Free Republic

Allow me to confess that I’ve been right out there with the best of them (or is it the worst?) when it comes to high-fiving and back-slapping over the positive results of the tax cuts enacted before Christmas. Businesses are hiring, handing out bonuses and onshoring capital. Workers are seeing more money in their paychecks and will see significant benefits when they file their taxes next year. Yes, there is plenty to celebrate, but there’s also a second, far less pleasant reality to contemplate.As the WaPo reports this weekend, the federal government is now on track to borrow a massive...

"This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act," said David Abney, UPS Chairman and Chief Executive Officerbs Act.. "We will increase network investments and accelerate pension funding to strengthen the company for the long term, so that we maximize the benefit to our global customers, employees and shareowners." UPS also recently made a $5 billion tax-qualified contribution to the company's three UPS-sponsored U.S. pension plans. This represents about $13,000 per participant. The voluntary contribution raised the funding level to above 90-percent, securing retirement benefits on behalf of...

RUSH: Jacksonville, Florida. Bobby, great to have you on the EIB Network. Hello. CALLER: Hey, Rush. Good afternoon. RUSH: Great to have you, Bobby. CALLER: (muffled) Thank you. You know, listening to you and the media saying that for eight years they told us that the new norm was like 0.5% or 1% GDP. Unemployment was supposed to go up. Food stamps. More people were on food stamps. For eight years, we heard about it. Now Trump has been in office for one year and the economy is booming. How can they…? I can’t figure out the media. What do...

Democrats have let us know they are not impressed with the good news to come out of the GOP tax reform plan, fully engaged in downplaying at its finest. Major companies have rewarded employees bonuses and salary increases in the aftermath of the Republican tax plan, yet Democratic leaders like House Minority Leader Nancy Pelosi dismissed the benefits as mere " crumbs " compared to the supposed joy ride corporate America is getting. Other Democrats decided not to cheer the news that Wal-Mart was raising pay and giving out bonuses , instead calling it a "PR stunt." The Washington...

(Reuters) - Fiat Chrysler Automobiles NV FCH.MI (FCAU.N) said on Thursday it would invest more than $1 billion in its Michigan plant and add 2,500 jobs as it benefits from the overhaul of the U.S. tax code. The company said it would spend the money to modernize the Warren Truck Assembly Plant in Michigan to produce its Ram Heavy Duty trucks. The company will relocate the truck’s production from its current location in Saltillo, Mexico, to the Michigan plant in 202O. The car maker also said it would make a special bonus payment of $2,000 to about 60,000 FCA hourly...

RUSH: Now, folks, the news coming out of Walmart today is just mind-boggling in a couple of different ways. Now, what we’re looking at here, this is directly because of the Trump tax cut. It is exclusively attributable to the Trump tax cut. Walmart has announced that it’s going to raise its starting wage to $11 an hour, and it’s going to give some employees bonuses following the passage of the tax bill. Walmart’s employees will reap the benefits of the recent tax law changes as the company raises its starting wage and distributes bonuses to eligible workers. And this...

Debating public policy is fair game. Whether or not we should build a wall on our Southern border will have diverse perspectives and warrants discussion. . . snip In the meantime, even the left of center Brookings Institute’s Tax Policy Center states 80% of Americans will receive a significant tax cut. . . snip So, let’s review. You live in Kansas and both you and your spouse work. You bring in about $95,000 from your two incomes and you have two kids. You will have about $2,400 less to pay in taxes in 2018, not to mention a much simpler...

The tax plan that President Trump signed into law last week creates one of the largest new loopholes in decades: a 20% deduction for “pass-through income.” Pass-through income is business income that is immediately “passed through” to the owner’s personal tax return, thereby avoiding the corporate income tax. Proponents of the Republican tax plan claim the cut benefits small businesses, but that’s a red herring. In reality, the new deduction disproportionately benefits the wealthy, penalizes workers and, in part because it is so complex, will ultimately reward those who can afford the best tax advice. The new deduction could have...

Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. The New York bank on Friday became one of the first to release details on how changes in the tax code will affect how money parked overseas is handled. Two thirds of the $5 billion are due to changes in repatriation taxes, when funds are returned from overseas, according to Goldman. The remainder includes the 'effects of the implementation of the territorial tax system and the remeasurement of U.S. deferred tax assets at...

Australian Treasurer Scott Morrison sounded alarm bells about the impact of the recently-passed American tax cuts on Australia’s economy. If Australia doesn’t pass its own version of the Trump tax cuts, Morrison fears the country will take a hit to its GDP of up to 1 percent. Morrison initially proposed a $65 billion tax cut, saying it woulld add 1 percent to Australia’s GDP. After Trump’s cut, however, Morrison warned that the cuts are necessary for the country’s economy not to contract. Morrison cited treasury analyses showing that Australia “may experience a significant recessionary impact and a potential downgrade in...

Rosie O’Donnell is facing intense backlash on social media after offering to payoff two Republican senators if they voted no on the tax bill. This comes after O’Donnell tweeted out Tuesday night that she would give GOP Senators Susan Collins and Jeff Flake two million dollars each if they sided with Democrats. so how about this i promise to give 2 million dollars to senator susan collins and 2 million to senator jeff flake if they vote NO NO I WILL NOT KILL AMERICANS FOR THE SUOER RICH DM me susan DM me jeff no shit 2 million cash each...

Full title: 'Armageddon:' Major Companies Announce Hiring, Bonuses, Raises, and Charitable Donations Thanks to Tax Reform Nancy Pelosi is running out of hysterical pejoratives to hurl at the now-passed GOP tax reform bill, which will cut taxes for 80 percent of Americans. She's already called it "armageddon," and the "end of the world," adding " Frankenstein " to the list just today. Oh, and poor little "Tiny Tim!" These are patent absurdities. The bill is a mostly-good mixed bag that will make US companies more competitive and allow the overwhelming majority of taxpayers to keep more of the money they...

Political discourse just reached a new high in the Trump era, courtesy of social media and the interwebz. Obviously, I am referring to Twitter and that strange creature Rosie O’Donnell, a feral never Trumper who was so blatantly stupid she tried to bribe US Senators offering them millions of dollars cash provided they vote against President Trump’s tax cut bill. To make a long and amusing story short, Rosie O’Donnell tweeted last night she offers two million smackaroos (cash) to any Republican senator who’s ready to kill Trump’s tax reform bill. In case you’re not Mr. Current Affairs, Rosie O’Donnell...

With one piece of hard-won legislation President Trump has kept many of his campaign promises, not the least of which was to Make America Great Again. After nearly a decade of stagnant economic growth, this historic tax overhaul will restore America’s position as the center of the world’s global economy. – FoxLet’s review what Trump’s Tax Bill accomplished. Reduced everyone’s tax rate: GREAT! After nearly a decade of stagnant economic growth, this historic tax overhaul will restore America’s position as the center of the world’s global economy. - Fox Reduced corporate tax rates so much that even Europe is bleating...

The primary goal of the mainstream media and their puppets in Washington known as the Democratic Party (or is it the other way around? It’s so hard to tell these days…) is now to study the 2017 Tax Reform plan and identify who directly benefits most, and who directly benefits least, so that the program can be portrayed as a contest between winners and losers. This is logical in their zeitgeist – a world that operates under the “zero sum game” theory of the anti-capitalist mentality. They believe the economy is a pie, so if someone gets a bigger slice,...

Thanks to Republicans passing historic tax reform, Fifth Third Bancorp announced it will “raise its minimum hourly wage for all employees to $15, and distribute one-time bonus of $1,000 to more than 13,500 employees.” BusinessWire reports: Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities. […] Approximately 75 percent of employees will receive a pay increase or bonus. “We want to invest in our most...

Christmas Present Past:Christmas Present Present:Due to the prolonged state-sponsored education/media propaganda complex half the country still believes that Obamacare was a Christmas present, and the tax cuts are a lump of coal.Aside from the tax cuts your next best chance of WINNING! is tonight, when the Powerball jackpot is expected to be worth $269 million! Although I think your odds of getting a tax cut are considerably higher.Posted from: MOTUS A.D.

IT'S A DONE DEAL!

Senate passes tax bill minutes ago! Trump still winning and no were sick of it!

The Senate approved the Republican tax-cut bill in a 51-48 vote on Wednesday morning, inching closer to finishing off the first major legislative victory of President Trump’s tenure. The party-line Senate vote came hours after the House on Tuesday approved the sweeping legislation in a 227-203 vote. But the House will have to vote again on Wednesday to get the bill to the White House because of a ruling by the Senate parliamentarian that two provisions in the House-passed bill didn't comply with budget rules that Republicans are using to prevent Democrats from mounting a filibuster. The 11th hour procedural...