(Steven Hayward) We’ve seen already the news of the growing number of companies citing the corporate tax cut as the trigger to give bonuses, raises, and announcements of significant new domestic capital investment, which is ruining the Democrats’ day. Show More Summary
Slashing corporate taxes last month was a Republican success. But the wrangling over a shutdown is indicative of the partisan deadlock to come.
(January 19, 2018 04:04 PM, by David Henderson) They might be. Veronique de Rugy of the Mercatus Center has an excellent piece at Reason on the connection, if any, between the recent cut in the corporate income tax rates and the spate of bonuses, pay increases, and increases... (0 COMMENTS)
Bank of America breaks down what could be the most effective use of the additional capital that corporations get from the GOP tax plan. The firm says that mergers and acquisitions is an ideal use, and could hit a record in 2018, while...Show More Summary
The Kansas Corporation Commission is studying how recently enacted federal tax cuts could affect public utilities. The KCC on Thursday announced the general investigation and ordered utilities to track all … Click to Continue »
Sheldon Wolf, the founder and CEO of Spellex Corporation, told FOX and Friends he wanted to “share the wealth” and decided to give $1,000 tax cut bonuses to his employees. Wolf wrote “Trump Tax Cut and Jobs Act” on each check so that his employees understood why they were getting the January bonus. Show More Summary
The corporate tax rate is being slashed to 20% from 35% under the Trump tax plan that took effect this year. Companies are also getting a repatriation holiday to bring cash from foreign entities back home. The cuts are expected to boost...Show More Summary
Natural gas rates in Nebraska may decline this year because of the corporate tax rate cut that Congress approved last year. The Lincoln Journal Star reports Black Hills Energy and … Click to Continue »
(Reuters) - UnitedHealth Group Inc on Tuesday raised its outlook for 2018 earnings per share by more than 16 percent due to the U.S. corporate tax cut and said it will speed up technology investments that aim to cut customer costs.
The new tax law delivers a massive tax cut for corporations. Republicans sold the plan in part with the argument — heavily disputed by critics — that lower business taxes would trickle down through higher wages and be a boon to the middle class. But the law offers a more direct benefit to one seemingly...
The Dow Jones industrial average topped 26,000 in early trading on Tuesday as the fourth-quarter reporting season got into full swing. Investors expect strong earnings, supported by corporate tax cuts and global economic growth. This...Show More Summary
A half century after the assassinations of MLK and RFK, we need their visions. In the age of Trump, who offers us no more than his empty “Make America Great Again,” massive tax cuts for corporations and rich people, an Environmental Protection Agency that quickens environmental degradation, and his...
Donald Trump signed the Tax Cuts and Jobs Act of 2017 late last year. Americans and corporations are feverishly reading news summaries of the bill, trying to figure out how the new bill will affect their taxes. In this post, I will summarize the major provisions of the bills as they apply to medical residents […]
(Steven Hayward) Whoever thought of getting Bill Murray to play Steve Bannon on Saturday Night Live deserves a big raise (which I hear NBC can afford because of the corporate tax cut), though the writing is a bit weak. Oprah and Michael Wolff get in on it too. Enjoy: But for my money, this video of Bruce Lee crossed with Star Wars can’t possibly be topped:
Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay for electricity and natural gas after a federal tax overhaul signed into law … Click to Continue »
Hopes are high, perhaps too high, for earnings after the big corporate tax cut.
Donald Trump's big tax cut bill was, according to the White House, supposed to drive investment and jobs in America. Cut corporate taxes, so the theory goes, and companies will be more willing to invest money in capital and infrastructure,...Show More Summary
This morning, Walmart announced it would provide bonuses of up to $1,000 to its employees. While the one-time payments amounted to just 2% of the windfall the company received from Trump’s corporate tax cut, the company received laudatory coverage on national TV. Meanwhile, a much different story was playing out on local news broadcasts across […]
Thursday morning, Walmart had a flashy announcement: Thanks to corporate tax cuts, it was giving its employees bonuses of up to $1,000. Walmart and President Trump pointed to the announcement as proof that the corporate tax cuts are really a boon to working-class Americans. Great news, as a result of our TAX CUTS & JOBS […]
(Steven Hayward) Further to my post earlier today about how the corporate tax cut is extending benefits immediately to workers and consumers, Yahoo finance has put together a rundown of the 81 companies that have announced bonuses or...Show More Summary