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Biggest Reform EVER passed thread

ConnorEl said:
No shit.

If only there had been some way to know ahead of time that slashing taxes on the wealthy (at exactly the wrong time) and corporations would decrease tax revenue and inflate deficits.
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Something like math?
 
But the tax cuts pay for themselves. If we are worried about the deficit, obviously we have not cut taxes enough. They need to make these cuts permanent so that we can create jobs and better wages to pay off the debt.
 
Are all y'all complaining like that really not getting good raises recently? Maybe ya just suck at your job.
 
4.3% of workers are getting any one-time bonuses or wage increases from their employers. Just 6.3 million workers are getting a one-time bonus and/or a wage hike tied to the business tax cuts. The total U.S. workforce is 147.6 million, per the Bureau of Labor Statistics. [Source: Topline Corporate Data spreadsheet]

5.4 million are getting bonuses and 1.7 million are getting a wage hike; some number are getting both.
Just 385 businesses are providing their workers with one-time bonuses and/or wage hikes for which the cost has been announced or is able to be estimated. There are 26 million U.S. businesses, per the Tax Policy Center.


https://americansfortaxfairness.org/key-facts-american-corporations-really-trump-tax-cuts/
 
PhDeac said:
4.3% of workers are getting any one-time bonuses or wage increases from their employers. Just 6.3 million workers are getting a one-time bonus and/or a wage hike tied to the business tax cuts. The total U.S. workforce is 147.6 million, per the Bureau of Labor Statistics. [Source: Topline Corporate Data spreadsheet]

5.4 million are getting bonuses and 1.7 million are getting a wage hike; some number are getting both.
Just 385 businesses are providing their workers with one-time bonuses and/or wage hikes for which the cost has been announced or is able to be estimated. There are 26 million U.S. businesses, per the Tax Policy Center.


https://americansfortaxfairness.org/key-facts-american-corporations-really-trump-tax-cuts/
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Anybody who believed that this was anything other than a way to cut taxes on the wealthy and corporations is gullible in the extreme. They gave a few crumbs to the middle-class (which expire after a few years) to sell it, and to hopefully help the GOP in this year's elections. They knew damn well that it would increase the deficit, and didn't care. And, if the growing budget deficits "force" them to cut back on welfare and entitlement programs and benefits, so much the better. The modern GOP Establishment has a blind faith that tax cuts aimed at the wealthy and corporations fix everything, and are never a bad idea. Their Trumpite base either gets almost nothing from the tax cuts, or even faces the prospect of cuts to programs they rely on, but buys into the tax cut idea anyway, because Trump says it's a good deal. It's like the classic Old West medicine/con men salesmen who went from town to town selling some kind of "elixir" which they claimed would cure cancer and whatever else ailed the local folk. Usually the elixir was whiskey and some drugs mixed together. It gave you the illusion of feeling better, when in reality it usually made your condition worse.
 
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Yep.

Their masters have preached nonsense for so long, largely as an opposition party, that a growing number of the base (and of elected leaders) have become true believers in the fable of smaller government, lower taxes, and less regulation as a magical healing balm. And now in power they are the proverbial dog that caught the car. Smart ones know they’ve fucked up and are looking around nervously for an exit.
 
GOP tax cuts have gotten less popular with voters, new NBC/WSJ poll says

The new NBC News/Wall Street Journal poll shows that the tax-cut law, never broadly popular, has sagged in public esteem lately. Just 27 percent of Americans call it a good idea, down from 30 percent in January. A 36 percent plurality call it a bad idea, while the rest have no opinion.

Moreover, a majority gives thumbs-down on the plan when asked to consider its potential effects. Just 39 percent foresee a positive impact from a stronger economy, more jobs and more money in their pockets; 53 percent foresee a negative impact from higher deficits and disproportionate benefits for the wealthy and big corporations.
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Even if Republicans honestly thought the tax cuts were going to be good for the economy, they should have known from 2009 how easy it is for a minority party to spin big legislation.
 
Foxx says you should be feeling the love.

Thankfully, a large majority of Americans have noticed a change in their income this year. Many received hefty end-of-year bonuses and raises. Some recently joined the workforce, which is experiencing the lowest unemployment rate since 2000. Even into February and March, Americans continued to notice bigger paychecks. That’s because under that Tax Cuts and Jobs Act (TCJA), Americans are keeping more of their hard-earned money.

This Tuesday, Tax Day, was for once an occasion to celebrate. For the last time, Americans filed under the broken, 32-year-old code. Next year, the process will not only be simpler, but bring lower tax rates as the TCJA doubles the standard deduction and the child tax credit to relieve working Americans and families. Learn more here.
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Poll: Most voters say they haven't seen pay boost from tax law

This is repetitive at this point, but it says something that the numbers are somehow getting worse. Especially after Republicans used the tax deadline to try to sell the bill again to the public.

Overall, 55 percent of those surveyed said they had not noticed an increase in their paychecks in “the past several weeks.” Twenty-two percent said they had, and the rest didn’t know or had no opinion.

The number saying they have seen no increase is up slightly from a POLITICO/Morning Consult poll in February, when 51 percent reported that, compared to 25 percent who said they had noticed a bump.
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I have a feeling Republicans are going to sell the "just wait until all the money you'll see next year" approach at midterms. Combined with the "you won't see that money if you vote democrat!".
 
wakephan09 said:
I have a feeling Republicans are going to sell the "just wait until all the money you'll see next year" approach at midterms. Combined with the "you won't see that money if you vote democrat!".
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Surely they can get some consultants from our fanbase for this bold "wait till next year" approach.
 
Looks like people aren't having to wait till next year

“Worker compensation rising at fastest pace since 2008, ECI finds” [MarketWatch]. “The cost of employing the average American worker is rising at the fastest pace in a decade, offering more proof firms have to fork over better pay and benefits to attract talent in a period of extremely low unemployment. The employment cost index rose 0.8% in the first quarter, a tick above the MarketWatch estimate. The cost of worker compensation in the form of pay and benefits climbed to yearly rate of 2.7%, the biggest gain since 2008.” Not exactly a make-good for a decade of agony.
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