Trump lied about repatriation

Buybacks are the largest share spending by S&P 500 companies

Lots of people said this would happen.

Republicans want more tax cuts

This would add a lot to the deficit.  Their first bill already has and is not popular because the public know it primarily helped the wealthy.  Republicans only care about the deficit when Democrats want programs that would help people.

Republican donors love the Trump tax cut and are giving them lots of money

From this article:

“…party leaders say the passage of the law appeased wealthy donors, who had been frustrated by Republicans’ failure to repeal the Affordable Care Act and had threatened to sit out the 2018 campaign. Now, flush with big checks from a handful of deep-pocketed donors, the Congressional Leadership Fund is serving as the party’s best hope of a defense against an electoral defeat in November.”

Sad!

Tax roundup

Rick Newman on Yahoo says that “Business tax payments plunge, while workers pay more”

Huge payouts for CEOs

I can vouch for the withholding issue described below.  I get a federal pension and my federal tax withholding was reduced by 17%.  No way my taxes are going down that much.  I reset it to last year’s monthly amount.  I will see how close that is when I file my taxes in 2019.

Trump’s next tax scam

Most of the benefits from the Trump tax cuts went to rich people.  Now they want to give the wealthy even more in tax cuts.   They can’t even try to claim this will help most people.

Real wages have gone down since the tax cuts