than our Republican legislators and executive branch.

We shouldn't even be using that term. It just prolongs the lies.

Anyone think your local Mikey D's or Pizza Hut will suddenly add a load of new locations,hire hundreds and pay them $11.00 per hour to start? We have one every few miles as it is,the same could be said for Lowe's and Home Depot as far as adding any new stores.

...go out and buy wheelbarrow loads of stocks so they can live off dividends. Right.

they use the extra cash for executive bonuses and/or dividends and stock buybacks. Those benefit stockholders who are mostly WEALTHY PEOPLE.

Not to mention that much of that capital winds up being hoarded off-shore or invested in international markets and not at home.

That's what I just don't get. If the whole trickle down theory actually worked for the economy as a whole, I'd support it, but it doesn't. It never has. It doesn't work for anyone buy the 1%.

As you know, American corporations are not held accountable for what they do with profits, other than to the stockholders and they otherwise have free reign to do as they damn well please under free market capitalism.

Maybe I was mislead in my youth (60s and 70s), but it seemed to me back then companies on average were smaller and more local, so thereby were held to account as to how they treated associated communities and employees. Nowadays, after all the years of massive M&A throughout American commerce and industry, all the corps are so big and international in scope, they simply no longer care about how they affect working people or their communities.

That, plus Wall Streets' obsession for ever increasing efficiencies, sales and margins keeps companies focused on screwing us out of every red cent. Another factor against most of us is the corporation's and wealthy people's ability to leverage their assets (money begets money), using hundreds of investment vehicles we don't have access to.

They essentially have most of our money and therefore our power.

The wealthy will always be able to weather the storm. Even if they lose massive amounts of their wealth, they are unlikely to end up on the street. But there will be more bankruptcies, which means creditors and contractors will be stiffed, which will beget more bankruptcies.

Fewer homes will be purchased by owner occupants, which will be bad for home values as well as the health of neighborhoods. In high tax states like NY and CA, people will have no choice but to scale down.

Fewer new cars will be sold. People will vacation and eat out less, and buy fewer non-essential items like electronics. They won't upgrade their computers every 2 or 3 years. They'll wait to upgrade software. More will cut the cord with cable and satellite TV. As fewer people shop in stores for clothes and household items, more of the mid-level retailers will close and all their employees will be laid off.

High co-pays and deductibles, for those lucky enough to have health insurance, will keep people from getting necessary medical care. While we have a shortage of experienced nurses and primary care physicians, specialists could see demand for their services go down because it's simply unaffordable.

Our overall economy depends on a STRONG middle class, and that eventually trickles up to the 1%. That's what I don't get about their greed. When our economy was robust in the 50s, 60s and 70s, we still had wealthy people, plenty of them. We just had fewer ULTRA rich because income and wealth were more equitably distrbuted.

I have a feeling 2018 will be a banner year for back slaps and megamillion dollar bonuses in boardrooms. Life is good.. for some.

When you need a lot of business deductions to lower a high tax rate you use the money to create jobs, do R&D, and in general keep the money circulating and doing things. You need to get it off the books so at tax time it can be used as a deduction on your taxes.

With low rates first the amount of business deductions are much less because your tax is less. Also you don't have to do anything with your windfall but dole it out to stockholders or lock it away in a bank where it does nothing for anyone but you.

It works exactly the opposite of what Republicans say.
Low tax rates discourage job creation.

In fact, it is far from my field of competence.

But what you say is really easy to understand and very true :

ANYONE who has studied tax policies in the last 40 years knows as do the citizens of Kansas what happens when the GOP get's their way with tax cuts.

The outcome is ALWAYS the same.

the pukes are honest about the real motivations for this abomination: rewarding donors and setting up the con to go after Social Security, Medicare, and Medicaid, by driving up deficits.

Scum.

I have been calling among others my worthless POS "representative", who's one of the crackpot teabaggers and beyond redemption. He just voted for this thing. Well, asshole, good luck when your tax scam leads to the next big crash. And, think of all those people suffering and dying for lack of medical care while you are going to church and being a bigshot in your religion.

A corporation exists to make money. Period. The only way to regulate their behavior is to regulate their behavior.

Isn't it curious that his twin goals are to increase shareholder equity and decrease the number of shareholders? Funny how that works.

-- Mal

If my local bank got bought out by them I'd be changing accounts tomorrow.

I hope they're not representative of most business leaders out there.

A lot of Americans have 401ks. Most American workers have access to a 401k or something similar. Those that participate will benefit from share buybacks and increased dividends, if that's what these companies do with their tax cut windfalls. And some middle class have small taxable investment accounts, so they'll benefit, too.

You don't have to be rich to have investments. I've had a retirement account for decades (though it was tiny for a long time).

But I'd guess most companies aren't going to use the windfall to plow it back into the business. It's going into their own investment accounts or to give it to shareholders. I don't see how that would grow the economy, though.

Large companies with excess capital like to buy things and increase their profit share.