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Do you think that the Trump Tax plan will help the middle class?

Yes
No
I have no idea



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1-7 of 7

1. Scott Collins
     (11/21/2017 6:03:22 AM)
     Message ID #294028

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Corporate tax cuts will ignite the economy. A strong, growing economy will help all classes:lower, middle, and upper.

But that does not fit the progressive's agenda in which they want as many as possible to rely on the nanny state.

2. Michael O'Neill
     (11/26/2017 9:49:17 PM)
     Message ID #294029

This message is in response to Scott Collins ( message id #294028 )  Back To All Messages

Rhetoric. If true the Clinton tax increases in the 90s would have killed the economy, yet 22 million jobs were created. 6 million more than the Gipper' s trickle-down, 21 million more than Bush's trickle-down. Corporations and the wealthy already have a glut of cash. Why would more alter their thinking? The Koch Brothers, worth 35 billion dollars, need more money to create jobs? I would raise taxes and invest in infrastructure and education. Those are statistically proven strategies, not the appropriately named Voodoo economics.

3. D Robb
     (11/21/2017 7:48:14 AM)
     Message ID #294047

This message is in response to Michael O'Neill ( message id #294029 )  Back To All Messages

Agree. If the objective is to help the middle class and create jobs for trump's unemployed then this tax reform package is not the solution. trump's populist, America first voters thought they were voting for something new, but that is not what they are getting. PT Barnum said it best.

4. Steven Forest
     (11/21/2017 6:49:00 AM)
     Message ID #294032

This message is in response to Scott Collins ( message id #294028 )  Back To All Messages

Bull hockey. Corporations and any company exist for the sole purpose of enriching their shareholders.

Companies are not in business to create jobs. If anything, a cut in corporate taxes will go into the dividends paid to investors and bonuses to management.

Trickle down, nope. Investing in off-shore or exporting of jobs is the name of the game. With AI and robotics now in full play any monies put back into 'the' company will not produce many if any sustainable jobs.

That's a fact, Jack.

5. Patricia Pomerleau CEOExpressSelect Member
     Forum Moderator
     (11/21/2017 11:50:54 AM)
     Message ID #294036

This message is in response to Steven Forest ( message id #294032 )  Back To All Messages

" Bull hockey. Corporations and any company exist for the sole purpose of enriching their shareholders. "

Steven, thanks for the clear and unambiguous statement : )


Public companies first responsibility is to shareholders. Period. If adding new employees improves the bottom line and shareholder stock value, then that happens. If adding robots and technology improves the bottom line--bye bye workers. STOCK PRICE rules.

Everyone needs to be clear where primary concerns lie in public companies--mostly in the paychecks of the senior executives. I was there. It's not a myth.

WSJ Video: I suggest everyone watch this 20 second video and watch the CEO's when asked if they would make capital investments with corporate tax reform.



HOWEVER, we need tax reform and there is massive government waste in certain programs.

I would not want to be responsible for making these tax decisions--the ripples are too unknown.

I wish the congress luck.

6. Thomas C CEOExpressSelect Member
     (11/21/2017 10:40:33 AM)
     Message ID #294050

This message is in response to Steven Forest ( message id #294032 )  Back To All Messages

Someone postpones consumption, invests his savings to produce a good or service, delights customers, generates profits, and then consumes and invests what’s left in further production. These profits are pure, generated from price signals between buyers and sellers, without favoritism from experts or elites. It isn’t hard to grasp.

Profit is the ultimate measure of value to consumers—and therefore to society. Consumers benefit from buying stuff, or else they would make it all themselves, and producers benefit from selling, or else business wouldn’t be worth the effort. Of similar value, profits go both ways.

The price of savings is the tax rate

7. Franke Price
     (11/21/2017 8:54:50 AM)
     Message ID #294264

This message is in response to Scott Collins ( message id #294028 )  Back To All Messages

Republican no doubt and obviously in the tax bracket that will benefit the most from a tax cut.

A middle class tax cut "could/should" increase consumer spending, which let's face it is the predominant % of the US GNP.

Your opinion lacks any consideration/understanding of how things are interconnected.

Until you become an economist your comment is forgettable.

https://www.usatoday.com/story/money/2017/11/02/how-gop-tax-plan-would-affect-economy/825445001/

BTW, my income is in the top 1%.
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