Welcome to the TeamstersOnline.com.
Thanks Thanks:  0
LOL LOL:  0
Results 1 to 3 of 3
  1. #1
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,260
    Rep Power
    298

    Default Will a Corporate Tax Cut Lift Worker Pay? A Union Wants It in Writing.

    https://www.nytimes.com/2017/11/23/u...ors_picks=true

    At the heart of the Republican tax plan hurtling through Congress is an implicit promise that cutting corporate taxes will lift the middle class through higher wages and more jobs.

    Speaker Paul D. Ryan, for example, said in a recent speech that “fixing the business side of our tax code is really all about helping families and workers,” adding that “cutting the corporate tax rate means more jobs here in the United States. It will foster increased competition, which will directly drive up wages for our workers.”

    Yet few American companies have offered specific plans that support those promises....

    The lack of pledges to create jobs has not been lost on President Trump’s top economic adviser, Gary D. Cohn, who seemed perplexed last week about the lack of corporate enthusiasm for a tax cut.

    At a Wall Street Journal conference, Mr. Cohn asked his audience of chief executives how many of them would invest more if the tax cut were passed. When only a few attendees raised their hands, Mr. Cohn asked: “Why aren’t the other hands up?”
    How about they try a "trickle up" theory since the trickle down one didn't work the first time and never will.

  2. Likes 222lifer, slavenomore, fxstc07 Liked this post
  3. #2
    On A Mission

    Join Date
    Oct 2009
    Local Union
    N/A
    Employer
    N/A
    Posts
    14,260
    Rep Power
    930

    Default Re: Will a Corporate Tax Cut Lift Worker Pay? A Union Wants It in Writing.

    I agree with that.....wages have been in decline since Reagan.....that to me means it will shift into overdrive.

    Competition will increase wages says lying Paul Ryan. Competition brings dow. prices which brings down wages....Truth is that competition doesnt even bring down prices all the time... but when business is given power....they screw workers AND consumers.

  4. #3
    On A Mission

    Join Date
    Oct 2009
    Local Union
    N/A
    Employer
    N/A
    Posts
    14,260
    Rep Power
    930

    Default Re: Will a Corporate Tax Cut Lift Worker Pay? A Union Wants It in Writing.

    Paul Ryan must've been a used car salesman before going into politics....maybe he's selling a bunch right now that just got pulled from underwater in the Florida and Texas hurricanes.

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •