3 ms·

$1,000 bonus for 250k employees is $250,000,000 first of all... Secondly, they announced a $1B increase in capital expenditures for next year so that's $1.25B.

$1,000 bonus for 250k employees is $250,000,000 first of all... Secondly, they announced a $1B increase in capital expenditures for next year so that's $1.25B. That's now 54.3% which is a great "trickle down" effect. Oh and just FYI, the average American family, married couple with 2 kids making the median American income of $60k after this tax bill will now pay $0 in taxes. Instead they will receive $70 refund. Before they'd be paying $1700 a year. So anyone that fits that demographic making less than $60k a year will get a tax refund instead of paying any federal income tax. The Bush cuts were garbage, this is a middle class tax cut.

dragonwriter 9y ago
It's a great trickle down effect, if you assume that they are honest about the net change from what they would have done otherwise, not concealing other changes, and assume it will be repeated forever as long as the cuts are in place. I suspect that each and every one of those assumptions is false, though.
- propman 9y ago
  Yes they've never given an equal bonus to every employee before and this was due to the tax cut. The capital expenditure certainly is because it makes it much more favorable to invest in capital with the complete write off. My dentist is buying some new fancy $200k machine apparently next year if the bill becomes law, so anecdotal, tiny sample size but that's something at least. That said, I mean this is certainly a goodwill approach for the merger not to get shot down by the Trump Admin. 250M gift to employees and praising the man who needs to be constantly validated is a small price to get the merger rolling. I sense some downwards pressure from the president to allow it. I can pretty certainly say that's a major reason why this huge PR ploy is there, but the tax cuts certainly make it plausible. Nonetheless, capital expenditure is great. $1000 is great for the 250k and for the economy. Better than increasing dividends though by my guess most of the money saved will go into buybacks and dividends. Not the 92+% from the bush repatriation (complete morons who wrote that), but a big chunk. That's not necessarily bad, should help stabilize the market and boost many portfolios, but more M&A isn't necessarily good for the consumer. I'll wait and see how it plays out, but I'm very optimistic this will be great for the economy and the American people especially long term. The global min tax negates all tax havens like Bermuda, PR, Ireland, and no more trillions stored offshore. That part of the law makes up for the bad aspects in my opinion. Long term, that's extremely important for America. Crazy thing to me is how cheap the middle class tax cuts are. Something like 30B a year. I feel like further investing in programs for such a small amount could really help the middle class who were hurt by globalism get the improvements many lost. Renewable energy jobs in the rust belt in 10 years time should make up a sizeable portion of what was lost since it's basically the wind energy capital of the world. A few billion in transmission lines and have it be the energy breadbasket area with solid paying middle class engineering jobs while increasing energy independence. Too bad we have a president who doesn't believe in climate change and High ranking democrats who'd rather create programs to benifit themselves. Nonetheless, good men from both parties are trying to get some stuff done.

dragonwriter 9y ago

It's a great trickle down effect, if you assume that they are honest about the net change from what they would have done otherwise, not concealing other changes, and assume it will be repeated forever as long as the cuts are in place. I suspect that each and every one of those assumptions is false, though.

propman 9y ago
Yes they've never given an equal bonus to every employee before and this was due to the tax cut. The capital expenditure certainly is because it makes it much more favorable to invest in capital with the complete write off. My dentist is buying some new fancy $200k machine apparently next year if the bill becomes law, so anecdotal, tiny sample size but that's something at least. That said, I mean this is certainly a goodwill approach for the merger not to get shot down by the Trump Admin. 250M gift to employees and praising the man who needs to be constantly validated is a small price to get the merger rolling. I sense some downwards pressure from the president to allow it. I can pretty certainly say that's a major reason why this huge PR ploy is there, but the tax cuts certainly make it plausible. Nonetheless, capital expenditure is great. $1000 is great for the 250k and for the economy. Better than increasing dividends though by my guess most of the money saved will go into buybacks and dividends. Not the 92+% from the bush repatriation (complete morons who wrote that), but a big chunk. That's not necessarily bad, should help stabilize the market and boost many portfolios, but more M&A isn't necessarily good for the consumer. I'll wait and see how it plays out, but I'm very optimistic this will be great for the economy and the American people especially long term. The global min tax negates all tax havens like Bermuda, PR, Ireland, and no more trillions stored offshore. That part of the law makes up for the bad aspects in my opinion. Long term, that's extremely important for America. Crazy thing to me is how cheap the middle class tax cuts are. Something like 30B a year. I feel like further investing in programs for such a small amount could really help the middle class who were hurt by globalism get the improvements many lost. Renewable energy jobs in the rust belt in 10 years time should make up a sizeable portion of what was lost since it's basically the wind energy capital of the world. A few billion in transmission lines and have it be the energy breadbasket area with solid paying middle class engineering jobs while increasing energy independence. Too bad we have a president who doesn't believe in climate change and High ranking democrats who'd rather create programs to benifit themselves. Nonetheless, good men from both parties are trying to get some stuff done.