One thing that has come out after this tax legislation is the clear Financial illiteracy on the left
This is false. Do you understand immediate expensING of capital expenditures?
57... Do you?
[TW]955081231967948806[/TW]
[TW]955081231967948806[/TW]
For what it's worth, I think this is hardly surprising, regardless of the actual impact the cuts end up having. Only a small slice of the population would have seen any effect whatsoever, and the companies that will see a major benefit have definitely driven the narrative so far. Whether it ends up actually being a positive or not for most Americans is still open for debate.
From the article
In the most explicit use of tax savings announced by any major bank, JPMorgan said it would raise wages for 22,000 employees by an average of 10 percent, to between $15 and $18 per hour, hire 4,000 employees and add up to 400 Chase branches
Want to raise wages? Reject socialism.
But 57 will remind us that this isn't permenant... Or something
Dean Baker
@DeanBaker13
48m48 minutes ago
In response to tax cuts Kimberly-Clark announces layoffs of 5,500 workers
https://www.nytimes.com/2018/01/23/...lights&contentPlacement=1&pgtype=sectionfront … (Everything that happens in the economy is due to the tax cuts, right?)