This is wingnut corporate welfare. No question about it. It doesn’t even benefit most small businesses in this country.
The analysis by Kevin Hassett, chairman of the White House Council of Economic Advisers, said that the considerably lower rate would spur more investment by companies, which would then boost hiring and worker productivity.
The stale analysis by this asshole in the WH is shilling the same old tired arguments of TRICKLE DOWN ECONOMICS, which have proven time and again to be complete bullshit. Is there any old disproven idea that these morons won’t pull out of their asses to sell to the American people just so they can give huge corporate tax breaks to their donors? It’s the only policy they’ve ever valued. This is just plain irresponsible. And one more plan that will weaken the health of the US economy…for no good reason other than to feed the 1%, including Rump himself.
It really is a shame when the GOP thinks they have to pass anything to prove they are capable of doing something, even if they already know it won’t work as intended, and will likely harm people. That’s how desperate they are for a win, of any kind. To what end though?
No tax plan should pass any house of Congress until we see that Orange Fucker’s taxes. Bottom line on all this.
Since $40 a year was obviously not going to cut it with voters, Trump said let’s just add a few more zeros to the estimate… as any Con Man would. The Top 1% feels that the middle class is so easily manipulated since Trump used the Russians to get elected.
Since when has anybody gotten a $4,000 raise without a promotion from their employer? It’s just not going to happen for American workers. We all are already going to have to go out on the open marketplace to find health insurance now that Trump has made it possible for small employers not to provide this benefit any longer with his executive order.
That $4000 raise and promotion would have been nice, but realistically who believes a thing Trump says? Really? This is the figure to keep in mind when you get screwed that much in healthcare costs over the coming year.
20% is about what they pay now on average, except of course for the many who pay 0% or even get a refund. Since Republicans are always bloviating about a flat income tax, let’s make the Corporate Tax flat instead. Every corporation pays 20% with 0 deductions.
Sure, and I have a bridge in Brooklyn that’s really cheap. The man will say anything and the deplorables will lap it up along with all the rest of the Liar in Chief’s garbage.
The administration removed the 2012 analysis from the Treasury Department’s website after releasing its tax framework last month
Good to see that Winston Smith is still employed, although now apparently at Treasury rather than Truth.
This is Krugman’s response to tRump’s bullshit as it pertains to taxes, in which he exposes the lies, lies, lies that tRump and his administration are trying to sell the public…
Don’t say you weren’t warned. The man knows of what he speaks.
And a chicken in every pot yadda yadda yadda…Republican prosperity at it’s finest. Sad that the party that prevented the CSA from breaking the US apart is such a piece of shit now.
Krugman’s take. I like the title!
The “zombie lie” that just won’t die. “A rising tide lifts all boats”; “pay no attention to the man behind the curtain”; “trust me.” Where exactly is this magical money supposed to come from? Oh, yes, the munificence of corporate America. Pull the other one, it has bells on it.
…and the Republican sabotage of the Affordable Health Care Act will cost me (and my employees) far more than $4,000 / year, every year in higher premiums and higher out-of-pocket costs. For the less fortunate it will mean medical bankruptcy.
It’s an AP story, so they can’t just say “White House falsely claims that…”
This is this month’s BIG LIE.
They will repeat it ad-nauseum until the ignorant and frightened “base” and the cynical and greedy MSM both accept it as FACT.
But it’ll work THIS time.
This was previously known as “trickle-down economics” , but in keeping with Trump’s Russian hotel proclivities it is now “tinkle-down economics”
Corporations and businesses in general are going to get a windfall tax cut, then out of the goodness in their heart they are going to pass along to their little guy employees an on average $4,000 a year raise in pay. Right, sure buddy ole pal … bbbbut that’s not how capitalism works.
Supply side trickle down economics is the biggest scam in history. This can only be pulled on a stupid People.
At this stage in the game, shouldn’t someone spouting this kind of nonsense be fired for reasons of incompetence? Like, maybe when a century has passed, you can be dumb enough to think that trickle down is new and/or reasonable. But we literally just went through this. One could say we’re still going through the caustic aftershocks of it.
If it’s not someone who is bad on the basic maths, then it’s plain malfeasance and inimical subterfuge.
Thank you. I immediately thought of the Reagan tax plan and how well it worked for the 99%.
Those figures, however, rely on research arguing that workers — rather than investors — would primarily benefit from the lower corporate rates.
has officially been renamed “Golden Shower Economics”.
Wow! $4,000 and in return I get lousy healthcare, dirty water, smoke-fouled air, more prisons and more continuous wars in foreign countries. Such a DEAL!