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Thread: Trumps tax cut will not help main street

  1. #31

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    Bank of America makes record profit after tax cuts


    The quarter is also the first to show how the bank is benefiting from federal tax legislation passed in December that slashes the rate corporations pay on their profits. The bank reported paying $1.47 billion in income taxes, down more than 25 percent from the same quarter last year.


    https://www.pressherald.com/2018/04/...fter-tax-cuts/

  2. #32

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    Quote Originally Posted by Silver and Gold View Post
    Tax cut riches have gone to execs and investors over workers by nearly 3-to-1 margin


    Companies dedicated $305 billion to share buybacks and cash mergers compared with $131 billion in wage growth in the first quarter, according to TrimTabs.
    The allocation tilts decidedly in the favor of executives and shareholders versus workers.


    https://www.cnbc.com/2018/04/17/tax-...-trimtabs.html


    Some of the big corps threw main street a bone with bonuses. Have to keep the dog happy or it will turn on you

  3. #33

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    Trump is doing wonders for the 1% ers and to think he was going to drain the swamp......



    Morgan Stanley shares surge after reporting record profit and revenue for the first-quarter


    "We delivered very strong results this quarter, with record revenues and net income
    - and an ROE above our target range. Each of our businesses performed well, with significant client engagement across our global franchise, and Sales and Trading a particular highlight in a more active environment," chief executive officer James Gorman said in the release.



    https://www.cnbc.com/2018/04/18/morg...s-q1-2018.html

  4. #34

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    Goldman Sachs CEO Lloyd Blankfein: Economy looks 'awfully good' and should keep growing

    https://www.cnbc.com/2018/04/18/gold...ucceed-me.html



    Who's ass is he blowing smoke up ???????

    US debt load ballooning, set to outpace some African countries in 5yrs – IMF
    https://www.rt.com/business/424543-us-debt-load-imf/

    U.S. Debt Load Seen Worse Than Italy's by 2023, IMF Predicts
    https://www.bloomberg.com/news/artic...3-imf-predicts

    States Are Running Out of Money to Pay Their Public Employee Pensions
    http://time.com/money/5237776/pensio...ng-record-low/



    Chapter 11 bankruptcies are up 63% from a year ago
    http://www.businessinsider.com/chapt...ear-ago-2018-4

  5. #35

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    American Debt: Auto Loan Balances Total $1.22 Trillion in 4Q 2017
    https://www.investopedia.com/persona...uto-loan-debt/



    Americas growing student-loan-debt crisis
    https://www.marketwatch.com/story/am...sis-2016-01-15

  6. #36

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    We know the consumer has been hurting for some time know.......They must be kidding with the statement below..... Many have seen their health care cost rise, Fuel costs rise and other costs of living rise. Wiping out any cut they got plus more .......Again as usual the big corps ( 1%) benefited from the tax cuts not main street.



    Weak consumer spending is seen restraining US growth in the first quarter

    Economists expect growth will accelerate in the second quarter as households start to feel the impact of the Trump administration's $1.5 trillion income tax package on their paychecks. Lower corporate and individual tax rates, as well as increased government spending, will likely lift annual economic growth to the administration's 3 percent target, despite the weak start to the year.

    https://www.cnbc.com/2018/04/27/weak...t-quarter.html

  7. #37

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    Quote Originally Posted by Silver and Gold View Post
    This is what I mean...LOL



    Paul Ryan Deletes Tweet Lauding a $1.50 Benefit From the New Tax Law


    A secretary at a public high school in Lancaster, Pennsylvania, said she was pleasantly surprised her pay went up $1.50 a week ... she said [that] will more than cover her Costco membership for the year, Mr. Ryan posted on Twitter, sharing an Associated Press report about paycheck increases under the $1.5 trillion tax overhaul.



    https://www.nytimes.com/2018/02/03/u...yan-tweet.html



    Hey Paul , I sure hope costco doesn't do the same...The poor womens tax cut would be cut in half then what would she do to pay for her rising health care , fuel cost, food, Electric and other living expenses ??????????????? ??????????????


    Too funny

    House Speaker Paul Ryan won't seek re-election.........

    https://www.cnn.com/2018/04/11/polit...ker/index.html

  8. #38

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    See post above




    Amazon is straying from Jeff Bezos' vow to 'charge less'

    Amazon is increasing its Prime subscription to $119 a year, an additional $2 billion in revenue.
    But there's no indication that Prime services are getting better.


    On Thursday, Amazon announced it would be raising the price for its Prime subscription to $119 from $99 for customers renewing after June 16. The additional $20 a year would account for an extra $2 billion in revenue for the company, given the 100 million Prime subscribers it recently announced.


    https://www.cnbc.com/2018/04/26/amaz...s-promise.html
    Last edited by Silver and Gold; 04-27-2018 at 06:19 AM.

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