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Corporate tax breaks do NOT create jobs
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2017 Sep 4, 10:59am 20,461 views 87 comments
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83
LeonDurham
2018 Aug 5, 4:26pm
MrMagic says
No problem--I post data all the time. Here you go:
Trump first 18 months -- 3,432K jobs created
Obama last 18 months-- 3709K jobs created
Nope, not obvious, but it will be as soon as you post Obama's numbers from his first 18 months as a comparison...
We'll be waiting...
No problem--I post data all the time. Here you go:
Trump first 18 months -- 3,432K jobs created
Obama last 18 months-- 3709K jobs created
84
LeonDurham
2018 Aug 5, 4:31pm
TrumpingTits says
Yes, I'm serious. Things are not better. Jobs created is down. GDP is the same. All the tax savings have gone to the 1% in the favor of stock buybacks and bonuses.
And the only reason that revenue is up is Trump gave in to multinational companies and let them bring their money back to the US. Once all the money is back, you can be certain the revenues will be down. And the trillions will be borrowed.
Are YOU FUCKING SERIOUS? No, really? That was a serious question. Especially since a) things are a helluva lot better no matter how you spin things (or try to) and b) he isn't borrowing TRILLIONS. The new econ stats prove that was a bunch of total crap! Larry Kudlow has been vindicated, pal.
Yes, I'm serious. Things are not better. Jobs created is down. GDP is the same. All the tax savings have gone to the 1% in the favor of stock buybacks and bonuses.
And the only reason that revenue is up is Trump gave in to multinational companies and let them bring their money back to the US. Once all the money is back, you can be certain the revenues will be down. And the trillions will be borrowed.
85
MrMagic
2018 Aug 5, 6:18pm
MrMagic
2018 Aug 5, 6:18pm
LeonDurham says
Wow, now let's try this again, but this time, really try to use reading comprehension, OK?
MrMagic says
Leon, do you see the operative word in that sentence, "first". This is how you do an apples to apples comparison.
A "first" and "last" comparison shows absolutely nothing, except that you're just trolling again and being dishonest.
LeonDurham says
I just did.
Trump first 18 months -- 3,432K jobs created
Obama last 18 months-- 3709K jobs created
Wow, now let's try this again, but this time, really try to use reading comprehension, OK?
MrMagic says
It's funny, why not do it apples to apples, compare Obama's first 18 months to Trumps first 18.
Leon, do you see the operative word in that sentence, "first". This is how you do an apples to apples comparison.
A "first" and "last" comparison shows absolutely nothing, except that you're just trolling again and being dishonest.
LeonDurham says
Excellent--could you point to the post that you think is trolling?
I just did.
86
MrMagic
2018 Aug 5, 7:09pm
MrMagic
2018 Aug 5, 7:09pm
LeonDurham says
LOL
Obama had multiple quarters of 4% growth.
But the sheeple somehow still believe that Trump has helped the economy. lol.
LOL
87
LeonDurham
2018 Aug 5, 7:50pm
MrMagic says
That would be a dumb comparison. If Trump has helped the economy, you'd see a difference in the trend when he took over. The only difference is that Trump has made things worse. MrMagic says
lol--can you show me where Trump is improving things? Lest you forget, you are the one saying Trump is making things better. I am the one supplying the data proving that he is not.
Leon, do you see the operative word in that sentence, "first". This is how you do an apples to apples comparison.
A "first" and "last" comparison shows absolutely nothing, except that you're just trolling again and being dishonest.
That would be a dumb comparison. If Trump has helped the economy, you'd see a difference in the trend when he took over. The only difference is that Trump has made things worse. MrMagic says
LOL
lol--can you show me where Trump is improving things? Lest you forget, you are the one saying Trump is making things better. I am the one supplying the data proving that he is not.
« First « Previous Comments 83 - 87 of 87 Search these comments
https://www.thestreet.com/story/14284462/1/corporate-tax-cuts-promote-ceo-pay-raises-and-stock-buybacks-not-jobs.html
"Researchers looked at 92 publicly-held companies that reported a U.S. profit from 2008 to 2015 and paid a federal income tax of less than 20%, the rate proposed by House Republicans, by exploiting loopholes in the current tax code.
The 92 companies examined saw median job growth of negative 1% over an eight-year period, compared to 6% across the entire U.S. private sector. Moreover, half of those firms eliminated jobs during that time, downsizing by a combined total of 483,000 jobs.
At the same time, average CEO pay among the 92 firms rose by 18%, compared to a 13% increase across the entire S&P 500"
But, cutting corporate tax rates would ABSOLUTELY enrich Trump himself. When the Trumpcucks realize that he cares not for the average American. Everything he does, he does for one reason alone. To enrich himself and his family.
https://www.yahoo.com/news/trump-promised-put-american-workers-142940732.html
is another interesting article detailing how Trump has screwed the American worker but helped his businesses.
#MAGA