DawgTalkers.net Forums DawgTalk Palus Politicus The myth of Trickle Down Economics ....

To bad trickle down economics don’t work .... ....

After 8 years of being pi$$ed on .... being trickled on sure feels good ...

http://www.businessinsider.com/trump-gop...-2017-12/#att-1

Companies are rushing to announce special bonuses and pay hikes after the GOP tax plan

Both the House and Senate passed the final version of the Republican tax bill on Wednesday, and a number of companies took the opportunity to announce special bonuses or pay hikes.

The bill reduces the corporate tax rate to 21% from 35% while allowing a one-time repatriation of overseas cash. Companies are mostly expected to buy back stock or pay down debt with their savings.

The pay hike and bonus announcements are sure to please Republican lawmakers, who have been pitching corporate tax cuts as a boost for American workers.

Here's what has been announced so far:

AT&T said Wednesday it will pay a $1,000 bonus to more than 200,000 US employees after the GOP tax bill is enacted.

"Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T US employees — all union-represented, non-management and front-line managers," a company press release said. "If the president signs the bill before Christmas, employees will receive the bonus over the holidays."

At a White House event on Wednesday afternoon, President Donald Trump called AT&T's plan "pretty good."

Boeing released a statement announcing "immediate commitments for an additional $300 million in investments that will move forward as a result of the new tax law."

They are:

"$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing's focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.

"$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.

"$100 million for "workplace of the future" facilities and infrastructure enhancements for Boeing employees.

Boeing CEO Dennis Muilenburg said:

"For Boeing, the reforms enable us to better compete on the world stage and give us a stronger foundation for the investment in innovation, facilities and skills that will support our long-term growth."


Fifth Third Bancorp said it would raise its minimum hourly wage for all employees to $15, with 3,000 hourly employees benefiting from the hike. The bank also said it would distribute a one-time bonus of $1,000 to about 75% of its employees.

"We want to invest in our most important asset – our people," said Fifth Third President and CEO Greg Carmichael. "Our employees drive our reputation, our business and our success."

From the release:

"Newly passed tax legislation includes a reduction in corporate tax rates designed to spur economic growth. Carmichael said the tax cut allowed the Bank the opportunity to reevaluate its compensation structure and share some of those benefits with its talented and dedicated workforce."

Wells Fargo said it would raise its hourly minimum wage 11% to $15 from $13.50. Additionally, the bank plans to donate $400 million to community and nonprofit organizations in 2018 and will target 2% of its after-tax profits for corporate philanthropy beginning in 2019.

"We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners," said President and CEO Tim Sloan in a company release.

"We look forward to identifying additional opportunities for Wells Fargo to invest, as we continue to execute our business strategies and provide long-term value to all our stakeholders. As the nation’s largest small business lender and residential mortgage provider, we understand our significant role in helping grow the economy."

Brian Roberts, CEO of Comcast NBC Universal, said the company would award $1,000 special bonuses to more than 100,000 eligible frontline and non-executive employees following tax reform and the repeal of net neutrality.

Roberts also pledged to spend $50 billion over the next five years investing in infrastructure, saying that the investments would "add thousands of new direct and indirect jobs."

Trickle down works because after 6 years straight of record profits some employees are getting a bonus 4 days before Christmas because of a tax break (Remember that previous tax breaks were to create a trickle down situation) that just got passed? Slushed already? I think you missed some decimal points in that 1+1 math.

https://www.google.com/amp/s/www.bloombe...-dollar-blunder

“Last month a Wall Street Journal editor asked a room full of CEOs to raise their hands if the corporate tax cut being considered in Congress would lead them to invest more. Very few hands went up. Attending was Gary Cohn, President Donald Trump's economic adviser and a friend of mine. He asked: "Why aren't the other hands up?"

Allow me to answer that: We don't need the money.

Corporations are sitting on a record amount of cash reserves: nearly $2.3 trillion. That figure has been climbing steadily since the recession ended in 2009, and it's now double what it was in 2001. The reason CEOs aren't investing more of their liquid assets has little to do with the tax rate.”

SOCIALISM
IS TRICKLE UP POVERTY

Tired of winning yet?

My company just announced they are giving all non-management 10% raises starting Jan 1st due to the tax plan. - as well as doubling our quarterly incentives for 2018.

Willi Raises hand.......

Congrats! What company is that? Link.

Bitty & Beau's Coffee Shop.

NEVER!!!!

We should do a poll ...

What do u enjoy more ...

1. America WINNING again

2. Watching the lefties whine and cry about every VICTORY!!!

Sorry to hear dude ... to bad TRICKLE DOWN ECONOMICS don’t work .... ..

Have a nice christmas bro ....i’m Sure it just got a little merrier ...

I work in hospice. A Medicare funded level of care for those in the last days/months of their lives. Many in my field are making escape plans, despite our love of our careers, because we see the coming Medicare cuts coming. My guess is the GOP could give two [censored] if people suffer in their last days or not. It’s likely the coming cuts will effect our industry in a negative way.
My hope is to retire in hospice. My fear is I may only have a few short years left because of the creations in office.

It's a tie!

Have you ever read the book..."The Gullible Geese of Gentle Gates"?

My guess is they could have given you similar benefits in the past but it likely would have cut into their CEO pay and other ‘management bonuses’. They chose not to out of greed.
That’s the point. Companies have been sitting on record profits without trickling it down. Now we lower their taxes and they throw you a bone. Meanwhile to pay for those tax cuts the government is going to reach back into your pocket by cutting your future Medicare and Social Security.

There is no tax cut - this sham explodes the deficit by over a trillion dollars. If you wanna know who’s going to have to pay that deficit off, go look in a mirror.
If someone steals your credit card, gets a $1,000 cash advance on it, gives $900 of it to his buddies and $100 of it to you, you didn’t just make $100. You just got screwed.

I'm management, I only get the double incentive - so far.

I work for a NON PROFIT credit union, so you "guess" is wrong. Nice way to try to stereotype though.

Sounds like you do not feel management or leaders of companies should be compensated for the work they do.

Wow, so you know my employers? Tell me more about them???

yet you and others just spent months complaining about the rich "getting a tax cut"

Another poster in another thread said personal guesses don't carry any weight. Only polls reported by companies that skew their poll takers to fit their intended poll results...

I think we're still in the very early stages of this to make any firm conclusions one way or the other. The history says that trickle down economics don't work, so I'd say the Vegas odds are on that side of the bet. We'll see how this ends up, though.

is that the history of roughly 10 years of economic growth, a stop of 10% unemployment, and an end to a mild recession after Reagans tax cuts?

For every article you say it didn't work, I can provide one that says it did.

Pssst ... these people think its still 1875 when it comes to immagration ... u know the argument about were a COUNTRY OF IMMIGRANTS so we must allow all the ILLEGALS and REFUGEES in ... ..

Same concept here ... last time we tried this was in the 80’s ... just like with IMMAGRATION the countries changed a WEE BIT since the 1980’s ... they just HAVENT NOTICED!!!!

My point is ... what happend previously with trickle down is IRRELIVENT TO TODAY ...

Like i said ... times have CHANGED ... but the lefties are OBLIVIOUS to THAT FACT .. like they are with MOST FACTS that dont fit their NARROW CLOSED MINDED views ....

lol the dude who thinks a wall is an effective and efficient border is going to lecture us all about how it's not 1875 anymore. I'm weak.

Trickle Down works very well at Delta.

Trickle Down works very well at the company I own.

BUT the problem is, there are plenty of bad hearted companies out there who will just hoard the money and don't give a crap about people.

The Govt should not be giving money to one group in hopes they pay another group.

Just straight up give it to everyone.

I can see lowering the corporate tax rate, as ours is very high compared to other countries (so no wonder companies do more business overseas).

But they gotta not stab the rest of us for the sake of lowering the corporate tax rate.

They could have found a better solution.

Shrinking the size of the government wouldn’t hurt.

I agree with this.

j/c

Found in my fb feed.
Timely arrival.
Thought it could find a home here.

Corporations don't pay taxes, consumers do.

Funny. Liberals didn't care when Obama was adding trillions to our debt.

do you have any credible link to support this idea that we didn't care?

Whiner

Sounds like a good idea forLibs. Quit your job because of perceived problems down the road. I hear all the snowflake stories about people dying and they do. Mostly of natural causes

Yeah, isn't that a joke. Libs worried about the deficit.

What exactly do you think happens in hospice?

You must be really young and have no clue what death is about.

If it's not a heart attack, a stroke or you're 93, seems you will wind up in hospice.

Firstly, get bent for your tone. You couldn’t last a day doing what I do. So show some class and hope like hell someone like me is around in your last days.

Secondly. No one is quitting. But many of us have had conversations about where we’d look to go if our office does close.

Yeah, it's almost like we were in a recession or something...

The lack of posts by liberals on this board complaining about Obamas spending. I can't link something that doesn't exist. If you want to provide some posts that I missed, have at it.

do you have a link to support us not complaining about the spending?

you made the claim. the burden of proof is on you.

No mention of Obama spending

Did you have a problem with Obama spending?

so again, you haven't provided any proof that us liberals didn't care about the deficit when obama was president.

what you did provide is me pointing out the hypocrisy of conservatives who whined about the deficit/debt under obama, but now are perfectly fine with a tax plan that adds another trillion and a half minimum to the debt.

and thanks, i miss Candy, i know he went to another board but it was cool seeing those post again.

anyway, yea, i need some sources saying we didn't care. until then, ill chalk it up to you pulling lies out of your ass.

I don't miss Candy. He was posting that he wished people on here were dead. I don't want that sad sack back.

I said you guys never complained about Obama spending. Evident by the lack of posts of liberals not complaining about it. Once again, I can't link what doesn't exist. But I don't read every post on the board, so if I missed one, feel free to show me.

Probably because most of the current "liberals" on the forum were part of the other Browns forum during Obama's first term. Even if that wasn't the case, he spent money to get us out of a deficit, not to put us into one like Trump is doing.