Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

applegrove

(118,744 posts)
Wed Feb 28, 2018, 07:02 PM Feb 2018

The GOPs Tax Cut Narrative Is Unraveling

https://politicalwire.com/2018/02/28/gops-tax-cut-narrative-unraveling/

"SNIP........


The Atlantic: “The most basic criticism of the GOP’s tax cut was that the boons for corporations and their shareholders would far outweigh the benefits for ordinary workers. That’s exactly what seems to be happening. Stock buybacks announced between January 1st and February 15th reached historically high levels, totaling about $170 billion in that period.”

“That’s 28 times larger than the total value of end-of-year bonuses that were credited to the corporate tax bill—some of which had been announced months earlier and had nothing to do with the tax cuts. Companies might be advertising new bonuses. But they’re quietly reaping the benefits of higher profits.”

.......SNIP"
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The GOPs Tax Cut Narrative Is Unraveling (Original Post) applegrove Feb 2018 OP
that is what they were told would happen Angry Dragon Feb 2018 #1
Excatly , Wellstone ruled Feb 2018 #2
Latest Discussions»General Discussion»The GOPs Tax Cut Narrativ...