Remember how Trump tax cuts were going to lead to pay increases? - Page 10

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    Default Remember how Trump tax cuts were going to lead to pay increases?

    We had a thread on it not long ago:

    http://forums.hannity.com/showthread...-many-liberals

    Well, let's look at where we're at now.

    AT&T, despite saying it will give bonuses, is also cutting thousands of jobs and is increasing prices soon:

    AT&T is eliminating thousands of jobs across the U.S., including 30 in Central Indiana, according to Communications Workers of America, the union that represents AT&T employees. The company is cutting nearly 12 percent of its technicians who install U-verse and DirectTV in the Indianapolis area, according to union figures.
    https://www.indystar.com/story/money...led/992690001/

    AT&T/DirecTV: Prices are going up by $8 across the board in January
    http://bgr.com/2018/01/05/cord-cutti...prices-rising/

    Comcast, who lobbied hard for the cuts, has fired 500 (and tried to hide it) and is increasing prices:

    Comcast reportedly fired about 500 salespeople shortly before Christmas, despite claiming that the company would create thousands of new jobs in exchange for a big tax cut.

    Comcast apparently tried to keep the firings secret while it lobbied for the tax cut that was eventually passed into law by the Republican-controlled Congress and signed by President Trump in late December. The Philadelphia Inquirer revealed the Comcast firings this week in an article based on information from an anonymous former employee, Comcast documents, and other sources in the company.

    The former employee who talked to the Inquirer "could not be identified because of a nondisclosure agreement as part of a severance package," the article said. The Inquirer headline notes that Comcast was able to implement the firings "quietly," avoiding any press coverage until this week.
    https://arstechnica.com/tech-policy/...sands-of-jobs/

    Comcast: Pay TV prices will increase by 2.2% on average beginning this month
    I've had a bunch of family and friends with Comcast already saying the're prices have been jacked up.

    Remember the promised Wells Fargo promising to boost its min wage?

    Well, that only accounts for 5% of the savings they will receive from the Trump tax cuts:

    The wage hike and additional charitable giving will cost Wells Fargo about $215 million in 2018, according to investment bank KBW. That represents just 5% of Wells Fargo's total estimated earnings benefit from the tax overhaul, KBW estimates.
    http://money.cnn.com/2018/01/02/inve...ump/index.html

    Big telecomms are increasing prices, which will offset the wage hikes/jobs they create, and the big banks are placating us by offering a pittance while doing lord knows what with the rest.

    Just like the Carrier and Ford "victories," that turned out to be hollow, there are already signs that the Trump tax plan may not go the way a lot of people on the right thought they would, and it hasn't even been signed into law yet.

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  3. #136
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    Quote Originally Posted by enki View Post
    nothing could stop that.
    Some on the left are getting desperate to downplay the very positive effects this bill has had already.
    Trump 2013: Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

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    Quote Originally Posted by jwil59 View Post
    Ok I thought Bernie and Cruz were working together on it. No way democrats could oppose that IMO.

    Well you wouldn't think so, but after their extreme hyberbole saying it was the worst bill in history and that Armageddon would follow, it's going to be hard for them to walk that back now. Bernie had said it would be a "disaster" for working families. Not so Bernie.

    And for once I can say "so much winning" and it's not sarcasm.

    Restaurant companies are joining the corporate chorus rushing to praise the tax bill Congress passed last month as Orlando-based Darden Restaurants said the legislation will save it about $70 million.

    Olive Garden and LongHorn Steakhouse parent company Darden Restaurants said the new tax reform plan will cut taxes by about $70 million in the third quarter. The Orlando-based restaurant chain said Monday the tax cut will prompt it to spend an additional $20 million on its 175,000-plus employees this year, but did not give specifics.

    Darden (NYSE: DRI) said its effective tax rate will drop from 25 percent to 18 percent going forward. "One of the best investments we can make is in our people,"said a statement from CEO Gene Lee. "During the remainder of fiscal 2018, we will invest approximately $20 million in initiatives directly benefiting our workforce.
    http://www.orlandosentinel.com/busin...108-story.html
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    Quote Originally Posted by itsjoanne View Post
    Well you wouldn't think so, but after their extreme hyberbole saying it was the worst bill in history and that Armageddon would follow, it's going to be hard for them to walk that back now. Bernie had said it would be a "disaster" for working families. Not so Bernie.

    And for once I can say "so much winning" and it's not sarcasm.

    Restaurant companies are joining the corporate chorus rushing to praise the tax bill Congress passed last month as Orlando-based Darden Restaurants said the legislation will save it about $70 million.

    Olive Garden and LongHorn Steakhouse parent company Darden Restaurants said the new tax reform plan will cut taxes by about $70 million in the third quarter. The Orlando-based restaurant chain said Monday the tax cut will prompt it to spend an additional $20 million on its 175,000-plus employees this year, but did not give specifics.

    Darden (NYSE: DRI) said its effective tax rate will drop from 25 percent to 18 percent going forward. "One of the best investments we can make is in our people,"said a statement from CEO Gene Lee. "During the remainder of fiscal 2018, we will invest approximately $20 million in initiatives directly benefiting our workforce.
    http://www.orlandosentinel.com/busin...108-story.html
    All good news IMO Jo............................

    The bill has been passed and signed into law. i think the democrats should at least act like they want to see a middle class tax cut and back making the policy permanent. Opposing this is a loser in the mid term election for the dems if they do not vote to make that tax cut permanent. IMO only of course.
    “Wrinkles will only go where the smiles have been. ”
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  10. #139
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    Quote Originally Posted by jwil59 View Post
    All good news IMO Jo............................

    The bill has been passed and signed into law. i think the democrats should at least act like they want to see a middle class tax cut and back making the policy permanent. Opposing this is a loser in the mid term election for the dems if they do not vote to make that tax cut permanent. IMO only of course.

    Agreed. Can't imagine how they would justify voting against Cruz's bill. Needless to say it would be used against them bigly in the next election.
    Trump 2013: Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

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    Here's todays tax scam update.

    BREAKING: Fiat Chrysler to invest $1B+ to modernize a Michigan plant, in addition to previous $1B investment in the plant; will add 2500 new jobs, and will give $2,000 bonuses to 60,000 of its hourly and salaried employees in the US because of tax reform.

    http://cnbc.com/id/104937963

    https://twitter.com/CNBCnow/status/951589006558531585
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    Quote Originally Posted by party-free View Post
    We had a thread on it not long ago:

    http://forums.hannity.com/showthread...-many-liberals

    Well, let's look at where we're at now.

    AT&T, despite saying it will give bonuses, is also cutting thousands of jobs and is increasing prices soon:



    https://www.indystar.com/story/money...led/992690001/



    http://bgr.com/2018/01/05/cord-cutti...prices-rising/

    Comcast, who lobbied hard for the cuts, has fired 500 (and tried to hide it) and is increasing prices:



    https://arstechnica.com/tech-policy/...sands-of-jobs/



    I've had a bunch of family and friends with Comcast already saying the're prices have been jacked up.

    Remember the promised Wells Fargo promising to boost its min wage?

    Well, that only accounts for 5% of the savings they will receive from the Trump tax cuts:



    http://money.cnn.com/2018/01/02/inve...ump/index.html

    Big telecomms are increasing prices, which will offset the wage hikes/jobs they create, and the big banks are placating us by offering a pittance while doing lord knows what with the rest.

    Just like the Carrier and Ford "victories," that turned out to be hollow, there are already signs that the Trump tax plan may not go the way a lot of people on the right thought they would, and it hasn't even been signed into law yet.
    Trump signed the new tax bill into law a few days before Christmas (https://www.washingtontimes.com/news...-tax-cuts-law/).
    The IRS just released the 2018 tax tables today that take effect in February 2018 (http://www.thinkadvisor.com/2018/01/...ables-for-2018)
    To me, you sound like one of those fornicating idiots that would complain that Trump was holding the pistol in the wrong hand, pointing it at the wrong angle and using too small of a caliber when he shot himself in the head if he were to commit suicide on national TV.

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  16. #142
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    Quote Originally Posted by jwil59 View Post
    All good news IMO Jo............................

    The bill has been passed and signed into law. i think the democrats should at least act like they want to see a middle class tax cut and back making the policy permanent. Opposing this is a loser in the mid term election for the dems if they do not vote to make that tax cut permanent. IMO only of course.
    Is it possible that their re-elections will go the same way the coronation of Queen Hillary went?

    One can only hope.

    Of course if the incumbent Republicans want to retain there seats they better get off of their dead lazy asses and do the things that they promised in the last three election cycles to get elected. So far, I see absolutely no reason to vote for any incumbent and retain them in office. I would love to see a whole bunch of first time, non R or D senators and congress critters.

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  18. #143
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    Quote Originally Posted by Panhead0422 View Post
    Trump signed the new tax bill into law a few days before Christmas (https://www.washingtontimes.com/news...-tax-cuts-law/).
    The IRS just released the 2018 tax tables today that take effect in February 2018 (http://www.thinkadvisor.com/2018/01/...ables-for-2018)
    To me, you sound like one of those fornicating idiots that would complain that Trump was holding the pistol in the wrong hand, pointing it at the wrong angle and using too small of a caliber when he shot himself in the head if he were to commit suicide on national TV.
    WHile the following meme has been very relevant towards Trump sycophants lately, it's especially true towards your post:

    soul.jpg

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  20. #144
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    Quote Originally Posted by Panhead0422 View Post
    Is it possible that their re-elections will go the same way the coronation of Queen Hillary went?

    One can only hope.

    Of course if the incumbent Republicans want to retain there seats they better get off of their dead lazy asses and do the things that they promised in the last three election cycles to get elected. So far, I see absolutely no reason to vote for any incumbent and retain them in office. I would love to see a whole bunch of first time, non R or D senators and congress critters.

    I agree 100%. In my view we need more open minds and fresh ideas. The hacks control things now, and it is plain to see they won't get anything done. If they do the next hack from the other party get elected and undoes everything. A total waste of time and money if you ask me.

    “Wrinkles will only go where the smiles have been. ”
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  22. #145
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    Here is another tax scam update.

    Waste Management said Wednesday that it will give $2,000 in special bonuses to about 34,000 employees.
    The company said the cash bonuses will be given to its North American employees who are not on a bonus or sales incentive plan, including hourly and other employees.

    https://www.cnbc.com/2018/01/10/wast...-tax-bill.html

    Trump 2013: Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

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  24. #146

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    Quote Originally Posted by Honest Abe View Post
    you cite an article detailing how a public service commission (a government entity that regulates utility rates), prodded by the state attorney general, is considering making utilities lower their rates because they know the new tax law will make them more profits? That's your proof of some newfound trickle down, "share the windfall" attitude of for-profit corporations? What laughable garbage. The utilities have to be forced into lowering rates by the government. Corporations don't voluntarily lower prices unless it somehow hikes their profits. They can't. They are bound by their charters and by-laws to maximize profits, not give them away.

    Trump adorers - so gullible.
    You do understand the commission regulates it up or down based on the companies margin correct? So the margin gets better with the tax cuts and the commission lowers rates. Directly do to the tax cuts. Oh wait I am talking to a liberal. Never mind

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  26. #147

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    Quote Originally Posted by itsjoanne View Post
    Here is another tax scam update.

    Waste Management said Wednesday that it will give $2,000 in special bonuses to about 34,000 employees.
    The company said the cash bonuses will be given to its North American employees who are not on a bonus or sales incentive plan, including hourly and other employees.

    https://www.cnbc.com/2018/01/10/wast...-tax-bill.html

    It doesn6matter to them. They will probably find a guy who was fired in 1980 and ask why Trump didn't save his job.

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    Quote Originally Posted by stodr View Post
    It doesn6matter to them. They will probably find a guy who was fired in 1980 and ask why Trump didn't save his job.
    Pelosi, who is worth millions, says the bonuses and wage increases are "crumbs". Very out of touch with middle America, to say the least.
    Trump 2013: Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

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  30. #149

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    Quote Originally Posted by itsjoanne View Post
    Pelosi, who is worth millions, says the bonuses and wage increases are "crumbs". Very out of touch with middle America, to say the least.
    Nancy's son was hobnobbing and sharing cavair I mean crumbs with Ivanka Trump at Mar-a-Lago on New Years Eve.

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  32. #150
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    Quote Originally Posted by party-free View Post
    We had a thread on it not long ago:

    http://forums.hannity.com/showthread...-many-liberals

    Well, let's look at where we're at now.

    AT&T, despite saying it will give bonuses, is also cutting thousands of jobs and is increasing prices soon:



    https://www.indystar.com/story/money...led/992690001/



    http://bgr.com/2018/01/05/cord-cutti...prices-rising/

    Comcast, who lobbied hard for the cuts, has fired 500 (and tried to hide it) and is increasing prices:



    https://arstechnica.com/tech-policy/...sands-of-jobs/



    I've had a bunch of family and friends with Comcast already saying the're prices have been jacked up.

    Remember the promised Wells Fargo promising to boost its min wage?

    Well, that only accounts for 5% of the savings they will receive from the Trump tax cuts:



    http://money.cnn.com/2018/01/02/inve...ump/index.html

    Big telecomms are increasing prices, which will offset the wage hikes/jobs they create, and the big banks are placating us by offering a pittance while doing lord knows what with the rest.

    Just like the Carrier and Ford "victories," that turned out to be hollow, there are already signs that the Trump tax plan may not go the way a lot of people on the right thought they would, and it hasn't even been signed into law yet.
    The TV industry is undergoing a HUGE shift with internet content commanding the market.

    Nothing to do with tax cuts. Verizon wisely positioned itself to offer both.

    Traditional pay-TV operators are bleeding subscribers — and that’s not likely going to improve, as major U.S. cable and satellite providers are ringing in 2018 with price increases.

    Comcast, AT&T’s DirecTV, Dish Network, and Charter Communications are among the operators that have notified customers about rate hikes set to go into effect in January for most TV packages. As usual, the providers have cited higher programming costs for jacking up their fees.

    Comcast is hiking monthly rates for most bundles about $5. The X1 Starter Triple Play package will increase from $150 to $155 per month (3.3%), while the Premier Triple Play is going from $210 to $215 monthly (2.4%).

    Dish is raising rates as of Jan. 16, 2018, with most programming packages set to increase by $3 per month in addition to a $2 monthly increase for local channels. The price of Dish’s “Smart Pack” will rise 7%, to $44.99 per month; America’s Top 200 will increase 6%, to $89.99; and America’s Everything Pack is increasing 3.4%, to $149.99. The company has detailed 2018 pricing in an update on its website; customers with promotional pricing won’t see their rates change until those offers expire.

    http://variety.com/2017/biz/news/com...18-1202647927/
    Victory is not won in miles but in inches.
    Win a little now, hold your ground, and later win a little more. Louis L'Amour.

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