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Corporate tax breaks do NOT create jobs


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2017 Sep 4, 10:59am   19,474 views  87 comments

by joeyjojojunior   ➕follow (1)   💰tip   ignore  

Can we please put an end to this obvious myth?

https://www.thestreet.com/story/14284462/1/corporate-tax-cuts-promote-ceo-pay-raises-and-stock-buybacks-not-jobs.html
"Researchers looked at 92 publicly-held companies that reported a U.S. profit from 2008 to 2015 and paid a federal income tax of less than 20%, the rate proposed by House Republicans, by exploiting loopholes in the current tax code.

The 92 companies examined saw median job growth of negative 1% over an eight-year period, compared to 6% across the entire U.S. private sector. Moreover, half of those firms eliminated jobs during that time, downsizing by a combined total of 483,000 jobs.

At the same time, average CEO pay among the 92 firms rose by 18%, compared to a 13% increase across the entire S&P 500"

But, cutting corporate tax rates would ABSOLUTELY enrich Trump himself. When the Trumpcucks realize that he cares not for the average American. Everything he does, he does for one reason alone. To enrich himself and his family.

https://www.yahoo.com/news/trump-promised-put-american-workers-142940732.html
is another interesting article detailing how Trump has screwed the American worker but helped his businesses.

#MAGA

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73   LeonDurham   2018 Aug 4, 5:41pm  

It's funny. Obama created more jobs in his last 18 months than Trump did in his first 18 months.

Obama had multiple quarters of 4% growth.

But the sheeple somehow still believe that Trump has helped the economy. lol.
74   Patrick   2018 Aug 4, 6:16pm  

LeonDurham says
Goran_K says


So why not just tax corporations at 100% and creates lots of jobs?


I think trolling is against the rules here.


That's not trolling, that's simply asking about the logical conclusion of the assertion that taxing corporations creates jobs.

In Internet slang, a troll (/troʊl, trɒl/) is a person who starts quarrels or upsets people on the Internet to distract and sow discord by posting inflammatory and digressive,[1] extraneous, or off-topic messages in an online community (such as a newsgroup, forum, chat room, or blog) with the intent of provoking readers into displaying emotional responses[2] and normalizing tangential discussion,[3] whether for the troll's amusement or a specific gain.
75   MrMagic   2018 Aug 4, 6:42pm  

LeonDurham says
It's funny. Obama created more jobs in his last 18 months than Trump did in his first 18 months.


It's funny, why not do it apples to apples, compare Obama's first 18 months to Trumps first 18.

How much QE has Trump added to economy to get new jobs? Obama added $4 Trillion.
76   MrMagic   2018 Aug 4, 6:44pm  

LeonDurham says
But the sheeple somehow still believe that Trump has helped the economy. lol.


LoL..

77   bob2356   2018 Aug 5, 6:23am  

MrMagic says
LeonDurham says
It's funny. Obama created more jobs in his last 18 months than Trump did in his first 18 months.


It's funny, why not do it apples to apples, compare Obama's first 18 months to Trumps first 18.


If someone really wanted to compare apples to apples, which they don't, then the 18 months before the inauguration would have to be included to see the trend going into the new presidency.
78   MrMagic   2018 Aug 5, 7:05am  

bob2356 says
If someone really wanted to compare apples to apples, which they don't, then the 18 months before the inauguration would have to be included to see the trend going into the new presidency.


Feel free to step up and provide some FACTS, DATA and links, instead of your normal hyperbole.

We'll be waiting...... and waiting....... and waiting....... and waiting......
79   LeonDurham   2018 Aug 5, 7:17am  

MrMagic says

It's funny, why not do it apples to apples, compare Obama's first 18 months to Trumps first 18.

How much QE has Trump added to economy to get new jobs? Obama added $4 Trillion.


I thought the point was obvious. All the Trumpkins claim that Trump has done great things for the economy. If that were the case, I would have expected better job numbers after his election than immediately before his election. But the opposite is the case. Things have gotten worse, despite his tax plan borrowing trillions from future generations.
80   MrMagic   2018 Aug 5, 3:38pm  

TrumpingTits says
Why @Patrick tolerates trolls like you here is beyond me.


TrumpingTits says
LeonDurham says
I think trolling is against the rules here.


Then why are you still allowed to post?


Seriously, it really doesn't get anymore blatant then what Leon posts on a daily basis.
81   MrMagic   2018 Aug 5, 3:40pm  

LeonDurham says
MrMagic says

It's funny, why not do it apples to apples, compare Obama's first 18 months to Trumps first 18.

How much QE has Trump added to economy to get new jobs? Obama added $4 Trillion.


I thought the point was obvious. All the Trumpkins claim that Trump has done great things for the economy.


Nope, not obvious, but it will be as soon as you post Obama's numbers from his first 18 months as a comparison...

We'll be waiting...
82   LeonDurham   2018 Aug 5, 4:02pm  

TrumpingTits says


Then why are you still allowed to post?


Excellent--could you point to the post that you think is trolling?
83   LeonDurham   2018 Aug 5, 4:26pm  

MrMagic says
Nope, not obvious, but it will be as soon as you post Obama's numbers from his first 18 months as a comparison...

We'll be waiting...


No problem--I post data all the time. Here you go:



Trump first 18 months -- 3,432K jobs created
Obama last 18 months-- 3709K jobs created
84   LeonDurham   2018 Aug 5, 4:31pm  

TrumpingTits says
Are YOU FUCKING SERIOUS? No, really? That was a serious question. Especially since a) things are a helluva lot better no matter how you spin things (or try to) and b) he isn't borrowing TRILLIONS. The new econ stats prove that was a bunch of total crap! Larry Kudlow has been vindicated, pal.


Yes, I'm serious. Things are not better. Jobs created is down. GDP is the same. All the tax savings have gone to the 1% in the favor of stock buybacks and bonuses.

And the only reason that revenue is up is Trump gave in to multinational companies and let them bring their money back to the US. Once all the money is back, you can be certain the revenues will be down. And the trillions will be borrowed.
85   MrMagic   2018 Aug 5, 6:18pm  

LeonDurham says
Trump first 18 months -- 3,432K jobs created
Obama last 18 months-- 3709K jobs created


Wow, now let's try this again, but this time, really try to use reading comprehension, OK?

MrMagic says
It's funny, why not do it apples to apples, compare Obama's first 18 months to Trumps first 18.


Leon, do you see the operative word in that sentence, "first". This is how you do an apples to apples comparison.

A "first" and "last" comparison shows absolutely nothing, except that you're just trolling again and being dishonest.

LeonDurham says
Excellent--could you point to the post that you think is trolling?


I just did.
86   MrMagic   2018 Aug 5, 7:09pm  

LeonDurham says
Obama had multiple quarters of 4% growth.

But the sheeple somehow still believe that Trump has helped the economy. lol.




LOL
87   LeonDurham   2018 Aug 5, 7:50pm  

MrMagic says
Leon, do you see the operative word in that sentence, "first". This is how you do an apples to apples comparison.

A "first" and "last" comparison shows absolutely nothing, except that you're just trolling again and being dishonest.


That would be a dumb comparison. If Trump has helped the economy, you'd see a difference in the trend when he took over. The only difference is that Trump has made things worse. MrMagic says


LOL


lol--can you show me where Trump is improving things? Lest you forget, you are the one saying Trump is making things better. I am the one supplying the data proving that he is not.

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