Politics Thread

[Juice]

Wells Fargo already pays $13.50/hr. Raising to $15/hr is nice. But where is the rest of their enormous pile of cash going? I think we know where.

Original talking point from the left: it's only a tax cut for the rich, no one else will benefit
/People start to benefit within hours
New talking point: yeah well rich people are getting something from this too

Tell the people getting a 1.50 raise that it isn't a big deal.

[GoMuskies]

Tell the people getting a 1.50 raise that it isn't a big deal.

It's only an 11% raise. Who gets excited by that.

As to where the rest will go: hopefully to dividends and buybacks. Things that, you know, put cash in people's pockets. (Hiriing - or deciding to avoid layoffs - and other investments would also be welcome).

[Lloyd Braun]

More trickle-down hopefuls... got it. I’m sure most of the middle class is excited for the dividends and buybacks.

[GoMuskies]

More trickle-down hopefuls... got it. I’m sure most of the middle class is excited for the dividends and buybacks.

The middle class don't have 401ks, IRAs and pensions? I'm pretty sure when corporations (employers) do well, the country as a whole is better off.

[BandAid]

I don’t know too much about how this calculator works. But its fun to play around with: http://taxplancalculator.com/

[Lloyd Braun]

The middle class don't have 401ks, IRAs and pensions? I'm pretty sure when corporations (employers) do well, the country as a whole is better off.

Are corporations struggling now? Where is the simplified tax code? I was warming up to the postcard idea!

[GoMuskies]

Do we need to wait for them to start to struggle? If they're doing well, wouldn't we want to be competitive with the rest of the world from a tax perspective so that more of the investment/employment/activity is here instead of offshore?

[bleedXblue]

some people are actually complaining about lower tax rates......think about that for a second

[boozehound]

some people are actually complaining about lower tax rates......think about that for a second

If these end up being deficit funded tax breaks I'll complain about them too. Right now I'm on the fence.

I know that fiscal conservatism is essentially dead, but I'm in the camp that doesn't want to see any significant increase in the budget deficit or national debt, whether spending-driven or tax-cut driven. I'm not sure either party gives a shit about that anymore though. I guess if you are only worried about getting elected pitching (a) profligate spending on entitlements or (b) tax cuts that we can't pay for are far more popular than proposing we reign in spending and get our financial house in order.

[JTG]

I don’t know too much about how this calculator works. But its fun to play around with: http://taxplancalculator.com/

Well according to that calculator I'll save $1500. Which I will spend, donate some to charity, and save. Chances are my 401k will grow from dividends. So I'm good. Everyone with any kind of decent job, or retiree who has a retirement account, will benefit. Good luck to Dems trying to get elected in 2018, after universally opposing this tax cut.