Republican Tax Cuts Have Put $1 Trillion Back in Shareholders’ Wallets

Doofenshmirtz · Feb 20, 2019

HumbledPi said: ↑

The bolded is a flat-out lie and I can prove it's a lie. Trump created a $2 trillion deficit by giving 83 percent of the tax cut to the top 1 percent. And now Republicans are proposing to cut Social Security and Medicare to pay for that. That’s not acceptable. Reducing the amount of tax corporations must pay the federal government has resulted in the government having much less revenue. Corporations are enjoying much higher profit. Corporate profits soared 16 percent in the last quarter. Corporations are engaging in a massive binge of stock buybacks. Stock buybacks do not put money in stockholders pockets it puts money back into the owners of the corporations.

"Companies that buy back their own shares often believe: The stock is undervalued and a good buy at the current market price. ... A buyback will increase share prices. Stocks trade in part based upon supply and demand, and a reduction in the number of outstanding shares often precipitates a price increase."
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Interesting
https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

Tax cuts do not create a deficit; spending does. Please show the reduction in revenue.

From whom did the corporations buy back the shares?

Spooky · Feb 20, 2019

HumbledPi said: ↑

You also don't seem to recall that the country was in a recession that rivaled that of 1929 after the disastrous years under Bush. The Obama Administration countered the collapse of private sector investment in 2009 with its stimulus program, which was partially offset by all the cutbacks in state and local government spending. The private sector—the corporate sector more particularly—returned not just to profitability but record profitability by the middle of 2010, but its profits have neither resulted from nor led to increased investment.
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So the same thing happened to Obama that is happening to Trump then.

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Republican Tax Cuts Have Put $1 Trillion Back in Shareholders’ Wallets

Doofenshmirtz Well-Known Member Past Donor

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Republican Tax Cuts Have Put $1 Trillion Back in Shareholders’ Wallets

Doofenshmirtz Well-Known Member Past Donor

Spooky Well-Known Member Past Donor

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