I heard part of an interview with Prof Shay, and I thought this was an interesting piece.
https://finance.yahoo.com/news/3-reasons-gop-tax-bill-213049833.html
https://finance.yahoo.com/news/3-reasons-gop-tax-bill-213049833.html
Not trying to editorialize
- Thread starter mule_eer
- Start date
I've seen similar comments. It's an unpopular bill and may not do what its proponents say that it will. I guess we'll find out as it seems to be on its way to passing.
Assuming it passes, and there is a corresponding uptick in growth, I don’t think anyone will give a ****. I certainly don’t.
It wont be long until the same folks saying this tax cut is terrible will be complaining about rising interest rates.
Did they poll the same people back before the last Presidential election?[laughing]
We'll see. Economy is doing pretty gd good right now and yet Trump and the GOP are at historic lows in popularity. Most people won't see much of a difference in their "tax cuts" by election day 2018. They allowed the media and Democrats to control the narrative on this bill and rushed it through behind closed doors.
People understand 3 things, more money in their wallet, a growing 401k, and a continuing climb in the DOW. My understanding was in Feb that people would start seeing the impacts of this on their takehome pay. Maybe that was a metaphor for when this goes live. Regardless, Dow increase and 401k increase and I’m betting am uptick in growth will occur and when those do, run that **** through megaphones on the corner of every street.
I'm sure it starts in February. Do you think the average American even notices an extra $30 a check, let alone understands the big picture of getting that every paycheck? Not the people I deal with. They will come in and be irate they aren't getting bigger refunds when they file their taxes.
Last edited:
I bet in time, the GOP will attribute our current economic high that started 7-8 years ago on this tax law.
Are you drunk when you post garbage like this? You live in the middle of a state that lost all of it's heavy industry to oversees firms and yet you cheer the potential for more job losses........
Are you drunk everytime you post debunked fake news? 17 intelligence agencies? Debunked a long time ago dumb ***.
Anything over and above the 1.8% “new normal”, is attributed to the new guy. Sorry.
I really don't think the average American gives a crap about the Dow. You and I might care but people living paycheck to paycheck don't. Most Americans don't contribute to a 401k. 65% of Americans either don't have or don't contribute to a plan. The $25 bucks a paycheck most of Americans will see in their paycheck will go to staples. Many of the poor and white American Trump supporters will buy more beer, cigs, and maybe a new tattoo. We can only hope there is economic growth associated with this legislation.