So far, it has helped the rich and hasn’t produced an investment boom
Who’s really benefiting from @realDonaldTrump tax cuts? Money committed by U.S. companies to stock #buybacks this year enough to give $5,600 to every U.S. payroll employee. #inequality #economicinequality #insidertrade #insidertrading #equities #stocks
— TrimTabs Research (@TrimTabsIR) October 23, 2018
Analysis: The Trump tax cuts were supposed to set off an investment boom. They aren’t so far. https://t.co/9nPYf7WUGo
— Washington Post (@washingtonpost) October 28, 2018
Looks like corporate tax cut (retroactive to sep/2017) produced a pop in structures investment in q4 & q1 that has now faded. Data is noisy, too early to know if it raised trend investment or just pulled forward future capex. All figures exclude mining, oil & gas. pic.twitter.com/yGRqGa2dAs
— Greg Ip (@greg_ip) October 26, 2018
Hey yall – the middle class already got a 10% tax cuts in the 2017 tax bill.
How about we find a way to pay for it now? I noticed the rich seem to be doing pretty well after the tax bill … we could start there. pic.twitter.com/aQFjmj0cbU
— Marc Goldwein (@MarcGoldwein) October 22, 2018
Oh, look: US corporate taxes were actually low before the Trump tax cut, and are now much lower than other major countries https://t.co/lUFeXjUf88 pic.twitter.com/yoZ6fzVCup
— Paul Krugman (@paulkrugman) October 22, 2018
"One number that stuck out: $204.7 billion. That’s how much corporations paid in taxes in fiscal year 2018. It’s striking because the figure is more than $90 billion less than the $297 billion corporations paid in taxes the previous fiscal year." https://t.co/IMa0jBEQTf
— Democratic Coalition (@TheDemCoalition) October 19, 2018
For those trying to claim that a tiny rise in overall revenue over the past year vindicates the tax cut, a comparison with the Obama years pic.twitter.com/81kWWxw2Ex
— Paul Krugman (@paulkrugman) October 18, 2018
I wrote about tax cut cons 15 years ago; not much has changed, except that the lies are more barefaced than ever https://t.co/x0A98y9EkO pic.twitter.com/OGo2dvnoch
— Paul Krugman (@paulkrugman) October 17, 2018
and there’s this:
Think what could be done with $180 billion
"The first is tax evasion by individuals, which is illegal.
The second is tax avoidance by huge multinational corporations, which — as long as the lawyers are doing their jobs — is perfectly legal" https://t.co/Y5C5bYlDJz by @Schwarz— Charlotte Greensit (@cgreensit) October 26, 2018
Sad! 