THE BIG LIST OF TAX-CUT RESULTS FOR THE PEOPLE
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THE BIG LIST OF TAX-CUT RESULTS FOR THE PEOPLE

By Sniper following x   2017 Dec 24, 12:26pm 1,265 views   62 comments   watch   sfw   quote     share    


So far, 14 companies announce bonuses, more pay, expansion. More to come.......

WASHINGTON – Before the ink was even dry on President Trump’s signature on the Republican tax-cut bill, corporate America was not only toasting it, praising it and celebrating it, but handing out money to employees like Santa Claus.

Here’s the growing BIG LIST of companies reacting to the tax cuts with bonuses, more pay and expansion leading directly to new jobs:

U.S. Bank of America employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.

PNC Financial Services will give $1,000 bonus to about 47,500 workers.

New Braunfels-based Rush Enterprises of Texas is giving each of its 6,600 employees a $1,000 bonus – a total of $6.6 million. Chief Financial Officer Steven Keller said: “You’ve got a choice – we could’ve kept it and stuffed it in the company bank account or coffers, or we can share it with the people.”

Associated Bank in Wisconsin boosted its minimum hourly wage to $15 and paying workers a $500 bonus.

Idaho health-care and home-products company Melaleuca Inc. is providing its 2,000 employees $100 bonuses for every year they worked for the company. The company has 147 employees who have worked for the company for 20 years or more.

In Hawaii, Royal Hawaiian Heritage Jewelry plans to open up three more shops – in Honolulu, in Kauai and Maui in addition to its existing three shops.

Washington Federal in Seattle will increase wages for most of its workers by 5 percent and is adding 25 people to its information-technology staff.

Aquesta Financial Holdings in Cornelius, N.C., will raise hourly pay to $15 and will be giving $1,000 bonuses to all of it workers.

Canary LLC announced it will hire new employees and purchase more equipment.

AT&T expanding its bonus program to an additional 200,000 staffers getting $1,000 apiece.

Boeing gift of $300 million in investment in its employee-related charitable program “to support our heroes, our homes and our future.”

Wells Fargo raises minimum wage to $15.

Fifth Third raises minimum wage to $15 and offering bonuses of $1,000 to 13,000 employees.

Comcast NBC Universal anted up $1,000 bonuses to more than 100,000 non-executive employees.




http://www.wnd.com/2017/12/the-big-list-of-tax-cut-payoffs/
#economics

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23   CBOEtrader   ignore (1)   2017 Dec 27, 12:00pm   ↑ like (0)   ↓ dislike (0)     quote      

anon_8f378 says
So we'll be paying ~$1T more in year one, $1.05T more in year two, $1.1T more in year 3


Where are you getting these estimates? The groups that do these economic models are notoriously bad at adjusting for changes to the economic environment. In fact, dont most of these predictions assume a flat economic environment?

We are in the midst of a fricken BOOM! Hopefully Trump can continue ending the war in the middle east and cutting regulations.

The deficit wont be anywhere near as bad as you are suggesting.
24   HappyGilmore   ignore (1)   2017 Dec 27, 1:44pm   ↑ like (0)   ↓ dislike (1)     quote      

Sniper says
Please provide a link or chart that shows the deficit that way. You're not understanding the term "OVER 10 years" and think it means "EVERY year."


Lord almighty. Here are the definitions for deficit and debt:

http://www.investorwords.com/1899/Federal_Deficit.html
http://www.investorwords.com/1313/debt.html
Debt is total owed. Deficit is the amount expenditures outweigh revenue (typically measured yearly as the US budget is yearly)
26   anon_08dee   ignore (2)   2017 Dec 27, 5:33pm   ↑ like (0)   ↓ dislike (0)     quote      

CBOEtrader says
The groups that do these economic models are notoriously bad at adjusting for changes to the economic environment.


Many say they are underestimating the tax revenues that will be lost due to new loopholes.
27   Strategist   ignore (1)   2017 Dec 27, 5:41pm   ↑ like (0)   ↓ dislike (0)     quote      

anon_08dee says
CBOEtrader says
The groups that do these economic models are notoriously bad at adjusting for changes to the economic environment.


Many say they are underestimating the tax revenues that will be lost due to new loopholes.


They will all be wrong. Here's why:
The key variable in determining future government revenues is the GDP. If they can't predict the GDP one year in advance, how the hell are they gonna predict the GDP 10 years from now? And if they can't predict the GDP, they can never be accurate about future government revenues. It's all an estimate, and nothing more.
28   Sniper   ignore (10)   2017 Dec 27, 7:26pm   ↑ like (1)   ↓ dislike (0)     quote      

anon_08dee says
Many say


Who are these "many"?
29   Strategist   ignore (1)   2017 Dec 27, 7:38pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says

How about this, if you're agreeing to pay a $10K loan "OVER" ten years, is it paid $10K a year for 10 years (for $100K total), or total amount paid is $10K over that time period?


Now that's an excellent way of putting it. If I was Tatu or whatever name he uses, I would give you an apple for teaching me something.
30   anon_cd4a9   ignore (0)   2017 Dec 27, 7:59pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
You're not understanding the term "OVER 10 years" and think it means "EVERY year."


Again sniper, how much do you think we will deficit spend in 2018? $500 billion $1 trillion? What do you think it will be with these tax cuts? I'm going with $1 trillion but whose to say the Democrats do or don't drag their heels on authorization of that borrowing. Pussies will probably give in but shit could hit the fan really fast.

Again how much do you think we will deficit spend in 2018? Simple question.
31   Strategist   ignore (1)   2017 Dec 27, 8:00pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Strategist says
Sniper says

How about this, if you're agreeing to pay a $10K loan "OVER" ten years, is it paid $10K a year for 10 years (for $100K total), or total amount paid is $10K over that time period?


Now that's an excellent way of putting it. If I was Tatu or whatever name he uses, I would give you an apple for teaching me something.


I try, but he's a real difficult and "special" student!


You mean a special needs student.
I tried some teaching at my university in the old days. I discovered most of the students hated economics, finance, and statistics. I understand everyone has different interests, but if certain subjects are a requirement, students are only there because they have to be there. I don't blame them, and eventually came to the conclusion I would never make a good professor to those who don't want to learn. I ended up moving on to becoming my own boss.
32   anon_cd4a9   ignore (0)   2017 Dec 27, 9:37pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Based on simple math, $1T divided by 10 years would be $100B.


So you know we deficit spent $668 billion in 2017. Now you think tax CUTS are going to drop this to $100B without cuts to spending, folks you can't make this shit up.

You are entitled to your opinion but I personally think you are off by a factor of 10.
35   Strategist   ignore (1)   2017 Dec 27, 9:43pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Strategist says
I try, but he's a real difficult and "special" student!


You mean a special needs student.


I would have said that, but he has delicate feelings.


Ok, lets call him a brilliant student. Just to make him feel better.
36   Strategist   ignore (1)   2017 Dec 27, 9:56pm   ↑ like (1)   ↓ dislike (0)     quote      

Sniper says
anon_cd4a9 says
So you know we deficit spent $668 billion in 2017. Now you think tax CUTS are going to drop this to $100B without cuts to spending,


Seriously Tatty?? Turn down the TDS.

Let's go back to first grade math to help. If the MSM is correct, they say the tax plan will add $1T OVER 10 years. That will be $100B a year.

Obama left office with a $668B deficit, so if the MSM is correct now (which we all know how truly accurate they are, just look at last year's election), there will be an additional $100B in deficit.

So here is the math for the simple minded: $668B + $100B = $768B a year

Do I have to make it simpler than that. And that's if the MSM and all the TDS "experts" are correct with their predictions.


You're wasting your time Sniper. High school education is still free. I suggest we enroll him in a high school near his trailer park.
37   anon_cd4a9   ignore (0)   2017 Dec 27, 10:20pm   ↑ like (0)   ↓ dislike (0)     quote      

I see, so when you are asked,

anon_cd4a9 says
Again how much do you think we will deficit spend in 2018? Simple question.


And you answer,

Sniper says
On top of the almost $700B deficit Obama had his last year?

Based on simple math, $1T divided by 10 years would be $100B.


First off nobody was asking about 2017, 2018 is the year in question, 1 that will be all Trump. 2017 ended on September 30 and I believe that would be 2/3's Trumps 1/3 Obamas time in office.

Again it was a simple question yet for some reason you couldn't answer it straight at first. Now it sounds like you are saying $750 billion much closer to what others are saying which is $1 Trillion. And no they don't mean $1 trillion plus $650 billion. They mean $1trillion .

Oh and strike 1 on calling me tatty. Any other guesses?
38   anon_cd4a9   ignore (0)   2017 Dec 27, 10:20pm   ↑ like (0)   ↓ dislike (0)     quote      

@sniper If you are going to blame 2017 deficit spending on Obama shouldn't he also get credit for increase in Dow along with that?
39   HappyGilmore   ignore (1)   2017 Dec 28, 5:31am   ↑ like (0)   ↓ dislike (3)     quote      

Sniper says
We weren't arguing the definition between debt and deficit, we were arguing the "over 10 years" statement. So let's try this a different way.

If your boss said he was going to give a salary increase of $10K "OVER" ten years, does that mean he pays $10K a year for 10 years (equaling $100K total) or is the cumulative amount to equal $10K?

How about this, if you're agreeing to pay a $10K loan "OVER" ten years, is it paid $10K a year for 10 years (for $100K total), or total amount paid is $10K over that time period?


I'm laughing at your continued display of ignorance here.

Let me try again. The US budget maintains a YEARLY budget. So the budget deficit is measured YEARLY. If it grows to $1.5T that means the YEARLY deficit is $1.5T.

Debt is cumulative. Deficit is yearly.

And fyi--in your example of the salary increase--unless the boss gives the entire $10K in the last year, the total amount paid will be more than $10K. Most likely the total amount paid will be ~$50K if the increases are given yearly at a linear rate.

It's honestly hard for me to fathom that you can't understand this.
40   HappyGilmore   ignore (1)   2017 Dec 28, 5:33am   ↑ like (0)   ↓ dislike (3)     quote      

Strategist says
You're wasting your time Sniper. High school education is still free. I suggest we enroll him in a high school near his trailer park.


Strat---

Some free advice for you. Any time you think CIC is correct, you need to pause and take a second to think harder.
42   Tenpoundbass   ignore (6)   2017 Dec 28, 8:38am   ↑ like (0)   ↓ dislike (1)     quote      

I remember when I was posting my uncanny spot on assessment of Obamacare to come, the Liberals here were all chiming in and saying I was full of shit. Lying and that Obamacare wasn't even implemented yet. Patrick even called me out and suggested I might be racist and don't like Obama because he's black and that's what was skewing my expectations of Obamacare.

So to those of you with low expectations of the Tax cut. I say I'll just wait and see.
43   anon_55d63   ignore (0)   2017 Dec 28, 9:28am   ↑ like (0)   ↓ dislike (0)     quote      

Tenpoundbass says

So to those of you with low expectations of the Tax cut. I say I'll just wait and see.


Fair enough. Maybe the third time is the charm for trickle on economics.

I can't say I'm the biggest fan of Obama care. I knew it was another political sham when single payer went away. Still think something needs to be done with this industry. Also if Obama care does go away we will still see skyrocketing health care costs. It wasn't Obama Care that caused that. Suck we can't get on the same page and get our representative to do something meaningful.
44   HappyGilmore   ignore (1)   2017 Dec 28, 9:38am   ↑ like (0)   ↓ dislike (3)     quote      

Sniper says
Sniper says
Once again, what's the difference between the terms "Over 10 years" and "Each of the next 10 years"? Which way is it being reported?


So?????


So you clearly still don't get it. Your analogy of salary is actually pretty close. If I say my yearly salary will increase by $10K over the next 10 years, the total amount of extra $$ I will get paid in those 10 years will not be $10K. Assuming equal annual raises, the total extra $$ is $55K

The key is that the deficit is being measured yearly, just like the salary is measured yearly.
45   TwoScoopsPlissken   ignore (0)   2018 Jan 3, 12:21pm   ↑ like (2)   ↓ dislike (0)     quote      



JUST IN: Southwest Airlines to give all full-time and part-time employees a $1,000 cash bonus on Monday & company will also make $5M in charitable donations and invest in its Boeing fleet due to tax reform passage. https://t.co/YKho1O67Ek

— CNBC (@CNBC) January 2, 2018

46   Quigley   ignore (0)   2018 Jan 3, 12:33pm   ↑ like (3)   ↓ dislike (0)     quote      

Well that was pretty cool of those airlines to acknowledge their employees are the face of the company and show appreciation for their efforts in the most meaningful and honest way possible: a bonus!

I have a feeling that we are in for boom years unprecedented in my lifetime!
47   HEYYOU   ignore (6)   2018 Jan 3, 12:38pm   ↑ like (0)   ↓ dislike (2)     quote      

Got the list of all those that won't get a bonus or raise based on the total number of those employed?
Got the list of all those that will have a tax increase?
Got a list of all those that will have an increase in their related cost of living?
Got a list of all those that will see gradual tax increases in the coming years?
Got a list of all those that will have to pay a penalty in 2018 under Trumpcare?

I've got this!
NO!
NO!
NO!
NO!
NO!
49   zzyzzx   ignore (1)   2018 Jan 9, 10:16am   ↑ like (2)   ↓ dislike (0)     quote      

HEYYOU says
Got the list of all those that won't get a bonus or raise based on the total number of those employed?
Got the list of all those that will have a tax increase?
Got a list of all those that will have an increase in their related cost of living?
Got a list of all those that will see gradual tax increases in the coming years?
Got a list of all those that will have to pay a penalty in 2018 under Trumpcare?

I've got this!
NO!
NO!
NO!
NO!
NO!


50   Sniper   ignore (10)   2018 Jan 9, 12:09pm   ↑ like (4)   ↓ dislike (0)     quote      

zzyzzx says
Over 1 Million Workers Have Received a Bonus Since The Trump Tax Bill Became Law


Is it time to impeach Trump yet?
51   errc   ignore (2)   2018 Jan 9, 1:44pm   ↑ like (0)   ↓ dislike (0)     quote      

zzyzzx says
https://townhall.com/tipsheet/mattvespa/2018/01/08/whoa-over-1-million-workers-have-received-a-bonus-since-the-trump-tax-bill-became-law-n2431341

Over 1 Million Workers Have Received a Bonus Since The Trump Tax Bill Became Law


I got a yuge bonus, however it was barely 10% more than last years bonus. Trump had zero effect on that
52   Strategist   ignore (1)   2018 Jan 9, 5:11pm   ↑ like (2)   ↓ dislike (0)     quote      

errc says
zzyzzx says
https://townhall.com/tipsheet/mattvespa/2018/01/08/whoa-over-1-million-workers-have-received-a-bonus-since-the-trump-tax-bill-became-law-n2431341

Over 1 Million Workers Have Received a Bonus Since The Trump Tax Bill Became Law


I got a yuge bonus, however it was barely 10% more than last years bonus. Trump had zero effect on that


Kindly check your 401K.
54   TwoScoopsPlissken   ignore (0)   2018 Jan 11, 10:19am   ↑ like (1)   ↓ dislike (0)     quote      

---WALMART---

https://www.axios.com/walmart-boosting-1515675530-f1641dc4-c92c-4002-ab00-b2e8cf35d540.html
Raising starting wage to $11/hr. Paying up to $1,000 bonus to employees. Biggest Employer in USA.

"It won't happen" It happens
"It's not enough"
https://www.huffingtonpost.com/entry/bonuses-gop-taxes_us_5a553a50e4b0d614e48a8f52?nty
Move over Left Wing Americants, Trump Train Coming Through. Choo-freakin'-Choo Choo.
55   TwoScoopsPlissken   ignore (0)   2018 Jan 11, 11:14am   ↑ like (1)   ↓ dislike (0)     quote      



Why, this, this, this, is... ARMAGEDDON
56   Strategist   ignore (1)   2018 Jan 11, 11:44am   ↑ like (2)   ↓ dislike (1)     quote      

TwoScoopsPlissken says


This my friends, is called "trickle down economics"
57   Strategist   ignore (1)   2018 Jan 11, 11:47am   ↑ like (1)   ↓ dislike (0)     quote      

TwoScoopsPlissken says




Pelosis definition of trickle down........The rich drink champagne and trickle down on the poor.
59   anon_1fe2e   ignore (0)   2018 Jan 12, 7:23am   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
Pelosis definition of trickle down........The rich drink champagne and trickle down on the poor.

Are you agreeing with this? If not, what's your disagreement?
60   anon_1fe2e   ignore (0)   2018 Jan 12, 7:23am   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says

This my friends, is called "trickle down economics"

Care to explain how well that's worked for most people since Reagan?
61   BayAreaObserver   ignore (1)   2018 Jan 12, 7:30am   ↑ like (1)   ↓ dislike (1)     quote      

This my friends, is called "trickle down economics"

62   Sniper   ignore (10)   2018 Jan 12, 8:47am   ↑ like (4)   ↓ dislike (1)     quote      

Strategist says
Pelosis definition of trickle down...


What leaks out of her Depends diaper as she walks the halls of congress.

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