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Nope. The CBO already has decades of stats on how much tax cuts stimulate the economy, and it's always fractions of a dollar in stimulus per dollar spent. Corporate tax cuts are actually statistically weaker for the economy than tax cuts for wealthy individuals. Get ready for loads of stock buybacks, skyrocketing upper level management compensation, and record setting profits (i.e., money that doesn't actually get circulated, i.e., money that won't stimulate anything).
Maybe. Probably. Most likely? But out of everything they've done, this one has the most chance at not backfiring. Doesn't mean it's a high chance. I'd say 30/70 at best. Better if lots of companies hop on board and bring more jobs back home. The key is they need to be decent paying jobs. Maybe it will all fall apart in a few years, we'll see. I hope not, because we're screwed if it does. But like I said in the part of my quote you chose to cut out, I'm worried this will only end up benefiting the wealthy while leaving everyone else behind.
 
What's sad is that you blindly follow people who care only about lining their own pockets at your expense, probably because they happen to also pass laws that serve to further racist, hateful, and discriminatory agendas that you support.
Some Republicans are probably racist, and I'll bet Trump is casually racist on the inside, but I find it worse that some Democrats actively and openly support racist "Affirmative Action" laws. Everyone should just do what Morgan Freeman suggests.
[doublepost=1516221348][/doublepost]I agree with reforming taxes to better suit multinational corporations so that they don't end up in situations like Apple's where they get double-taxed for income. It's only fair to them. But I don't like the precedent Trump sets with things like tax holidays for big corps and unsustainable low tax plans that everyone knows will be reversed later. Those end up being unfair to small businesses and American taxpayers. Big corps end up hoarding nontaxable investments and overseas cash in anticipation of the next holiday (like savvy shoppers in those department stores that periodically have crazy sales), while smaller entities don't have such a choice.

Lower taxes across the board in line with reducing spending, keep things simple, and good things will come. All we're doing right now is digging ourselves deeper into the debt grave and making everyone inflation-happy.
 
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No, it will only increase taxes for middle-class and lower-income families, increase pollution through deregulation and take away health care from tens of millions of people while raising costs for millions more.


That could be with millions of Americans receiving bonuses and wage increases since the tax bill was passed. I mean the more you make the more you pay. That is the system. BTW it did not take away health care from anyone -- it allows people to not have to buy it or be penalized. Big difference. Frankly I wish they gutted the entire health care bill and started from scratch. My premium (middle age, perfect health, don't smoke, 8 hours of exercise/week) went from $400 to $1100/mo this year under O'Care. Before O'Care I was paying $250/mo. O'Care is a colossal failure just like it was designed to be. If you want to talk about breaking the backs of the middle class stop there.
 
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Let me clear some things up for you that you may or may not understand.

The DJIA isn't an indicator of the overall economy.
over 50% of Americans have ZERO money invested in the stock market (mutual funds, 401K, etc)

So yes.... like you, I'm happy my 401K is doing well. Hopefully it's not going to see a major correction any time soon. However, I don't look at my 401K and believe that since it is doing well, this country is doing well.
Just because Americans aren't invested in stocks doesn't mean they don't indicate overall economic success. Generally all boats get lifted as the market becomes stronger and those corps hire people, as long as it's not a bubble (which I fear it is). Edit: Also if the corps develop new and useful products that improve our lives, that counts.
 
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This would have happened 2 years ago, and has nothing to do with the tax bill.

Wasn't it a few years ago that Apple invested massive amounts of money in that failed sapphire plant in Arizona? They make a lot of investments, including in the US, such as the $5 billion HQ.

And the numbers they're talking about here are pretty small. Only 20,000 additional employees and $5 billion fund for the US? Their foreign manufacturers have 500,000 employees in a plant. It's sounds more like an expanded R&D center than a manufacturing center.

If you want to thank someone, thank Google, Microsoft, Amazon, and all other Apple's competitors for forcing Apple to invest in R&D to compete against them.
If it would have happened 2 years ago, why didn't it? Stay off CNN pal.
 
Obama never improved the economy. It's tough for some people to take that in.
Look at what he started with and what he ended with. I'm not going to attribute that all to him, but he's kept us out of wars enough that he must have had something to do with it. He had to make some gutsy economic decisions during the recession, and he was pretty business friendly in the grand scheme of things. Look at Hillary Clinton's or Bernie Sander's plan or most of Europe.

You know, we'd be doing so great if it weren't for the Iraq war and all the other nonsense the previous administrations got us into.
 
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Investment in people is the most important part, as emphasized by Tim Cook last month.

Apple CEO Tim Cook: This Is the Number 1 Reason We Make iPhones in China (It's Not What You Think)

"There's a confusion about China. The popular conception is that companies come to China because of low labor cost. I'm not sure what part of China they go to but the truth is China stopped being the low labor cost country many years ago. And that is not the reason to come to China from a supply point of view. The reason is because of the skill, and the quantity of skill in one location and the type of skill it is."

"China has moved into very advanced manufacturing, so you find in China the intersection of craftsman kind of skill, and sophisticated robotics and the computer science world. That intersection, which is very rare to find anywhere, that kind of skill, is very important to our business because of the precision and quality level that we like. The thing that most people focus on if they're a foreigner coming to China is the size of the market, and obviously it's the biggest market in the world in so many areas. But for us, the number one attraction is the quality of the people."

"The number one reason why we like to be in China is the people. China has extraordinary skills. And the part that's the most unknown is there's almost 2 million application developers in China that write apps for the iOS App Store. These are some of the most innovative mobile apps in the world, and the entrepreneurs that run them are some of the most inspiring and entrepreneurial in the world. Those are sold not only here but exported around the world."
Aren't they a communist government? They certainly seem to be making communism work for them.
 
Yes, the tax bill was a good thing for Apple, and other large corporations. No, it's not good for Americans as a whole. It's wonderful they're hiring 20,000 new people, but (a) hiring decisions are generally based on need rather than cash on hand, and (b) the tax gift to Apple just this year would be enough to pay all those people for decades and still have billions left over.

As a country, the tax bill generates $1.5 Trillion in debt over the next 10 years, or roughly $5,000 for every man, woman, and child. So unless your tax cut (if you even get one after the slashes to deductions) is >$5,000 for every member of your family over the next 10 years, you are losing. Personally, as someone who pays a lot of state/local/property taxes and donates a lot to charity, my taxes are actually going up, in addition to the $20,000 share in the national debt.

Oh, and crediting Trump for the stock market would be like crediting Nixon for the moon landing. It happened during his administration, but he had nothing to do with it. And taking the measurement back to election day is laughable, given that he wasn't even in office yet. Nope, stocks respond to fundamentals, and the fundamentals (earnings, mainly) have been very strong. Can't wait to see who Trump blames once the market corrects, as it always does. Guarantee at that point he'll have nothing to do with it.
 
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Could they outsource* some jobs to the UK? We could use an economic bump after Brexit ....

(*Preferably with Carillion).
 
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Look at what he started with and what he ended with. I'm not going to attribute that all to him, but he's kept us out of wars enough that he must have had something to do with it. And he was pretty business friendly in the grand scheme of things. Look at Hillary Clinton's or Bernie Sander's plan or most of Europe.
Obama started with an economy in full blown recession hurtling towards depression and the dow sat at 7k. Obama left it at 19k. He did just fine and Apple and the App economy was growing steadily. The problem for Apple is they can't keep growing at a pace they need without additional workers and they ran the numbers and the numbers showed America was the next best place to invest other than China. It's really that simple.
 
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Tax Havens have always been illegal (there are numerous methods Apple has used with some pretty funny names), but in America our politicians decided to bow to corporate power rather than actually hold it to account....across multiple administrations no less.
No laws were in place to prevent them. The system is stupid, slow, and out of date, and we (fortunately) don't go after people without good proof of wrongdoing. The laws just need to be rethought to deal with these loopholes.
 
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So Tim Cook wants to Make America Great (again)...Got it!!!!
 
You must be easily confused. No one predicted the tax bill would be hard on giant corporations like Apple. It’s literally a dream come true for most of them.

It’s the average person making 40k a year that is in big trouble in the long run.
That's strange, my paycheck is getting bigger. Hard to see how that hurts me.
 
This is good news, and I can see the connection to the tax bill that President Trump signed. In its entirely though I think the tax bill and deregulation in general will be regarded as an overall negative for the middle and working classes.

Once I see a wave of well paying jobs returning to places where the only option for people is to work in a coal mine or Walmart then will I change my mind on Trump's overall economic agenda.
He should be putting solar, wind, and nuclear power into those places where people used to work in coal mines. I'm probably a bit more in favor of Trump than you are, but it's really bothered me in particular how much he wants to invest in coal mining when there are obviously better alternatives that would also educate many Americans as they adapt to them. No matter what the job is*, people's brains turn to vegetables if they never learn something new. That and we're also slowly destroying our land.

* I'd also say this about all the B-rate software engineers in SF
 
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Thank you Mr. President Trump!
What is really sad is that the Left just can't bring themselves to concede any success, no matter how small, to the President.

And the tech press won't either, however when there's some sort of failure they're all over it.

Unbiased, fair, and balanced reporting is truly dead.
 
Just because Americans aren't invested in stocks doesn't mean they don't indicate overall economic success. Generally all boats get lifted as the market becomes stronger and those corps hire people, as long as it's not a bubble (which I fear it is).

Not accurate.
 
What is really sad is that the Left just can't bring themselves to concede any success, no matter how small, to the President.

And the tech press won't either, however when there's some sort of failure they're all over it.

Unbiased, fair, and balanced reporting is truly dead.
It was always dead. It just wasn't obvious until there was such a controversial president/candidate. But hey, it's also sad if you look at Republicans' stances before and after Trump got the nomination.
 
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