Don't click or your IP will be banned


Hittin' The Web with the Allman Brothers Band Forum
You are not logged in

< Last Thread   Next Thread ><<  1    2    3    4    5    6    7  >>Ascending sortDescending sorting  
Author: Subject: President Trump and the Republicans deliver major Tax Cut and Jobs Act

Peach Extraordinaire



Karma:
Posts: 4347
(4358 all sites)
Registered: 12/18/2004
Status: Offline

  posted on 1/7/2018 at 05:34 PM
quote:
quote:
It is impossible for me to see the government selling out the future national debit crisis to allow lower corporate income tax rates as a positive for the future of our country.

Cutting social security to help offset the growth in the national debit created by lower tax revenue means individuals are paying back the tax cut.

Also, the individual income tax rates expire (if you assume a second Trump administration related term) just in time for someone other than a Trump administration to have to deal with them. The corporate cuts do not expire.

Also never in my life did I wake up with fear that I would hear about a nuclear strike on the morning news.



There is no "cutting social security" in the Tax Cuts and Jobs Act or in any policy proposal by President Trump or The Republicans.

That lie comes from the corrupt liberal media.

The "the individual income tax rates expire" portion of the Tax Cuts and Jobs Act is required but I will bet you not one of the lefties here can say where that requirement comes from.






I can tell you. You pulled it out of your butt.

 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/7/2018 at 09:46 PM
quote:
Budget reconciliation comes from the Byrd act.

Why were individual cuts the ones to expire in the bill instead of an increase in corporate taxes if needed to meet reconciliation?

If trickle down doesn't work, individuals will be worse off. Retired individuals on fixed income who aren't impacted by the theory of trickle down will be worse off.

Are corporates going to restate the retirement benefits to those on fixed income to offset the expiration of the individual tax cut, while the corporation has a windfall?





The Byrd Act requires that all changes to individual tax rates have a life not longer than 10 years.

There are no reductions to retirement benefits to anyone.

The massive increase in economic activity which has already jumped under President Trump will ensure increased retirement benefits for everyone.


[Edited on 1/8/2018 by Muleman1994]

 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/10/2018 at 10:17 AM
Utilities cutting rates, cite benefits of Trump tax reform
www.washingtonexaminer.com

On the heels of companies dishing bonuses of up to $3,000 to over one million workers due to the anticipated benefit of President Trump’s tax reform victory, several major utilities have announced plans to cut rates in a consumer payback related to the lower taxes.

Energy suppliers like Washington’s Pepco, Baltimore Gas and Light, Pacific Power, Rocky Mountain Power and Commonwealth Edison said they plan to give hundreds of thousands of customers a rate cut due to the tax reform.

The taxpayer advocate group Americans for Tax Reform is pulling together the list of utilities expected to apply for a rate cut as it has for more than 100 major firms planning to pay out bonuses, higher wages and increased benefits due to the expected windfall they plan to receive when corporate taxes are cut.

In one announcement typical of those from the utilities sharing their tax benefits, Pacific Power said, “The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.”

Here are ATR’s examples:

Baltimore Gas & Electric – the utility is passing on $82 million worth of tax savings, resulting in lower gas and electric bills for customers:

Today BGE will file with the Maryland Public Service Commission (PSC) to pass approximately $82 million in annual tax savings to customers, resulting from federal tax cost reductions. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018. If approved by the PSC, the average BGE residential electric customer can expect to see an estimated $2.31 decrease on their monthly bill, and the average residential combined natural gas and electric customer can expect an estimated $4.27 monthly reduction, effective in February 2018.

“Reduced tax costs create an opportunity for BGE customers to benefit from further decreases in their total energy bills,” said Calvin G. Butler Jr, chief executive officer of BGE. – Jan. 5, 2018 Baltimore Gas & Electric press release

Pacific Power – the utility will pass along tax savings to customers:
The new Republican tax plan has brought a variety of tax cuts. Pacific Power says they are committed to passing the benefit of this tax cut on to customers.

“We strive to provide our customers reliable service while keeping rates low,” said Stefan Bird, President and CEO of Pacific Power. “The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.” – Jan. 3, 2018 My Columbia Basin article excerpt

Pepco – the utility will pass along tax savings to customers:

Pepco today announced they will file with the Public Service Commission of the District of Columbia in early February, outlining plans to provide annual tax savings to more than 296,000 electric customers in the District of Columbia. If approved, Pepco would plan to begin providing a credit lowering customer bills starting in the first quarter of 2018.

The tax savings are the result of federal tax reductions under the new Tax Cuts and Jobs Act, which was signed into law on Dec. 22, 2017, and became effective on Jan. 1, 2018. The decrease in the Corporate Tax Rate from 35 percent to 21 percent reduces the amount of federal income tax Pepco will have to pay.

“The tax law will result in lower bills for our customers and lower taxes for Pepco,” said Dave Velazquez, President and CEO, Pepco Holdings, which includes Pepco. “We are pleased to provide these savings to our customers, while at the same time ensuring we are making prudent investments in the local power grid to maintain the safe, reliable, and affordable service our customers have come to expect.” – Jan. 5, 2018 Pepco press release

Rocky Mountain Power – the utility will pass along tax savings to customers:

Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers. But, the company isn't sure how much or when. – Jan. 4 Local News 8 article excerpt
Commonwealth Edison Company (ComEd) – the utility is passing on $200 million worth of tax savings to its customers:

Today ComEd is filing a petition with the Illinois Commerce Commission (ICC) seeking approval to pass along approximately $200 million in tax savings to its customers in 2018. If approved by the ICC, the average ComEd residential customer can expect to see an estimated $2-$3 decrease on their monthly bill related to the tax reduction.

The Tax Cuts and Jobs Act (TCJA), which was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018, decreased the corporate tax rate from 35 percent to 21 percent, reducing the amount of federal income tax ComEd will have to pay. – Jan. 5 Commonwealth Edison Company press release

http://www.washingtonexaminer.com/utilities-cutting-rates-cite-benefits-of- trump-tax-reform/article/2645375


 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/10/2018 at 10:18 AM
Jamie Dimon, JPMorgan Chase & Co. CEO and considered by many to be America’s Banker, says with President Trump and The Republican’s Tax Cuts and Jobs Act and pro-growth policies the U.S. economic growth will soon reach 4%.

His press statement was released Monday.
Jamie Dimon is a Democrat.


 

Ultimate Peach



Karma:
Posts: 3671
(3677 all sites)
Registered: 10/5/2004
Status: Offline

  posted on 1/10/2018 at 12:44 PM
People say the funniest things - Jamie Dimon with his growth projections & Trump with his self described "stable genius" label. Too funny. Kind of like unicorns & pot of gold at end of rainbow.

[Edited on 1/10/2018 by MartinD28]

 

Maximum Peach



Karma:
Posts: 9137
(9162 all sites)
Registered: 4/27/2003
Status: Offline

  posted on 1/10/2018 at 01:00 PM
I listened to a Warren Buffet interview on CNBC this morning. The way he described it, no wonder the market has seen such a historic and record breaking surge the last year.

I'm paraphrasing, imagine the federal government is taking 35% and the company and the investors get the remaining 65% of the profits. By doing nothing the companies and their shareholders gained 14% to a 79% stake, the potential for market growth remains quite large. This is going to go on for a while, unless some geo-polticial event happens.

As we have hashed over here, the tradegectory of the market's growth is long with gains with substantial job increases under the Obama administration. So the foundation for that was already laid. But it can't be ignored what this tax cut bill has done, not just since it's passage, but during the speculation of it happening, the ramp up since the election.

Buffet says you can't reliably forecast economic growth, but you can forecast what tax changes will or will not do on the balance sheet, tangible changes...and these companies and investors have been banking on it for some time.

Now the rubber meets the road. Market gains and more profitable companies is one thing. What happens next will ultimately determine the success of the plan and what Trump and this Congress should be judged by.

 

Maximum Peach



Karma:
Posts: 9137
(9162 all sites)
Registered: 4/27/2003
Status: Offline

  posted on 1/10/2018 at 01:34 PM
Here is an excerpt, sorry, don't know why it is all CAPS:

quote:
NOW, ADDITIONALLY, YOU HAD THE TAX ACT, WHICH IS A HUGE FACTOR IN VALUATION. I MEAN, IF YOU HAD BOUGHT – WE’RE IN OMAHA, LET’S SAY YOU HAD BOUGHT THE UNION PACIFIC RAILROAD YOURSELF, LIKE WE BOUGHT THE BNSF, AND IF YOU HAD BOUGHT IT A YEAR OR TWO AGO, YOU COULD HAVE BOUGHT 100% OF THE STOCK, BUT THE U.S. GOVERNMENT WOULD HAVE HAD A SUPER STOCK THAT WAS ENTITLED TO 35% OF THE EARNINGS. AND THEY HAD JUST CHANGED THAT WITHOUT YOU PAYING THEM A PENNY TO WHERE THERE’S – THEY NOW HAVE 21% OF THE STOCK. IN EFFECT, YOU BOUGHT IN THEIR 14%, 40% OF WHAT THEY HAD FOR NOTHING. I MEAN, IT’D BE LIKE I GAVE 14% OF BERKSHIRE BACK TO BERKSHIRE FOR NOTHING. WOULD THAT MAKE THE REMAINING SHARES MORE VALUABLE? OF COURSE IT WOULD. AND SO YOU’VE HAD THIS MAJOR CHANGE IN THE SILENT STOCKHOLDER IN AMERICAN BUSINESS WHO HAS BEEN CONTENT WITH 35% — NOW THERE’S VARIOUS THINGS ABOUT FOREIGN EARNINGS AND ALL THAT, BUT 35% OF A BASIC – OUR BASIC BUSINESSES. AND NOW INSTEAD OF GETTING A 35% INTEREST ON THEIR EARNINGS THEY GET A 21%, AND THAT MAKES THE REMAINING STOCK MORE VALUABLE.

QUICK: I HAVE NOT HEARD ANYBODY EXPLAIN IT JUST LIKE THAT. WHEN YOU SAY SOMETHING LIKE THAT, YOU KNOW, WE’RE CONSTANTLY ASKING IS THIS BAKED INTO THE MARKET? IS THIS REFLECTED IN THE MARKET? WHEN YOU SAY SOMETHING LIKE THAT, THAT MAKES ME THINK NO, THAT THIS IS A MUCH LONGER TERM, MUCH BIGGER DEAL THAN THE RUN-UP THAT WE’VE SEEN IN THE LAST MONTH OR SO.

BUFFETT: WELL, IT’S A BIG DEAL. HOW MUCH OF IT HAS BEEN BAKED IN AS PEOPLE STARTED THINKING MAYBE THERE WOULD BE THE TAX BILL AND HOW BIG WOULD IT BE. I THINK THAT – 21% WAS NOT BAKED IN, THAT’S A HUGE, HUGE REDUCTION. IF YOU AND I WERE PARTNERS IN A BUSINESS AND YOU OWNED 35% OF IT AND I OWN 65% AND THEN YOU SHOWED UP ONE DAY AND SAID I’M GIVING YOU 14 OF MY 35 POINTS, NOW MY INTEREST HAS GONE FROM 65% TO 79%. THAT’S MORE THAN A 20% INCREASE IN THE EARNING POWER, AND YOU’VE JUST GIVEN IT TO ME. NOTHING HAS CHANGED IN THE BUSINESS THAT’S — IT’S A BIG FACTOR. NOW, THEY CAN TAKE IT AWAY TOO. GO THE OTHER DIRECTION.

http://delawarebusinessnow.com/2018/01/warren-buffett-interview-cnbc-touche s-succession-tax-bill/



 

Zen Peach



Karma:
Posts: 68383
(68744 all sites)
Registered: 11/28/2001
Status: Offline

  posted on 1/10/2018 at 02:34 PM
Public utilities are highly regulated by state commissions ..... they would be asked to reduce their rates because of the tax cut anyway ..... it's all part of the formula for how their rates are set..... can't wait to get that extra $2-$3 per month once their rate case is finally settled.......
 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/10/2018 at 03:19 PM
quote:
Public utilities are highly regulated by state commissions ..... they would be asked to reduce their rates because of the tax cut anyway ..... it's all part of the formula for how their rates are set..... can't wait to get that extra $2-$3 per month once their rate case is finally settled.......


Bullsheet.
Not one of the utilities reducing their rate has been "asked" to by regulators.

President Trump is getting the job done for the people and the left-wing losers can't stand it.
Ha ha, the lefties lose again.

The left said during the campaign that if Donald Trump was elected President the stock market would crash and the economy would tank.

Lying will not but you votes.

The American People are laughing at you losers yet again.


 

Zen Peach



Karma:
Posts: 68383
(68744 all sites)
Registered: 11/28/2001
Status: Offline

  posted on 1/10/2018 at 05:32 PM
Yes, but they will be asked to ..... that's how it works, it's just timing. Matter of fact, ComEd just got a rate hike of about $1 a bill - so this just about evens it out.....
 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/10/2018 at 05:41 PM
quote:
Yes, but they will be asked to ..... that's how it works, it's just timing. Matter of fact, ComEd just got a rate hike of about $1 a bill - so this just about evens it out.....



"they will be asked to ..... that's how it works"
Right. Exactly which regulators would that be? The ones that have not said anything? The ones cowering from the surge in the American economy thanks to President Trump and the Republicans?

Math just ain't your thing is it son.
That is okay.
The American People are reaping the benefits of President Trump and the Republicans Tax Cut and Jobs Act and the left is still trying to come up with something for the people.

 

Peach Extraordinaire



Karma:
Posts: 4510
(4505 all sites)
Registered: 12/27/2003
Status: Offline

  posted on 1/10/2018 at 06:31 PM
Mule, why do you think about the left so much?
 

Zen Peach



Karma:
Posts: 68383
(68744 all sites)
Registered: 11/28/2001
Status: Offline

  posted on 1/10/2018 at 06:44 PM
Well, I actually have a degree in math - and I worked for a utility and worked with the state utility commission all the time.... but I'm sure you know better how utility rates are set.....
 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/11/2018 at 12:29 PM
quote:
Well, I actually have a degree in math - and I worked for a utility and worked with the state utility commission all the time.... but I'm sure you know better how utility rates are set.....



You claim to have a degree in math?
Maybe you should get your money back.

 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/11/2018 at 12:30 PM
President Trump and The Republican’s Tax Cuts and Jobs Act continues to directly benefit the American worker:

Walmart boosts pay for one million U.S. workers, tax reform is the reason why
www.foxbusiness.com

Walmart (WMT), the nation’s largest employer, with 1.5 million U.S. workers will allow the majority of those employees, 1 million, to share in the benefits of the largest sweeping tax reform in three decades.

The retailer is boosting starting hourly wages to $11 an hour. Additionally, the retailer will give one-time $1,000 bonus payments to workers, depending on length of service at the company. It is also extending maternity and parental benefits. The changes take place in February.

“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders” said CEO Doug McMillon in a statement on Thursday.

Walmart joins other major S&P 500 companies that have rewarded employees after the passage of President Trump’s tax reform package which lowers the corporate tax rate to 21% from 35% and provides tax breaks for most American workers.

http://www.foxbusiness.com/markets/2018/01/11/walmart-boosts-pay-for-one-mi llion-u-s-workers-tax-reform-is-reason-why.html




 

Peach Extraordinaire



Karma:
Posts: 4347
(4358 all sites)
Registered: 12/18/2004
Status: Offline

  posted on 1/11/2018 at 01:58 PM
quote:
President Trump and The Republican’s Tax Cuts and Jobs Act continues to directly benefit the American worker:

Walmart boosts pay for one million U.S. workers, tax reform is the reason why
www.foxbusiness.com

Walmart (WMT), the nation’s largest employer, with 1.5 million U.S. workers will allow the majority of those employees, 1 million, to share in the benefits of the largest sweeping tax reform in three decades.

The retailer is boosting starting hourly wages to $11 an hour. Additionally, the retailer will give one-time $1,000 bonus payments to workers, depending on length of service at the company. It is also extending maternity and parental benefits. The changes take place in February.

“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders” said CEO Doug McMillon in a statement on Thursday.

Walmart joins other major S&P 500 companies that have rewarded employees after the passage of President Trump’s tax reform package which lowers the corporate tax rate to 21% from 35% and provides tax breaks for most American workers.

http://www.foxbusiness.com/markets/2018/01/11/walmart-boosts-pay-for-one-mi llion-u-s-workers-tax-reform-is-reason-why.html






That's great for those workers. But what about their Sam's Club workers.

http://www.businessinsider.com/walmart-suddenly-closes-sams-club-stores-201 8-1

Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider.

Several stores were abrupty closed Thursday. In some cases, employees were not informed of the closures prior to showing up to work on Thursday.

Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports.

Ten of the affected stores will be turned into ecommerce distribution centers, and employees of those stores will have the opportunity to reapply for positions at those locations, a Walmart official said.

The remaining stores will stay open for several weeks before closing permanently.

Sam's Club offered an explanation for the closures on Twitter, saying, "After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition."

1h

YourMCAdmin
@YourMCAdmin
Wow, a whole lot of @SamsClub locations shut down today while giving 0 notice to workers. That sounds like the management team alright. They are heartless people. I feel terrible for the thousands of people who just lost their jobs.


Sam's Club
&#10004;
@SamsClub
After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition.

9:25 AM - Jan 11, 2018
35 35 Replies 10 10 Retweets 3 3 likes
Twitter Ads info and privacy
The closures come on the same day that Walmart announced it was raising starting hourly wages to $11, expanding employee benefits, and offering workers bonuses of up to $1,000.

Here's a list of closures rounded up from local media reports and Sam's Club employees that contacted Business Insider. The list will be updated as we learn of additional locations.

8801 Old Seward Hwy, Anchorage, AK 99515
17835 Gale Ave, City of Industry, CA 91748
12540 Beach Blvd, Stanton, CA 90680
69 Pavilions Dr, Manchester, CT 06042
355 FL-436, Fern Park, FL 32730
5135 S Dale Mabry Hwy, Tampa, FL 33611
2994 Turner Hill Rd, Lithonia, GA 30038
501 N Randall Rd, Batavia, IL 60510
21430 S Cicero Ave, Matteson, IL 60443
900 S Barrington Rd, Streamwood, IL 60107
1055 McHenry Rd, Wheeling, IL 60090
808 S Illinois Rte 59, Naperville, IL 60540
460 S Weber Rd, Romeoville, IL 60446
3015 W 86th St, Indianapolis, IN 46268
10859 E Washington St, Indianapolis, IN 46229
4024 Elkhart Rd #1, Goshen, IN 46526
9598 Cortana Pl, Baton Rouge, LA 70815
9750 Reisterstown Rd, Owings Mills, MD 21117
3745 Louisiana Ave S, St Louis Park, MN 55426
2800 27th Ave S, Moorhead, MN 56560
81 International Dr S, Budd Lake, NJ 07828
2649 Erie Blvd E, Syracuse, NY 13224
720 Fairmount Ave, Jamestown, NY 14701
700 Elmridge Center Dr, Rochester, NY 14626
1600 Marketplace Dr, Rochester, NY 14623
4825 Marburg Ave, Cincinnati, OH 45209
9570 Fields Ertel Rd, Loveland, OH 45140
1805 Getwell Rd, Memphis, TN 38111
1615 S Loop W, Houston, TX 77054
13331 Westheimer Rd, Houston, TX 77077
901 S Grady Way, Renton, WA 98057
1101 Outlet Collection Way, Auburn, WA 98001
13550 Aurora Ave N, Seattle, WA 98133
If you know of stores closing that are missing from this list, reach out to hpeterson@businessinsider.com.

 

Zen Peach



Karma:
Posts: 68383
(68744 all sites)
Registered: 11/28/2001
Status: Offline

  posted on 1/11/2018 at 02:46 PM
quote:
quote:
Well, I actually have a degree in math - and I worked for a utility and worked with the state utility commission all the time.... but I'm sure you know better how utility rates are set.....



You claim to have a degree in math?
Maybe you should get your money back.




They didn't have classes in trolling when I was in college.......

I have a degree in Math and Psychology .... people like you were talked about all the time in my psychology classes ....

 

Universal Peach



Karma:
Posts: 6324
(6324 all sites)
Registered: 7/18/2010
Status: Online

  posted on 1/11/2018 at 03:49 PM
I bet there are classes in internet psychology by now - these are serious pathologies, infecting others, really sick stuff.

This guy is a classic troll - needs help, but online there are no social checks, it can just snowball into a severity that is not simply an irritant to others, but a self-justifying, self-fueling, self-acceleating fishbowl logic world where extreme behaviors may result in the real world.

Easy to shrug off, it's just a chat forum, but given the steady escalation of offensive antisocial attacks, the repetition and incoherence (the "black murder" tape-loop the most glaring recent example), a chilling lack of humor as well as outright refusal of genuine gestures of friendship, combined with the recent report from a longtime member that he used to be friendly and social - a clearly downward spiral into paranoid schizophrenia - I'd offer a layman's guess it is not too farfetched to surmise that he is a likely candidate for going postal or suicide, or some.other radical antisocial meltdown.

Creep.

 

Ultimate Peach



Karma:
Posts: 3671
(3677 all sites)
Registered: 10/5/2004
Status: Offline

  posted on 1/11/2018 at 05:53 PM
Remember Trump & all his bravado about Carrier. Fast forward.

https://www.yahoo.com/news/carrier-workers-activists-slam-president-1502465 02.html

 

A Peach Supreme



Karma:
Posts: 2945
(2944 all sites)
Registered: 10/5/2005
Status: Offline

  posted on 1/11/2018 at 09:11 PM
Let these Carriert folks check back in a year in a boom economy to see how they fared. I am positive most will report back with good news and not just that they could finally afford a pizza, which was an Obama benchmark for middle class progress.

 

____________________

 

Ultimate Peach



Karma:
Posts: 3912
(3910 all sites)
Registered: 8/26/2006
Status: Offline

  posted on 1/11/2018 at 09:42 PM
quote:
Let these Carriert folks check back in a year in a boom economy to see how they fared. I am positive most will report back with good news and not just that they could finally afford a pizza, which was an Obama benchmark for middle class progress.


Mule has been insisting that the economy has been booming under Trump this year, and he points to the record stock market and the 2.1 million new jobs added in 2017. Are you disagreeing with him?

 

Maximum Peach



Karma:
Posts: 9137
(9162 all sites)
Registered: 4/27/2003
Status: Offline

  posted on 1/12/2018 at 12:17 AM
quote:
Remember Trump & all his bravado about Carrier. Fast forward.

https://www.yahoo.com/news/carrier-workers-activists-slam-president-1502465 02.html


I said it then, the jobs saved at the Carrier plant were not enough. And where is the punishment, the teeth to bite these corporations that outsource the job only to make the product abroad only to bring it back in for sale in our market.

That is not how free trade is supposed to work. If there is an HVAC company that wants to export it's products to the US, that is one thing. If there is an HVAC company in the US that wants to export it's jobs to Mexico so it can bring the product back into the US to make more profit - that is another thing. And there are other variables, competitive pressure on wholesale and retail pricing and market share that shape these decisions, it isn't always about wanting more profit.

For me the Carrier "deal" by Trump was a good first step, but it's a failure. Some jobs at Carrier were indeed kept there. But the failure is the bigger picture. We are a year into the administration and there is no new system in place to discourage outsourcing of US labor and no punishment for those companies that do. Shame on them and shame on Trump for not fighting harder on this.

Alot's been made about the tax changes on foreign profits and how it could encourage offshoring. But foreign profits were already protected from US taxes so long as those profits were kept outside our country, which was often the case. So in effect there is no change on that. Now those profits are welcomed to come back to the US with much lower rate as under the prior law companies had to keep their foreign earning abroad to avoid US taxes. We'll have to see how that plays out although people for or against one party or the other have already dug their positions in.

 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/16/2018 at 06:29 PM
President Trump and The Republican’s Tax Cut and Jobs Act continues to directly help The American Economy and People:

Fiat Chrysler will move Ram truck production from Mexico to Michigan
By Ray Downs | Jan. 11, 2018 at 10:03 PM

Jan. 11 (UPI) -- Fiat Chrysler Automobiles said Thursday it plans to invest more than $1 billion in a Detroit-area truck plant and move production of its Ram Heavy Duty trucks there from Mexico.

The move is expected to create more than 2,500 jobs in the Detroit area by 2020. In addition, FCA said it will give special bonus payments of $2,000 to approximately 60,000 f its hourly and salaried employees.

FCA credited the recently-passed tax reform legislation for these decisions.

"These announcements reflect our ongoing commitment to our U.S. manufacturing footprint and the dedicated employees who have contributed to FCA's success," Fiat Chrysler CEO Sergio Marchionne said in a news release. "It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly."

President Donald Trump praised FCA's announcement via Twitter on Thursday.

"Chrysler is moving a massive plant from Mexico to Michigan, reversing a years long opposite trend," he wrote. "Thank you Chrysler, a very wise decision. The voters in Michigan are very happy they voted for Trump/Pence. Plenty of more to follow!"

The Italian-owned FCA's announcement comes one day after Japanese-owned Toyota and Mazda said it will build an assembly plant in Alabama that will create approximately 4,000 jobs in the Huntsville area.

https://www.upi.com/Top_News/US/2018/01/11/Fiat-Chrysler-will-move-Ram-truc k-production-from-Mexico-to-Michigan/5231515725368/



 

Universal Peach



Karma:
Posts: 6053
(6062 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 1/16/2018 at 06:36 PM
Bob Wright on US economy: 2018 will be the most outstanding year since 1996

www.foxbusiness.com

The U.S. economy expanded more than 3% during the second and third quarter of 2017, with the Federal Reserve Bank of Atlanta's GDPNow model predicting 3.4% growth in the fourth quarter .

On top of that, stocks continue their record rally with the Dow passing the 26K milestone Tuesday.

Former NBC Universal CEO Bob Wright said he agrees with the Trump administration predictions for even further economic growth boosted by the recent tax reform legislation.

“And I’ll say one thing, [Dow] 26,000, I don’t think we really haven’t gone anywhere near where we’re going to go,” Wright told FOX Business’ Stuart Varney on “Varney & Co.”

According to Wright, the tax reform plan could potentially impact the economy into next year and beyond.

“I’ve predicted 2018 will be the most outstanding year since probably 1996 or 1997 in terms of productivity, in terms of probably getting close to 4% on GDP and then the following years are going to have tremendous opportunity to that. “

Wright also predicted the tax reform package could lead to as many as 10 million jobs being created over the next decade, said the booming economy would benefit a wide range of businesses in America.

“The economy is going to be so strong this year that you’re going to see all kinds of things, real estate is going to happen, small businesses, large businesses, bringing back that cash or a lot of that cash is going right into the economy.”


 

Peach Extraordinaire



Karma:
Posts: 4510
(4505 all sites)
Registered: 12/27/2003
Status: Offline

  posted on 1/16/2018 at 09:12 PM
Do you need a trip to the bathroom Mule?
 
<<  1    2    3    4    5    6    7  >>  


Powered by XForum 1.81.1 by Trollix Software

Privacy | Terms of Service | Report Infringement | Personal Data Management | Contact Us
The ALLMAN BROTHERS BAND name, The ALLMAN BROTHERS name, likenesses, logos, mushroom design and peach truck are all registered trademarks of THE ABB MERCHANDISING CO., INC. whose rights are specifically reserved. Any artwork, visual, or audio representations used on this web site CONTAINING ANY REGISTERED TRADEMARKS are under license from The ABB MERCHANDISING CO., INC. A REVOCABLE, GRATIS LICENSE IS GRANTED TO ALL REGISTERED PEACH CORP MEMBERS FOR The DOWNLOADING OF ONE COPY FOR PERSONAL USE ONLY. ANY DISTRIBUTION OR REPRODUCTION OF THE TRADEMARKS CONTAINED HEREIN ARE PROHIBITED AND ARE SPECIFICALLY RESERVED BY THE ABB MERCHANDISING CO.,INC.
site by Hittin' the Web Group with www.experiencewasabi3d.com