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Trump tax cut sparks record-setting $178 billion buyback boom

ONW

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http://money.cnn.com/2018/05/20/investing/stocks-week-ahead-buybacks-tax-cuts/index.html

Corporations investing in creating new jobs...

"That means companies have not significantly boosted spending on equipment, factories and other investments that create jobs and boost wages."

"One broad measure of business spending, real nonresidential fixed investment, rose by 6.1% during the first quarter. That's solid growth signaling a strong economy. However, it was roughly in-line with the past several quarters. It even marked a slight deceleration from the final three months of 2017."

"That means companies have not significantly boosted spending on equipment, factories and other investments that create jobs and boost wages."

Tax cuts going to the middle class...

https://www.npr.org/2017/12/19/5717...h-of-gop-tax-cuts-will-go-to-the-middle-class

"in 2018, households earning $1 million or more — or, 0.4 percent of all tax filers — would be getting 16.5 percent of the total benefit from the bill.
In 2027, households earning $1 million or more — estimated to be 0.6 percent of all filers — would be getting 81.8 percent of the total benefit,"

Fake news about the Trump tax cut...

https://www.forbes.com/sites/stanco...top-10-lies-in-the-trump-budget/#6408c1425fd8

"the Trump 2019 budget quickly faded from view because almost no one wanted to discuss its $1 trillion-plus deficits or its very large domestic spending cuts that are unacceptable to most congressional Republicans and Democrats and have no chance of being considered let alone enacted."
 
So you’re saying all this was a big charade to fool middle and working class Americans not handing their money to the wealthy?


No way
 
Not just his. This is the kernel of the entire GOP machine since 1980. Everything is for this and it’s been orchestrated brilliantly. You can draw a line straight through all the planks of the GOP platform to this overarching goal. Trump was nothing more than the rubber stamp they’ve been waiting to get back
 
Yep. Well said, WakeandBake. What's nuts is that some Pubs weren't in on the con. They honestly thought they'd win votes with this.
 
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