Dec 17 2017
06:50 am

A dividend for the stockholders (go to about 21 minutes into the video).


As has been said here in the past, "Corporations are sitting on a record amount of cash reserves: nearly $2.3 trillion. That figure has been climbing steadily since the recession ended in 2009, and it's now double what it was in 2001. The reason CEOs aren't investing more of their liquid assets has little to do with the tax rate."

The flimsy one-page [tax reform] analysis Treasury released, ... is a politically driven document that amounts to economic malpractice.
The tax bill is an economically indefensible blunder that will harm our future.

Ah, whatever. At least I'm one of the majority of voters that selected the Democratic nominee for president. It doesn't make me feel great. I can say my votes did not result in this guy and these senators and representatives holding office.

The Ghost of Christmas Past's picture

I don't know about that. A

I don't know about that. A vote for Clinton in the Democratic primary was ultimately a vote for Trump. I can't believe democrats would still vote for Clinton over Sanders, if they had to do it over again. Doomed to repeat...

jbr's picture

CEOs admit they won’t actually invest more if tax reform passes

John Bussey, an associate editor with the Journal, asks the CEOs in the room, “If the tax reform bill goes through, do you plan to increase investment — your companies’ investment — capital investment,” and requests a show of hands. Only a few hands go up, leaving Cohn to ask sheepishly, “Why aren’t the other hands up?”

The reason few hands are raised is there’s little reason to believe that the kind of broad corporate income tax cut Republicans are pushing for will induce much new investment. A tax plan that was specifically designed to reduce taxation of new investments might do that. But most corporate profits are, of course, the result of activities undertaken in the past. So a broad cut in corporate tax rates is a windfall for what in tax policy jargon is called “old capital,” as well as for monopoly and quasi-monopoly rents and various other things that have nothing to do with incentivizing new investment.

Watch CEOs admit they won’t actually invest more if tax reform passes

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