it surprise us? It doesn't. The financial community does not believe in trickle down; they believe in profits--which is fine, especially if you own stock. Profits are their motivation and they are honest about it. Only political hucksters believe that this tired and untrue "theory" helps the working stiff much less the economy as a whole.

The usual answer to this claim that trickle-down works is that it takes time for the system to adjust. Workers have waited >30 years for a change in their paychecks including through Reagan's try at trickle down fiasco which he finally admitted did not work. It is interesting that you buy this theory, Crazy, because it is not even true libertarian dogma. True libertarianism would say that the financial system should stand on its own without help from the government just as you expect the individual person to do--after all, we know from Mitt that 'companies are people too.' Sounds like CrazyLibertarian a trumpster deceitfully trying to hide under a legitimate libertarian cloak. 'Fess up or become a true libertarian.

Fit2BTied Loc: Texas

I've got 3 comments IF we accept what the report says in total:
1.) How many of those corporations that "helped themselves" are run by liberal leaning owners? No high road that I can see. Of course there are exceptions on both sides - but in general it's a tossup.
2.) In the simplest terms, all the left wants to do is take money from those who have earned it and distribute it (free college, free health care, free food, subsidized housing, etc.) to those who have not. Spending us into bankruptcy is not going to do deficits any better than lowering taxes. As someone who's worked all my life (over 50 years including 8 in the military), I prefer keeping my crumbs to giving them to democrats to throw around. And my conscience is clear because I donate well over 10% of my gross income to help others through charitable organizations and my church.
3.) Even an idiot would have trouble looking at unemployment, the stock market, and other positive economic signs and say that the tax cut had nothing to do with it.

JFlorio Loc: Seminole Florida

His solution is free healthcare for all.

EL Loc: Massachusetts

NOTHING is free.

BigMike Loc: yerington nv

Ah...that's why my crippled Ma's 401k gained value.

buffalo Loc: Texas

You know all your drivel is just bullshit.

1.) Corporate welfare dwarfs social welfare. This is not a left or right leaning issue.

2.) Corporate welfare dwarfs social welfare. TRILLION dollar military spending, corporate welfare spending. Your that spending IS spending the US into bankruptcy. What free college? Free health CARE? Guess again bozo. Medicare is NOT free and cutting its budget will only hurt the elderly that worked all their live and STILL PAY for it. Wise up! I would rather MY tax dollars go to feed the poor and their children than to fund the continual illegal, unConstitutional, immoral warmongering of the US to benefit big corporations. Obviously you love corporations and hate the elderly and poor.

3.) What are those positive looking signs? Unemployment is down, not because of more jobs but because more people dropped out of the jobs market. This is proved by the employment participation rate which went down from April to May 2018. The rigged stock market is a rich man's game.
Just what are those other positive economic signs?

Fit, there are 2 economies in the US--One for the wealthy 10% and one for the rest of the sheople. Haven't you, in all you're years of experience, figured out that the wealthy 10% ALWAYS prosper no matter how the economy or stock market is doing?

PeterS

So it's the source not the content that matters? Are you saying that corporate America did something other than buy back their stocks? If so than what did they do? Give us all the details so we aren't mislead!

PeterS

Gosh you know "economic logic!" In reading your posts that's actually scary...