Re: thanks for the tax cuts! corporations are investing in themselvesFrom: firstname.lastname@example.org
May 03 2018 00:14:31
On Tue, 1 May 2018 13:52:49 -0400, RS Wood <email@example.com>
"The whole theory was to lavish corporations and the already wealthy
with tax cuts, and maybe the benefits will trickle down to everyone
Corporations have a duty to their shareholders, not taxpayers; when
corporations have nothing to spend it on, they buyback stocks. Most
will not ramp up capital expenditures for projects...steady as she
"Republicans face brutal electoral conditions in 2018 and a new foe:
Over the past 48 hours, key figures in the party have uttered
head-scratching statements about the tax-cuts bill that will be
millstones for those Republicans fighting for their political lives in
the midterm elections."
On another note,
"President Trumps former Health and Human Services Secretary Tom
Price, forced to resign last year after racking up $400,000 in travel
bills, said that repealing ObamaCares individual mandate--an act the
GOP achieved in its December tax bill---drives up the cost for others
in the market."
"We couldnt have said it better ourselves." - Matt House, spokesman
for Senate Minority Leader Charles Schumer (D-N.Y.).