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Chase increasing pay for workers, hiring 4000, bonuses because of tax cut

Steeped in a Sea of Games

Steeped in a Sea of Games

The Fallen
Oct 25, 2017
6,948
sangreal said:
The long overdue corporate tax reform was needed and the ridiculous amount of money held hostage overseas ensured there would be a large one-time impact from repatriation. Now try to justify the rest of the changes...

Also, Chase and other companies would be grossly mismanaged if they only made their workforce more competitive because they have a few extra dollars they don't know what to do with
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Indeed, very few were against corporate tax rates going down, it's the fact that all wealth is still siphoned straight to the top while basic public services keep getting the axe. We're losing a lot for paltry returns, but short term is all any American cares about.
 
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sangreal

sangreal

Banned
Oct 25, 2017
10,890
Netherscourge said:
How much "trickle down" do you think will come from just raises and bonuses?
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People at this level (hourly employees and sub-$60k salary) will spend the extra money, no voodoo economics required. The problem w/ trickle down is giving more money to people that are not constrained by finances in the first place
 
sangreal

sangreal

Banned
Oct 25, 2017
10,890
Steeped in a Sea of Games said:
Indeed, very few were against corporate tax rates going down, it's the fact that all wealth is still siphoned straight to the top while basic public services keep getting the axe. We're losing a lot in return for paltry returns, but short term is all any American cares about.
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Exactly, we've traded the long-term viability of safety net and other services of public benefit for a few hundred dollars a year. Pointing out every time someone gets some scraps not only misses the point, it demonstrates it
 
GoldenEye 007

GoldenEye 007

Roll Tide, Y'all!
Banned
Oct 25, 2017
13,833
Texas
Maxim726x said:
I mean... It's more than a PR show at this point.

Trump is a cunt but so far this, in addition to taxing repatriated money, points to the tax cuts working as intended.
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It's just weird that all of these different companies with different revenues, missions, audiences, etc. have magically settled on $1,000 as the bonus number. As if they have not been making massive profits for years but this tax bill was finally the thing that allowed them to give a bonus to employees. Disney just made a new announcement too for a $1,000 bonus. And a whole $50 million investment in education reimbursement or something. They probably clear that in a weekend at Magic Kingdom.
 
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