TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS

President Donald Trump’s corporate tax cuts might not have trickled down to American workers in the way that he suggested they would.

In part,

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

From here.

http://www.newsweek.com/republican-tax-cuts-trump-wage-increases-879800

President Trump Could Save $11 Million A Year From New Tax Bill

In part,

It is clear that President Donald Trump is set to save millions if he signs the Republican tax plan, but exactly how much? Forbes crunched the numbers: It looks like up to $11 million a year from a single rule change.

From here,

https://www.forbes.com/sites/danalexander/2017/12/18/president-trump-could-save-11-million-a-year-from-new-tax-bill/#7c6ab7c12337

I know MY taxes went up under the "Trump Tax Cut". I will be paying close to $6000 more

But then again, I am middle class, the vanishing fulcrum the rich and politicians always balance the tax burden on

So greedy ceo's and board members are Trump's fault... 9 tax reductions and it didn't make it to the employees...tell me again who's fault this is?

wages increased 2.9% since this time last year. Any other good news you want to dump on . Must be awful to be as negative as you and a few others on this site are. Don't worry , be happy.

in raw numbers there was good news under both Trump and his predecessor.

points of contention lie only when people compare to what they think 'should have happened' or how much quicker....


Case in point, many dont credit OBama for leading us out of recession, because of the speed at which it happened ...

yet, the same will credit Trump for increased wages even though ...


Average hourly earnings for non-management private-sector workers in July were $22.65, up 3 cents from June and 2.7% above the average wage from a year earlier, according to data from the federal Bureau of Labor Statistics. That’s in line with average wage growth over the past five years: Year-over-year growth has mostly ranged between 2% and 3% since the beginning of 2013. But in the years just before the 2007-08 financial collapse, average hourly earnings often increased by around 4% year-over-year. And during the high-inflation years of the 1970s and early 1980s, average wages commonly jumped 7%, 8% or even 9% year-over-year.


After adjusting for inflation, however, today’s average hourly wage has just about the same purchasing power it did in 1978, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today.


http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/


I'm willing to be consistent and say I am happy wages are coming up instead of down, just as I am happy we are no longer on a fast track to a depression.

it doesn't take a rocket scientist to figure out exactly who benefited the most from trumps tax cuts!

the only people who cant see it are the ones who don't WANT to see it,and people who are so gullible that they actually BELIEVE all the ridiculously stupid lies that trump tells them that any reasonably intelligent 8 year old could see through.

what astounds me is how willing all of these trumpsters are to HAPPILY,and ENTHUSIASTICALLY support something that is OBVIOUSLY cutting their own throats!!!

but,now we know what Donald trump meant when he said 'I love uneducated people".

What does one have to do with the other? I stated I was being shafted $6K more under this plan. It doesn't do me any good that somebody else got a raise, I am still on the hook for another 6K.

Jeesh, get a clue

In U.S., wage growth is being wiped out entirely by inflation

Pay is up 2.7 percent in the past year, while the cost of living is up 2.9 percent, the Labor Department reported Friday.

Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle and working classes.

Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period. The average U.S. “real wage,” a federal measure of pay that takes inflation into account, fell to $10.76 an hour last month, 2 cents down from where it was a year ago.

From here,

http://statelibraryeclips.wordpress.com/2018/08/13/in-u-s-wage-growth-is-being-wiped-out-entirely-by-inflation/

More quotes from liberal news sites. Back up your lies with more of the same.

Lol! I don't care about your problems. I'm speaking of wages for American workers. Your guy Obama just about desimated the middle class during his eight years, now it's coming back for " most people" you should be happy for others. Lol

Your guy Obama just about desimated the middle class during his eight years, now it's coming back for " most people" you should be happy for others. Lol



This.

Again, bring up Obama when you are losing a discussion? The OP was about how the Trump tax cut effected people, I stated that my "tax cut" was an increase.

Then you bring up stats about how wages have increased. What does one have to do with the other? I stated "MY taxes went up instead of being cut"

But since you bring up Obama, look at the indicators when HE took over (after the Bush recession), and look at those same indicators when Trump took over. I will give you a hint: Obama inherited a stalled economy (as McCain-Palin would have as well), where Trump took over an economy which was recovered. BIG difference.

ALL our pocketbooks hurt under Obama, they would have hurt just as much if McCain had won. This is not a Democrat-Republican argument, either side in 2008 would have had the same challenges in recovering from the Bush recession.

But for your boy to simply say "I fixed the economy" is as silly as if he said, "I made the sun rise!" Can't you see that?

But back to the tax "cut". If it cost middle-class workers more, and the middle class are the majority of the folks footing the bill, is it a tax cut, or an increase?

And your line "I don't care about your problems. I'm speaking of wages for American workers." is contradictory. I AM an American worker, in one of those blue states that funds the red states where the majority of welfare spending happens:

https://www.apnews.com/2f83c72de1bd440d92cdbc0d3b6bc08c

If my (as an American worker) wages go up, but my taxes go up MORE, did I get a pay increase, a tax cut, or just plain shafted?

Did YOU get a tax cut? Have you even looked yet?

As stated, EITHER winner of the 2008 Presidential election would inherit a load of Chicken crap that needed to be made into chicken salad. That was the remnants of the Bush Recession, and the corporate bail outs which were given out.

EITHER president in 2008 would have had a tough road, and had to make tough decisions. To believe that recovery would have been less painful under a Republican is rather short-sighted.

Now, to take over an economy which is tuned-up again, as Trump did in 2016, and proclaim it is a Festivus Miracle, well, that is just bunk.

However, to put in a "tax cut" that benefits one class over the other, well, if one reads US history, there are many instances which show that such actions don't work.

To believe that this "tax cut" benefited working Americans is simply being foolish and uninformed. This was a gift for the rich.

A "middle class tax cut" is like a mermaid: people swear they exist, and the drawings of them make them look beautiful, but no one has ever seen one for real. And I don't care if it is a Dem or a Rep promising it, it does NOT exist.

And if they are saying, "but look, wages went up X, or unemployment is X", it is just apples and oranges, and they are snowing you.

IF you live in a state with high state and local taxes such that the $10,000 deduction limit affects you, then either you make a very high income or your state and local government is giving you a lot more services for your taxes than the rest of us get. It is not for me, through my federal income tax, to support your state and local provided services!

I don't know if he was duped or not..untill I know better, I'll give Trump credit for trying, he cannot control what the ceo's do or don't do... So who predicted this? You? Ido know this, there's a lot of people looking to make look bad, it's not out of the question he was lied to...

When it comes to tax changes, especially cuts, there are short term and long term results.

IN the short term, the latest cuts went straight into the pockets of the corporations and their power brokers. Whether the promised eventual results, of prosperity, and rapid growth which results in sustained economic stability, and a return to a higher standard of living for the American middle and lower classes ever occurs, who knows. I see no sign of that so far.

Wages have finally inched up slightly, only AFTER the unemployment rate finally reached the point where employers are being violently (economically speaking) forced to raise SOME wages in SOME sectors, but the bulk of the tax cuts have been plowed into the usual areas that tax cuts for the investor classes always are: playing games with the stock market. American industrial jobs are STILL going overseas at the same rate as before. International trade is a confused mess right now, due to the simultaneous decision to wage a tariff war, and to overturn all previous trade agreements.

And of course, since the Republicans dropped their previous pretense of having to balance the budget, the deficits and budget shortfalls are increasing by trillions, faster than ever before. Will that do as so many Republicans USED TO claim, and ultimately bring everything crashing down?

I have no idea.

wow, you're pretty smart to know about predictions from charts like that... But I guess it's not real hard to guess what greedy ceo's will do with money... But either way, Trump did his job, and y'all still whine...

well, I don't know enough about econmics to say Trump was right or wrong...till I know for sure either way, I'll give Trump the benefit of doubt that he's trying to help...

there's more to economics than just wages... If a company like Wal Mart goes under, how many Americans are out of work? Like I said, I don't know if he's right or wrong, when I know, I'll let you know... If Boeing goes down, the city of Seattle turns into Detroit after the auto manufacturers left...there's plenty of reasons to help the people without making their companies raise their wages...

I don't remember a response, just a bunch of silly questions...so anyway, who's fault is it? If You're still blaming Trump, then I say you're wrong...