Re: Tax bill
 

[quote=MTK;1184302]Trump is the one touting one of the major benefits of the bill as more jobs[/quote]

Yeah and he’s as uninformed as ever.

Re: Tax bill
 

[url=http://money.cnn.com/2018/01/02/investing/us-tax-companies-overseas-cash/index.html?iid=hp-stack-dom]U.S. companies will pay billions in tax on offshore cash piles - Jan. 2, 2018[/url]

Re: Tax bill
 

[quote=Chico23231;1184845][url=http://money.cnn.com/2018/01/02/investing/us-tax-companies-overseas-cash/index.html?iid=hp-stack-dom]U.S. companies will pay billions in tax on offshore cash piles - Jan. 2, 2018[/url][/quote]

This is EXACTLY what I've been harping on. The corporate tax changes mean the US will collect more from corporations, not less.

And companies will save more money going forward.

Re: Tax bill
 

[quote=Schneed10;1184857]This is EXACTLY what I've been harping on. The corporate tax changes mean the US will collect more from corporations, not less.

And companies will save more money going forward.[/quote]

Im with you...

Re: Tax bill
 

[url]https://www.reuters.com/article/us-imf-economy-outlook/imf-raises-global-growth-forecast-sees-trump-tax-boost-idUSKBN1FB1TK[/url]

IMF raises global growth forecast, sees Trump tax boost

Re: Tax bill
 

[url]https://www.reuters.com/article/us-arconic-pensions/arconic-to-freeze-pension-plans-for-7900-u-s-employees-idUSKBN1EX1DF[/url]

Re: Tax bill
 

[quote=dmek25;1186372][url]https://www.reuters.com/article/us-arconic-pensions/arconic-to-freeze-pension-plans-for-7900-u-s-employees-idUSKBN1EX1DF[/url][/quote]

That sucks. However, what does it have to do with the tax bill? Or did you just think this was the best place for this article? I ain't mad about it either way but I'm left to guess what your point is, since all you did is provide the link.

This decision appears to be in no way related to the new tax bill.

Re: Tax bill
 

[quote=Schneed10;1186457]That sucks. However, what does it have to do with the tax bill? Or did you just think this was the best place for this article? I ain't mad about it either way but I'm left to guess what your point is, since all you did is provide the link.

This decision appears to be in no way related to the new tax bill.[/quote]

Weirder still it's from Jan 8th, and is only half the story:

[url=http://qctimes.com/business/arconic-to-freeze-u-s-pension-plans/article_c4e146d4-7877-5c0b-95d7-e6d7ea84a076.html]Arconic to freeze U.S. pension plans | Economy | qctimes.com[/url]

They are simply changing from a pension plan to a 401k retirement plan.

Re: Tax bill
 

[quote=CRedskinsRule;1186469]Weirder still it's from Jan 8th, and is only half the story:

[url=http://qctimes.com/business/arconic-to-freeze-u-s-pension-plans/article_c4e146d4-7877-5c0b-95d7-e6d7ea84a076.html]Arconic to freeze U.S. pension plans | Economy | qctimes.com[/url]

They are simply changing from a pension plan to a 401k retirement plan.[/quote]

Is that better for employees?

Re: Tax bill
 

[quote=Giantone;1186474]Is that better for employees?[/quote]

I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.

Re: Tax bill
 

[quote=CRedskinsRule;1186475]I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.[/quote]

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

Re: Tax bill
 

[quote=Giantone;1186477]My wife's employer has done the same but it's not a matching 401k more of a special savings program.[/quote]

The article said this was a 3% contribution matching up to 6%.

Re: Tax bill
 

it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions

Re: Tax bill
 

[quote=dmek25;1186481]it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions[/quote]

I guess you work there, did they not switch over to the 401k or is it a major dropoff in benefits?

Re: Tax bill
 

[quote=Giantone;1186474]Is that better for employees?[/quote]

I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.