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President Trump and the Republicans deliver major Tax Cut and Jobs Act

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2112
 2112
(@2112)
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Not sure why. It worked earlier. How about this?

https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth

Yes, that has led me to play with some other charts and tools. Fun to see all the different info these sites have.

I think I may've found an even better one that illustrates your point 2112!

https://www.bls.gov/opub/ted/2017/nonfarm-payroll-employment-growth-totaled-2-point-2-million-in-2016.htm

Not sure why my CNN Money article did not draw the comparison between the 2016 vs 2017 number? Or point out the streak of 2+ million annual growth we've been experiencing...I mean they are so biased right, why not take this chance to show Obama in a good light and discount the Trump figures - wait, that is what the Whipping Post is for 😉

I like seeing source data shown on your first bls pdf link rather than reading it in a news publication (I mean we know these news links can't be trusted 😛

The annual growth / loss in manufacturing is pretty stark. 2017 saw the sector add 196,000 while 2016 had a 16,000 loss. Retail lost 67,000 in 2017, but had gained 203,000 in 2016. Those are some big swings. As is mining and logging with a gain of 59,000 vs a 2016 loss of 75,000.

Let's face it, labor numbers don't make sexy stories for the masses. Most people would rather read about Trump's latest stupid tweet or argue about football players kneeling for the national anthem. The numbers, both stock market increases and jobs numbers, are really a continuation of what has been happening for years, so they are not particularly newsworthy. I only brought this up to respond a claim the the economy is booming since Trump took over. That clearly isn't true. If you are praising Trump over the US economic performance this past year, then you should have been giving credit to Obama for the last 6 years or more. It's no secret here that I dislike Trump, but I'm one who is willing to give credit when it's due. But if someone is touting the stock market and jobs report as some kind of major accomplishment for Trump, then they are just fooling themselves.

[Edited on 1/6/2018 by 2112]


 
Posted : January 6, 2018 12:49 am
2112
 2112
(@2112)
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Famed Member
 

See, case in point this morning. The media would rather focus on Trump's claim that he is a mentally stable genious than discuss his false claim of an economic boom. Trump is the king of distraction.


 
Posted : January 6, 2018 9:34 am
Chain
(@chain)
Posts: 1349
Noble Member
 

Not sure why. It worked earlier. How about this?

https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth

Yes, that has led me to play with some other charts and tools. Fun to see all the different info these sites have.

I think I may've found an even better one that illustrates your point 2112!

https://www.bls.gov/opub/ted/2017/nonfarm-payroll-employment-growth-totaled-2-point-2-million-in-2016.htm

Not sure why my CNN Money article did not draw the comparison between the 2016 vs 2017 number? Or point out the streak of 2+ million annual growth we've been experiencing...I mean they are so biased right, why not take this chance to show Obama in a good light and discount the Trump figures - wait, that is what the Whipping Post is for 😉

I like seeing source data shown on your first bls pdf link rather than reading it in a news publication (I mean we know these news links can't be trusted 😛

The annual growth / loss in manufacturing is pretty stark. 2017 saw the sector add 196,000 while 2016 had a 16,000 loss. Retail lost 67,000 in 2017, but had gained 203,000 in 2016. Those are some big swings. As is mining and logging with a gain of 59,000 vs a 2016 loss of 75,000.

Let's face it, labor numbers don't make sexy stories for the masses. Most people would rather read about Trump's latest stupid tweet or argue about football players kneeling for the national anthem. The numbers, both stock market increases and jobs numbers, are really a continuation of what has been happening for years, so they are not particularly newsworthy. I only brought this up to respond a claim the the economy is booming since Trump took over. That clearly isn't true. If you are praising Trump over the US economic performance this past year, then you should have been giving credit to Obama for the last 6 years or more. It's no secret here that I dislike Trump, but I'm one who is willing to give credit when it's due. But if someone is touting the stock market and jobs report as some kind of major accomplishment for Trump, then they are just fooling themselves.

[Edited on 1/6/2018 by 2112]

The same is the case with the defeat of ISIS....Trump has done nothing strategically different, really, then what Obama and the DOD, various intelligent services, our allies, etc. began after the initial rise of ISIS. Just as with the economy, stock market, etc. Trump is merely the guy now in the office of President continuing what Obama and to be fair, Congress, began after the 2008 financial mess.

As you said above, the media isn't covering either subject all that much because both examples are really just a continuation of the policies of the previous Congress and the Obama administration. Now, Trump and his supporters won't admit this truth (especially a narcissist like Trump), but I think it's accurate for the most part...

[Edited on 1/6/2018 by Chain]


 
Posted : January 6, 2018 10:41 am
jkeller
(@jkeller)
Posts: 2961
Famed Member
 

Not sure why. It worked earlier. How about this?

https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth

Yes, that has led me to play with some other charts and tools. Fun to see all the different info these sites have.

I think I may've found an even better one that illustrates your point 2112!

https://www.bls.gov/opub/ted/2017/nonfarm-payroll-employment-growth-totaled-2-point-2-million-in-2016.htm

Not sure why my CNN Money article did not draw the comparison between the 2016 vs 2017 number? Or point out the streak of 2+ million annual growth we've been experiencing...I mean they are so biased right, why not take this chance to show Obama in a good light and discount the Trump figures - wait, that is what the Whipping Post is for 😉

I like seeing source data shown on your first bls pdf link rather than reading it in a news publication (I mean we know these news links can't be trusted 😛

The annual growth / loss in manufacturing is pretty stark. 2017 saw the sector add 196,000 while 2016 had a 16,000 loss. Retail lost 67,000 in 2017, but had gained 203,000 in 2016. Those are some big swings. As is mining and logging with a gain of 59,000 vs a 2016 loss of 75,000.

Let's face it, labor numbers don't make sexy stories for the masses. Most people would rather read about Trump's latest stupid tweet or argue about football players kneeling for the national anthem. The numbers, both stock market increases and jobs numbers, are really a continuation of what has been happening for years, so they are not particularly newsworthy. I only brought this up to respond a claim the the economy is booming since Trump took over. That clearly isn't true. If you are praising Trump over the US economic performance this past year, then you should have been giving credit to Obama for the last 6 years or more. It's no secret here that I dislike Trump, but I'm one who is willing to give credit when it's due. But if someone is touting the stock market and jobs report as some kind of major accomplishment for Trump, then they are just fooling themselves.

[Edited on 1/6/2018 by 2112]

The same is the case with the defeat of ISIS....Trump has done nothing strategically different, really, then what Obama and the DOD, various intelligent services, our allies, etc. began after the initial rise of ISIS. Just as with the economy, stock market, etc. Trump is merely the guy now in the office of President continuing what Obama and to be fair, Congress, began after the 2008 financial mess.

As you said above, the media isn't covering either subject all that much because both examples are really just a continuation of the policies of the previous Congress and the Obama administration. Now, Trump and his supporters won't admit this truth (especially a narcissist like Trump), but I think it's accurate for the most part...

[Edited on 1/6/2018 by Chain]

Trump defeated ISIS in the same way Harry Truman defeated Japan. Except Truman never bragged about it.


 
Posted : January 6, 2018 12:03 pm
Chain
(@chain)
Posts: 1349
Noble Member
 

Not sure why. It worked earlier. How about this?

https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth

Yes, that has led me to play with some other charts and tools. Fun to see all the different info these sites have.

I think I may've found an even better one that illustrates your point 2112!

https://www.bls.gov/opub/ted/2017/nonfarm-payroll-employment-growth-totaled-2-point-2-million-in-2016.htm

Not sure why my CNN Money article did not draw the comparison between the 2016 vs 2017 number? Or point out the streak of 2+ million annual growth we've been experiencing...I mean they are so biased right, why not take this chance to show Obama in a good light and discount the Trump figures - wait, that is what the Whipping Post is for 😉

I like seeing source data shown on your first bls pdf link rather than reading it in a news publication (I mean we know these news links can't be trusted 😛

The annual growth / loss in manufacturing is pretty stark. 2017 saw the sector add 196,000 while 2016 had a 16,000 loss. Retail lost 67,000 in 2017, but had gained 203,000 in 2016. Those are some big swings. As is mining and logging with a gain of 59,000 vs a 2016 loss of 75,000.

Let's face it, labor numbers don't make sexy stories for the masses. Most people would rather read about Trump's latest stupid tweet or argue about football players kneeling for the national anthem. The numbers, both stock market increases and jobs numbers, are really a continuation of what has been happening for years, so they are not particularly newsworthy. I only brought this up to respond a claim the the economy is booming since Trump took over. That clearly isn't true. If you are praising Trump over the US economic performance this past year, then you should have been giving credit to Obama for the last 6 years or more. It's no secret here that I dislike Trump, but I'm one who is willing to give credit when it's due. But if someone is touting the stock market and jobs report as some kind of major accomplishment for Trump, then they are just fooling themselves.

[Edited on 1/6/2018 by 2112]

The same is the case with the defeat of ISIS....Trump has done nothing strategically different, really, then what Obama and the DOD, various intelligent services, our allies, etc. began after the initial rise of ISIS. Just as with the economy, stock market, etc. Trump is merely the guy now in the office of President continuing what Obama and to be fair, Congress, began after the 2008 financial mess.

As you said above, the media isn't covering either subject all that much because both examples are really just a continuation of the policies of the previous Congress and the Obama administration. Now, Trump and his supporters won't admit this truth (especially a narcissist like Trump), but I think it's accurate for the most part...

[Edited on 1/6/2018 by Chain]

Trump defeated ISIS in the same way Harry Truman defeated Japan. Except Truman never bragged about it.

Yep....However, Harry Truman had some serious decisions to make near the end. Trump on the other hand, hasn't. Fortunately for us, the Dept. of Defense and others simply continued what was already in place with a few minor changes.

Trump, thankfully, has kept his stupidity, ignorance, and ego in check and allowed the Generals and actual professionals already in charge to continue to implement the strategy the Obama administration had already implemented. I'm convinced Trump's obsession with Generals is the only reason he didn't step in and make a clusterf*ck of things that were already working.

I think this obsession with Generals has something to do with his having dodged the draft numerous times and avoided service in Vietnam. Seriously, it's a guilt thing that is exacerbated by his myriad of other mental health issues.

[Edited on 1/6/2018 by Chain]


 
Posted : January 6, 2018 1:13 pm
nebish
(@nebish)
Posts: 4845
Illustrious Member
 

You could be right about him not serving and why he likes to elevate generals and former military to key positions. Or it could just be he lacks a good inner circle he can trust, and rightfully so - I mean what we have seen and heard about the dysfunction from within. That is one disadvantage to the outsider, they lack the contacts and the personnel to rely. Without those relationships of trust and like minded people to surround one with, who do you turn to? Military officers have the background of competence and confidence plus a respect for authority and trust and team player mentality that would be hard to otherwise find for somebody trying to pick people to work with an outsider President. I think I might seek out and defer to people like that as well more often than not.


 
Posted : January 7, 2018 5:32 am
nebish
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Do none of you see any difference from Obama to now in terms of economic growth or fighting ISIS?

You have the expectation, anticipation and reaction to the tax cuts. That would not have existed under Obama.

You have a stepped up and still restrained, but more aggressive approach in Iraq and Syria vs ISIS.

Things were heading this direction before, yes, but I do think this White House and administration has been able to take it further in a positive way.


 
Posted : January 7, 2018 5:36 am
CB
 CB
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It is impossible for me to see the government selling out the future national debit crisis to allow lower corporate income tax rates as a positive for the future of our country.

Cutting social security to help offset the growth in the national debit created by lower tax revenue means individuals are paying back the tax cut.

Also, the individual income tax rates expire (if you assume a second Trump administration related term) just in time for someone other than a Trump administration to have to deal with them. The corporate cuts do not expire.

Also never in my life did I wake up with fear that I would hear about a nuclear strike on the morning news.


 
Posted : January 7, 2018 6:30 am
2112
 2112
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Do none of you see any difference from Obama to now in terms of economic growth or fighting ISIS?

You have the expectation, anticipation and reaction to the tax cuts. That would not have existed under Obama.

You have a stepped up and still restrained, but more aggressive approach in Iraq and Syria vs ISIS.

Things were heading this direction before, yes, but I do think this White House and administration has been able to take it further in a positive way.

In a word, no. The anticipation of a tax cut and less regulation may have helped certain industries somewhat, but that was probably equalized by the damage caused by anticipation of the end of net neutrality and other threats to decrease funding to states he doesn't like, and the contractors who depend on that funding. For every added coal mining job added probably equals a job loss in the green energy field.

To believe that Trump's policies spurred growth, you are basically saying all positive trends over the last 6 years were going to suddenly reverse without him. I don't buy that.


 
Posted : January 7, 2018 10:06 am
Muleman1994
(@muleman1994)
Posts: 4923
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Topic starter
 

It is impossible for me to see the government selling out the future national debit crisis to allow lower corporate income tax rates as a positive for the future of our country.

Cutting social security to help offset the growth in the national debit created by lower tax revenue means individuals are paying back the tax cut.

Also, the individual income tax rates expire (if you assume a second Trump administration related term) just in time for someone other than a Trump administration to have to deal with them. The corporate cuts do not expire.

Also never in my life did I wake up with fear that I would hear about a nuclear strike on the morning news.

There is no "cutting social security" in the Tax Cuts and Jobs Act or in any policy proposal by President Trump or The Republicans.

That lie comes from the corrupt liberal media.

The "the individual income tax rates expire" portion of the Tax Cuts and Jobs Act is required but I will bet you not one of the lefties here can say where that requirement comes from.


 
Posted : January 7, 2018 10:46 am
CB
 CB
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Budget reconciliation comes from the Byrd act.

Why were individual cuts the ones to expire in the bill instead of an increase in corporate taxes if needed to meet reconciliation?

If trickle down doesn't work, individuals will be worse off. Retired individuals on fixed income who aren't impacted by the theory of trickle down will be worse off.

Are corporates going to restate the retirement benefits to those on fixed income to offset the expiration of the individual tax cut, while the corporation has a windfall?


 
Posted : January 7, 2018 1:23 pm
jkeller
(@jkeller)
Posts: 2961
Famed Member
 

It is impossible for me to see the government selling out the future national debit crisis to allow lower corporate income tax rates as a positive for the future of our country.

Cutting social security to help offset the growth in the national debit created by lower tax revenue means individuals are paying back the tax cut.

Also, the individual income tax rates expire (if you assume a second Trump administration related term) just in time for someone other than a Trump administration to have to deal with them. The corporate cuts do not expire.

Also never in my life did I wake up with fear that I would hear about a nuclear strike on the morning news.

There is no "cutting social security" in the Tax Cuts and Jobs Act or in any policy proposal by President Trump or The Republicans.

That lie comes from the corrupt liberal media.

The "the individual income tax rates expire" portion of the Tax Cuts and Jobs Act is required but I will bet you not one of the lefties here can say where that requirement comes from.

I can tell you. You pulled it out of your butt.


 
Posted : January 7, 2018 1:34 pm
Muleman1994
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Topic starter
 

Budget reconciliation comes from the Byrd act.

Why were individual cuts the ones to expire in the bill instead of an increase in corporate taxes if needed to meet reconciliation?

If trickle down doesn't work, individuals will be worse off. Retired individuals on fixed income who aren't impacted by the theory of trickle down will be worse off.

Are corporates going to restate the retirement benefits to those on fixed income to offset the expiration of the individual tax cut, while the corporation has a windfall?

The Byrd Act requires that all changes to individual tax rates have a life not longer than 10 years.

There are no reductions to retirement benefits to anyone.

The massive increase in economic activity which has already jumped under President Trump will ensure increased retirement benefits for everyone.

[Edited on 1/8/2018 by Muleman1994]


 
Posted : January 7, 2018 5:46 pm
Muleman1994
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Topic starter
 

Utilities cutting rates, cite benefits of Trump tax reform
www.washingtonexaminer.com

On the heels of companies dishing bonuses of up to $3,000 to over one million workers due to the anticipated benefit of President Trump’s tax reform victory, several major utilities have announced plans to cut rates in a consumer payback related to the lower taxes.

Energy suppliers like Washington’s Pepco, Baltimore Gas and Light, Pacific Power, Rocky Mountain Power and Commonwealth Edison said they plan to give hundreds of thousands of customers a rate cut due to the tax reform.

The taxpayer advocate group Americans for Tax Reform is pulling together the list of utilities expected to apply for a rate cut as it has for more than 100 major firms planning to pay out bonuses, higher wages and increased benefits due to the expected windfall they plan to receive when corporate taxes are cut.

In one announcement typical of those from the utilities sharing their tax benefits, Pacific Power said, “The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.”

Here are ATR’s examples:

Baltimore Gas & Electric – the utility is passing on $82 million worth of tax savings, resulting in lower gas and electric bills for customers:

Today BGE will file with the Maryland Public Service Commission (PSC) to pass approximately $82 million in annual tax savings to customers, resulting from federal tax cost reductions. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018. If approved by the PSC, the average BGE residential electric customer can expect to see an estimated $2.31 decrease on their monthly bill, and the average residential combined natural gas and electric customer can expect an estimated $4.27 monthly reduction, effective in February 2018.

“Reduced tax costs create an opportunity for BGE customers to benefit from further decreases in their total energy bills,” said Calvin G. Butler Jr, chief executive officer of BGE. – Jan. 5, 2018 Baltimore Gas & Electric press release

Pacific Power – the utility will pass along tax savings to customers:
The new Republican tax plan has brought a variety of tax cuts. Pacific Power says they are committed to passing the benefit of this tax cut on to customers.

“We strive to provide our customers reliable service while keeping rates low,” said Stefan Bird, President and CEO of Pacific Power. “The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.” – Jan. 3, 2018 My Columbia Basin article excerpt

Pepco – the utility will pass along tax savings to customers:

Pepco today announced they will file with the Public Service Commission of the District of Columbia in early February, outlining plans to provide annual tax savings to more than 296,000 electric customers in the District of Columbia. If approved, Pepco would plan to begin providing a credit lowering customer bills starting in the first quarter of 2018.

The tax savings are the result of federal tax reductions under the new Tax Cuts and Jobs Act, which was signed into law on Dec. 22, 2017, and became effective on Jan. 1, 2018. The decrease in the Corporate Tax Rate from 35 percent to 21 percent reduces the amount of federal income tax Pepco will have to pay.

“The tax law will result in lower bills for our customers and lower taxes for Pepco,” said Dave Velazquez, President and CEO, Pepco Holdings, which includes Pepco. “We are pleased to provide these savings to our customers, while at the same time ensuring we are making prudent investments in the local power grid to maintain the safe, reliable, and affordable service our customers have come to expect.” – Jan. 5, 2018 Pepco press release

Rocky Mountain Power – the utility will pass along tax savings to customers:

Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers. But, the company isn't sure how much or when. – Jan. 4 Local News 8 article excerpt
Commonwealth Edison Company (ComEd) – the utility is passing on $200 million worth of tax savings to its customers:

Today ComEd is filing a petition with the Illinois Commerce Commission (ICC) seeking approval to pass along approximately $200 million in tax savings to its customers in 2018. If approved by the ICC, the average ComEd residential customer can expect to see an estimated $2-$3 decrease on their monthly bill related to the tax reduction.

The Tax Cuts and Jobs Act (TCJA), which was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018, decreased the corporate tax rate from 35 percent to 21 percent, reducing the amount of federal income tax ComEd will have to pay. – Jan. 5 Commonwealth Edison Company press release

http://www.washingtonexaminer.com/utilities-cutting-rates-cite-benefits-of-trump-tax-reform/article/2645375


 
Posted : January 10, 2018 6:17 am
Muleman1994
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Topic starter
 

Jamie Dimon, JPMorgan Chase & Co. CEO and considered by many to be America’s Banker, says with President Trump and The Republican’s Tax Cuts and Jobs Act and pro-growth policies the U.S. economic growth will soon reach 4%.

His press statement was released Monday.
Jamie Dimon is a Democrat.


 
Posted : January 10, 2018 6:18 am
MartinD28
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People say the funniest things - Jamie Dimon with his growth projections & Trump with his self described "stable genius" label. Too funny. Kind of like unicorns & pot of gold at end of rainbow.

[Edited on 1/10/2018 by MartinD28]


 
Posted : January 10, 2018 8:44 am
nebish
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I listened to a Warren Buffet interview on CNBC this morning. The way he described it, no wonder the market has seen such a historic and record breaking surge the last year.

I'm paraphrasing, imagine the federal government is taking 35% and the company and the investors get the remaining 65% of the profits. By doing nothing the companies and their shareholders gained 14% to a 79% stake, the potential for market growth remains quite large. This is going to go on for a while, unless some geo-polticial event happens.

As we have hashed over here, the tradegectory of the market's growth is long with gains with substantial job increases under the Obama administration. So the foundation for that was already laid. But it can't be ignored what this tax cut bill has done, not just since it's passage, but during the speculation of it happening, the ramp up since the election.

Buffet says you can't reliably forecast economic growth, but you can forecast what tax changes will or will not do on the balance sheet, tangible changes...and these companies and investors have been banking on it for some time.

Now the rubber meets the road. Market gains and more profitable companies is one thing. What happens next will ultimately determine the success of the plan and what Trump and this Congress should be judged by.


 
Posted : January 10, 2018 9:00 am
nebish
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Here is an excerpt, sorry, don't know why it is all CAPS:

NOW, ADDITIONALLY, YOU HAD THE TAX ACT, WHICH IS A HUGE FACTOR IN VALUATION. I MEAN, IF YOU HAD BOUGHT – WE’RE IN OMAHA, LET’S SAY YOU HAD BOUGHT THE UNION PACIFIC RAILROAD YOURSELF, LIKE WE BOUGHT THE BNSF, AND IF YOU HAD BOUGHT IT A YEAR OR TWO AGO, YOU COULD HAVE BOUGHT 100% OF THE STOCK, BUT THE U.S. GOVERNMENT WOULD HAVE HAD A SUPER STOCK THAT WAS ENTITLED TO 35% OF THE EARNINGS. AND THEY HAD JUST CHANGED THAT WITHOUT YOU PAYING THEM A PENNY TO WHERE THERE’S – THEY NOW HAVE 21% OF THE STOCK. IN EFFECT, YOU BOUGHT IN THEIR 14%, 40% OF WHAT THEY HAD FOR NOTHING. I MEAN, IT’D BE LIKE I GAVE 14% OF BERKSHIRE BACK TO BERKSHIRE FOR NOTHING. WOULD THAT MAKE THE REMAINING SHARES MORE VALUABLE? OF COURSE IT WOULD. AND SO YOU’VE HAD THIS MAJOR CHANGE IN THE SILENT STOCKHOLDER IN AMERICAN BUSINESS WHO HAS BEEN CONTENT WITH 35% — NOW THERE’S VARIOUS THINGS ABOUT FOREIGN EARNINGS AND ALL THAT, BUT 35% OF A BASIC – OUR BASIC BUSINESSES. AND NOW INSTEAD OF GETTING A 35% INTEREST ON THEIR EARNINGS THEY GET A 21%, AND THAT MAKES THE REMAINING STOCK MORE VALUABLE.

QUICK: I HAVE NOT HEARD ANYBODY EXPLAIN IT JUST LIKE THAT. WHEN YOU SAY SOMETHING LIKE THAT, YOU KNOW, WE’RE CONSTANTLY ASKING IS THIS BAKED INTO THE MARKET? IS THIS REFLECTED IN THE MARKET? WHEN YOU SAY SOMETHING LIKE THAT, THAT MAKES ME THINK NO, THAT THIS IS A MUCH LONGER TERM, MUCH BIGGER DEAL THAN THE RUN-UP THAT WE’VE SEEN IN THE LAST MONTH OR SO.

BUFFETT: WELL, IT’S A BIG DEAL. HOW MUCH OF IT HAS BEEN BAKED IN AS PEOPLE STARTED THINKING MAYBE THERE WOULD BE THE TAX BILL AND HOW BIG WOULD IT BE. I THINK THAT – 21% WAS NOT BAKED IN, THAT’S A HUGE, HUGE REDUCTION. IF YOU AND I WERE PARTNERS IN A BUSINESS AND YOU OWNED 35% OF IT AND I OWN 65% AND THEN YOU SHOWED UP ONE DAY AND SAID I’M GIVING YOU 14 OF MY 35 POINTS, NOW MY INTEREST HAS GONE FROM 65% TO 79%. THAT’S MORE THAN A 20% INCREASE IN THE EARNING POWER, AND YOU’VE JUST GIVEN IT TO ME. NOTHING HAS CHANGED IN THE BUSINESS THAT’S — IT’S A BIG FACTOR. NOW, THEY CAN TAKE IT AWAY TOO. GO THE OTHER DIRECTION.

http://delawarebusinessnow.com/2018/01/warren-buffett-interview-cnbc-touches-succession-tax-bill/


 
Posted : January 10, 2018 9:34 am
Sang
 Sang
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Public utilities are highly regulated by state commissions ..... they would be asked to reduce their rates because of the tax cut anyway ..... it's all part of the formula for how their rates are set..... can't wait to get that extra $2-$3 per month once their rate case is finally settled....... 😛


 
Posted : January 10, 2018 10:34 am
Muleman1994
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Topic starter
 

Public utilities are highly regulated by state commissions ..... they would be asked to reduce their rates because of the tax cut anyway ..... it's all part of the formula for how their rates are set..... can't wait to get that extra $2-$3 per month once their rate case is finally settled....... 😛

Bullsheet.
Not one of the utilities reducing their rate has been "asked" to by regulators.

President Trump is getting the job done for the people and the left-wing losers can't stand it.
Ha ha, the lefties lose again.

The left said during the campaign that if Donald Trump was elected President the stock market would crash and the economy would tank.

Lying will not but you votes.

The American People are laughing at you losers yet again.


 
Posted : January 10, 2018 11:19 am
Sang
 Sang
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Illustrious Member
 

Yes, but they will be asked to ..... that's how it works, it's just timing. Matter of fact, ComEd just got a rate hike of about $1 a bill - so this just about evens it out.....


 
Posted : January 10, 2018 1:32 pm
Muleman1994
(@muleman1994)
Posts: 4923
Member
Topic starter
 

Yes, but they will be asked to ..... that's how it works, it's just timing. Matter of fact, ComEd just got a rate hike of about $1 a bill - so this just about evens it out.....

"they will be asked to ..... that's how it works"
Right. Exactly which regulators would that be? The ones that have not said anything? The ones cowering from the surge in the American economy thanks to President Trump and the Republicans?

Math just ain't your thing is it son.
That is okay.
The American People are reaping the benefits of President Trump and the Republicans Tax Cut and Jobs Act and the left is still trying to come up with something for the people.


 
Posted : January 10, 2018 1:41 pm
BoytonBrother
(@boytonbrother)
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Mule, why do you think about the left so much?


 
Posted : January 10, 2018 2:31 pm
Sang
 Sang
(@sang)
Posts: 5834
Illustrious Member
 

Well, I actually have a degree in math - and I worked for a utility and worked with the state utility commission all the time.... but I'm sure you know better how utility rates are set..... 😛


 
Posted : January 10, 2018 2:44 pm
Muleman1994
(@muleman1994)
Posts: 4923
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Topic starter
 

Well, I actually have a degree in math - and I worked for a utility and worked with the state utility commission all the time.... but I'm sure you know better how utility rates are set..... 😛

You claim to have a degree in math?
Maybe you should get your money back.


 
Posted : January 11, 2018 8:29 am
Muleman1994
(@muleman1994)
Posts: 4923
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Topic starter
 

President Trump and The Republican’s Tax Cuts and Jobs Act continues to directly benefit the American worker:

Walmart boosts pay for one million U.S. workers, tax reform is the reason why
www.foxbusiness.com

Walmart (WMT), the nation’s largest employer, with 1.5 million U.S. workers will allow the majority of those employees, 1 million, to share in the benefits of the largest sweeping tax reform in three decades.

The retailer is boosting starting hourly wages to $11 an hour. Additionally, the retailer will give one-time $1,000 bonus payments to workers, depending on length of service at the company. It is also extending maternity and parental benefits. The changes take place in February.

“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders” said CEO Doug McMillon in a statement on Thursday.

Walmart joins other major S&P 500 companies that have rewarded employees after the passage of President Trump’s tax reform package which lowers the corporate tax rate to 21% from 35% and provides tax breaks for most American workers.

http://www.foxbusiness.com/markets/2018/01/11/walmart-boosts-pay-for-one-million-u-s-workers-tax-reform-is-reason-why.html


 
Posted : January 11, 2018 8:30 am
jkeller
(@jkeller)
Posts: 2961
Famed Member
 

President Trump and The Republican’s Tax Cuts and Jobs Act continues to directly benefit the American worker:

Walmart boosts pay for one million U.S. workers, tax reform is the reason why
www.foxbusiness.com

Walmart (WMT), the nation’s largest employer, with 1.5 million U.S. workers will allow the majority of those employees, 1 million, to share in the benefits of the largest sweeping tax reform in three decades.

The retailer is boosting starting hourly wages to $11 an hour. Additionally, the retailer will give one-time $1,000 bonus payments to workers, depending on length of service at the company. It is also extending maternity and parental benefits. The changes take place in February.

“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders” said CEO Doug McMillon in a statement on Thursday.

Walmart joins other major S&P 500 companies that have rewarded employees after the passage of President Trump’s tax reform package which lowers the corporate tax rate to 21% from 35% and provides tax breaks for most American workers.

http://www.foxbusiness.com/markets/2018/01/11/walmart-boosts-pay-for-one-million-u-s-workers-tax-reform-is-reason-why.html

That's great for those workers. But what about their Sam's Club workers.

http://www.businessinsider.com/walmart-suddenly-closes-sams-club-stores-2018-1

Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider.

Several stores were abrupty closed Thursday. In some cases, employees were not informed of the closures prior to showing up to work on Thursday.

Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports.

Ten of the affected stores will be turned into ecommerce distribution centers, and employees of those stores will have the opportunity to reapply for positions at those locations, a Walmart official said.

The remaining stores will stay open for several weeks before closing permanently.

Sam's Club offered an explanation for the closures on Twitter, saying, "After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition."

1h

YourMCAdmin
@YourMCAdmin
Wow, a whole lot of @SamsClub locations shut down today while giving 0 notice to workers. That sounds like the management team alright. They are heartless people. I feel terrible for the thousands of people who just lost their jobs.

Sam's Club

@SamsClub
After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition.

9:25 AM - Jan 11, 2018
35 35 Replies 10 10 Retweets 3 3 likes
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The closures come on the same day that Walmart announced it was raising starting hourly wages to $11, expanding employee benefits, and offering workers bonuses of up to $1,000.

Here's a list of closures rounded up from local media reports and Sam's Club employees that contacted Business Insider. The list will be updated as we learn of additional locations.

8801 Old Seward Hwy, Anchorage, AK 99515
17835 Gale Ave, City of Industry, CA 91748
12540 Beach Blvd, Stanton, CA 90680
69 Pavilions Dr, Manchester, CT 06042
355 FL-436, Fern Park, FL 32730
5135 S Dale Mabry Hwy, Tampa, FL 33611
2994 Turner Hill Rd, Lithonia, GA 30038
501 N Randall Rd, Batavia, IL 60510
21430 S Cicero Ave, Matteson, IL 60443
900 S Barrington Rd, Streamwood, IL 60107
1055 McHenry Rd, Wheeling, IL 60090
808 S Illinois Rte 59, Naperville, IL 60540
460 S Weber Rd, Romeoville, IL 60446
3015 W 86th St, Indianapolis, IN 46268
10859 E Washington St, Indianapolis, IN 46229
4024 Elkhart Rd #1, Goshen, IN 46526
9598 Cortana Pl, Baton Rouge, LA 70815
9750 Reisterstown Rd, Owings Mills, MD 21117
3745 Louisiana Ave S, St Louis Park, MN 55426
2800 27th Ave S, Moorhead, MN 56560
81 International Dr S, Budd Lake, NJ 07828
2649 Erie Blvd E, Syracuse, NY 13224
720 Fairmount Ave, Jamestown, NY 14701
700 Elmridge Center Dr, Rochester, NY 14626
1600 Marketplace Dr, Rochester, NY 14623
4825 Marburg Ave, Cincinnati, OH 45209
9570 Fields Ertel Rd, Loveland, OH 45140
1805 Getwell Rd, Memphis, TN 38111
1615 S Loop W, Houston, TX 77054
13331 Westheimer Rd, Houston, TX 77077
901 S Grady Way, Renton, WA 98057
1101 Outlet Collection Way, Auburn, WA 98001
13550 Aurora Ave N, Seattle, WA 98133
If you know of stores closing that are missing from this list, reach out to hpeterson@businessinsider.com.


 
Posted : January 11, 2018 9:58 am
Sang
 Sang
(@sang)
Posts: 5834
Illustrious Member
 

Well, I actually have a degree in math - and I worked for a utility and worked with the state utility commission all the time.... but I'm sure you know better how utility rates are set..... 😛

You claim to have a degree in math?
Maybe you should get your money back.

They didn't have classes in trolling when I was in college.......

I have a degree in Math and Psychology .... people like you were talked about all the time in my psychology classes .... 😛


 
Posted : January 11, 2018 10:46 am
BrerRabbit
(@brerrabbit)
Posts: 5580
Illustrious Member
 

I bet there are classes in internet psychology by now - these are serious pathologies, infecting others, really sick stuff.

This guy is a classic troll - needs help, but online there are no social checks, it can just snowball into a severity that is not simply an irritant to others, but a self-justifying, self-fueling, self-acceleating fishbowl logic world where extreme behaviors may result in the real world.

Easy to shrug off, it's just a chat forum, but given the steady escalation of offensive antisocial attacks, the repetition and incoherence (the "black murder" tape-loop the most glaring recent example), a chilling lack of humor as well as outright refusal of genuine gestures of friendship, combined with the recent report from a longtime member that he used to be friendly and social - a clearly downward spiral into paranoid schizophrenia - I'd offer a layman's guess it is not too farfetched to surmise that he is a likely candidate for going postal or suicide, or some.other radical antisocial meltdown.

Creep.


 
Posted : January 11, 2018 11:49 am
MartinD28
(@martind28)
Posts: 2860
Famed Member
 

Remember Trump & all his bravado about Carrier. Fast forward.

https://www.yahoo.com/news/carrier-workers-activists-slam-president-150246502.html


 
Posted : January 11, 2018 1:53 pm
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