[quote="CVPost-Texasmark1"](quoted from post at 11:55:13 12/23/17) Check out the pedigree of your news sources before you take any stock in news articles. Fake,altered, tilted, opinionated, half truths, only telling one side of the story, or a particular part for political gain....... etc and etc is alive and well; nothing new, just out front these days where people can see it and realize it happens.
The way I see it is that the benefit the little and "fair to middlin" (term for a grade of cotton) guys and gals get out of the deal will be a robust economy....already happening with DJIA putting on 5000 points since the election, unemployment lowest in 17 years, 401k savings busting at the seams if lucky enough to have one and on and on. Several big companys have already announced end of the year bonuses for many of their tiers of managers.
So add that to anything you can glean out of your 1040 bottom line as a result and it's a win win situation. Infrastructure bills are coming out after the first of the year...has bipartisan support in the congress so should be an easy sell.....jobs plus reduced wear and tear on your auto plus shorter times to get to work for the road improvement part....new bridges...on and on.
AND... all of the bonus's paid,,, will be taxed as income, at a much higher rate, to the individual who receives it. To all of you naysayers, remember,,, that's more taxes paid into the coffers that you dont have to pay. And paid at a higher rate bracket that those people are in.
And lowering corp tax rates, means more business can be in 'merica.
What we need to fix also...is that there should be NO taxes for money made overseas. Those companies have paid taxes already in the countries where the money was made. Taxing money made overseas, means that more companies will move headquarters out of country... And it makes it cheaper to invest out of country. That policy actually encourages companies to invest elsewhere. We dont let Japan tax money made in america, why the heJJ would we try to tax money made over there? Cisco is an american router company and literally has billions of dollars made from its world wide sales. BUt if they were to bring the money home, it would cost them, an additional 15% or more. So they just build more offices and jobs overseas. Many countries they sell in, demand that offices and jobs be provided there or they cannot sell anyway. How can we pass laws on taxes that actually take away american jobs and american investments?? We have NO legal right to tax moneys made in other countries as they are not allowed to collect taxes in our country. The new law says the will tax it at a lower rate, but will tax it anyway... WILL MAKE MORE COMPANIES MOVE THEIR HEADQUARTERS OVERSEAS!!!!!
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