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| Cisco, Pfizer, Coca-Cola plan to turn over gains from proposed tax cuts to shareholders | |
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| Tweet Topic Started: Nov 30 2017, 10:02 AM (104 Views) | |
| thoughtless | Nov 30 2017, 10:02 AM Post #1 |
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A string of corporate giants have said that they would give back to shareholders any gains they make from corporate tax cuts proposed in the GOP's tax plan, Bloomberg News reported, undercutting Republican claims that the revenues will quickly trickle down to workers. The comments from company executives — including those at Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. — come after the White House released a paper last month arguing that a corporate tax cut would boost wages. The chief executive of Amgen Inc. said in an October call that the company is "actively returning capital in the form of growing dividend and buyback." "And I'd expect us to continue," Robert Bradway said in the call. These comments were echoed by executives including Coca-Cola CEO James Quincey, Pfizer Chief Financial Officer (CFO) Frank D’Amelio and Cisco CFO Kelly Kramer, according to Bloomberg. LINK |
| Without geometry, life is pointless. | |
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| Opinionated | Nov 30 2017, 10:38 AM Post #2 |
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Well, of course. This myth that corporations will use tax savings to expand operations is just that, a myth. There is no shortage of capital available here in the US. Interest rates have been low for some time. Any major business that had enough market growth to warrant expanding their operations, has done so. Any that haven't, haven't because their market growth doesn't warrant it. So basically with this tax "reform", we'll just be letting the government run up more debt so that we can hand more money back to the people who already have plenty of money. |
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| clone | Nov 30 2017, 12:15 PM Post #3 |
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Director @ Center for Advanced Memetic Warfare
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Cool, giving ill gotten gains back to those the gov't confiscated it from....
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| George Aligator | Nov 30 2017, 12:25 PM Post #4 |
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Not cool. If the gains are ill-gotten, the government is right to confiscate them. The implication that taxation is illegitimate is damaging to your reputation as mod-caliber material. I'm saddened to think that you are doing a Hillary on P.com, suffering from a brain injury that fatally damages your candidacy. Oh, well, it was fun while it lasted and you still have a limitless supply of those cute pictures to paste on your posts. Good luck! |
| Conservatism is a social disease | |
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| Opinionated | Nov 30 2017, 01:31 PM Post #5 |
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Creating more national debt so we can return tax dollars to taxpayers means that eventually one of five things will happen. The first is that the economy will grow so dramatically that new tax revenues will completely pay for the tax cuts and there won't be an increase national deficit, in fact it will be reduced or eliminated. This is the happy talk that Republicans are always trying to use, but the fact is historically this has not been the reality of what happens. Sure, sometimes there is increased economic activity, but it is never sufficient to generate enough new revenues to compensate completely for the lost revenues. The second is that the federal government dramatically cuts spending so that the national debt and deficit are kept under control. This is nice in theory, but so far the Republicans talk the talk but they don't actually walk the walk. The third is that the national deficit and debt continue to go up and eventually the government has to roll back those tax decreases, and maybe add some tax increases, in order to continue to keep the government solvent. The fourth is come combination of one through three. The fifth is that the federal government eventually collapses under the unsustainable debt that is incurred by always cutting taxes, but never cutting spending, and we all fall down. But the Republicans? They don't have a workable plan. They're creating a long term problem in exchange for some short term gratification. But then, this is what happens when you listen to Republicans. They invariably make things worse. |
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| 70-101 | Nov 30 2017, 01:50 PM Post #6 |
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We're being sold out by Congress and corporations - all in the name of corporate gains, and tax relief for the rich. America largest redistribution of wealth in nearly four decades in before us once again. A redistribution of wealth that will hurt Trump's core supporters the most I might add. Oh well, you get what you vote for. Bring on the mid-terms - so Dems can begin to right this tragic wrong. |
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| Robert Stout | Nov 30 2017, 03:05 PM Post #7 |
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Most of corporate tax savings will go to benefits for executives....They view shareholders as nothing but a nuisance....Employees will get NOTHING...........
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| Jesus can raise the dead, but he can't fix stupid | |
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| clone | Nov 30 2017, 03:12 PM Post #8 |
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Director @ Center for Advanced Memetic Warfare
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Ok dokie...
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Opinionated | Nov 30 2017, 03:55 PM Post #9 |
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That's probably reasonably close to the truth. |
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| clone | Nov 30 2017, 04:05 PM Post #10 |
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Director @ Center for Advanced Memetic Warfare
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They got employment for an agreed to compensation...WTF more do they want....
Edited by clone, Nov 30 2017, 04:06 PM.
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Opinionated | Nov 30 2017, 04:50 PM Post #11 |
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Republicans are the ones claiming that this mythical increased economic activity will lead to higher compensation for the run of the mill worker. It's not our fault they're dead wrong. |
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8:53 PM Jul 10