Tax bill

[Schneed10]

Originally Posted by mooby

Everyone knows when you give huge tax cuts to corporations, they reinvest those savings into hiring more workers to boost the economy Matty. Quit being so pessimistic. Whereas if you take money and put it in the hands of the struggling workers, they just sit on it and don't spend it at all.

If you think the point is to spur hiring then you don’t get the issue.

The purpose is to dissuade corporations from routing their revenues and profits through foreign governments so they actually pay US taxes instead of European or Canadian taxes.

It’s a tax revenue generating move.

[mooby]

Idk why it won't let me quote your post Schneed but whatever. I know the point is not to spur job creation, but to increase tax revenue by bringing companies back to paying in the US because it's cheaper than overseas. We had that conversation already.

My point is it's ironic how job creation is this big issue when Obama is president, but magically it's a non-issue under Trump. I guess everything will fall in line now that tax reform has passed.

[Schneed10]

Originally Posted by mooby

Idk why it won't let me quote your post Schneed but whatever. I know the point is not to spur job creation, but to increase tax revenue by bringing companies back to paying in the US because it's cheaper than overseas. We had that conversation already.

My point is it's ironic how job creation is this big issue when Obama is president, but magically it's a non-issue under Trump. I guess everything will fall in line now that tax reform has passed.

Yeah, the unemployment rate is what, 4% now? It’s not an issue. Obama inherited (through no fault of his own) a high unemployment rate. It was a focus because it was a problem.