“84% of stocks are held by the wealthiest 10% of households” What about mutual funds held in retirement accounts?
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That includes mutual funds. Nearly half of all households have nothing saved for retirement.
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The $200b goes to shareholders who either reinvest in other companies or spend the $. Either way it stimulates the economy.
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It goes into a t-bill now that rates are over 3% and we need $1.5 trillion to make up for the tax cut.
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To give some scale to $200 Billion, that’s 2.67 million people making $75,000 in a year. Or 533,333 people making that for 5 years. So much for creating jobs. And no, the wealthy are not suddenly going to buy more houses and cars. They’ve got that already.
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Haven’t seen a dime
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Corporations don't pay taxes, they collect taxes via higher prices for Govt from the poor & middle class, so tax cuts mean at least price restraint in increasing prices if not price decreases both of which help the poor & middle class
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People.
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Well, that was an unexpectedly fluffy article when the answer is so easy - and unflattering to the
#TrumpTax cut.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Why is this even a question?
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@realDonaldTrump#TrumpFamilyScamBill benefits the rich, they are manipulating the stock market, by buying their stocks back. - 1 more reply
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Republicans knew who will benefit from tax scam bill but pretended otherwise and now you are feigning surprise?
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Duh!!!!
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Of course they are. The
#MAGA@SenToomey#TaxBillScam was designed to do this. Regular folks who got in line behind Trump and this corporate giveaway got taken for a ride.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Alex “I’ll take how can the
@GOP F*** the middle class and score big
for 200 Billion”Thanks. Twitter will use this to make your timeline better. UndoUndo
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