Trump handed big business a massive tax cut, and all he got in return was embarrassment - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Opinion: Trump handed big business a massive tax cut, and all he got in return was embarrassment. By lopezlinette.

One would think after Trump handed his friends in corporate America a big tax windfall they would return the favor and contribute substantially to US economic growth; but instead there was almost no boost in investment despite the fact that a study from theA swarm locusts, a plague of frogs

To add insult to injury, it isn't just that big business took its gains from the tax cut and didn't reinvest them in the US economy, it's that it took them and decided those gains weren't nearly enough. The moment the tax law was passed corporate America started demanding even more tax benefits from the Trump administration, according to a report fromFirst you have to understand that, in theory, the law represented something of a deal between the government and corporate America.

But again, that deal wasn't enough for corporates. After the tax law passed in 2017 their lobbyists descended on the US Treasury like a biblical plague. You see, while Congress had written the new law, the Treasury had to write the rules for actually implementing the tax changes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

5TrillionOnions lopezlinette मे बताता हूँ इन्हे दुसरो को ग्यान देने मे मजा आता है आज ये शुद्र है सरकारी योजनाओं का लाभ लेने के लिये कल ये मिशनरी बन जाएंगे पैसो के लालच मे फ़िर ये मीम बन जयेगे अपनी हबस के लिये फ़िर ये बौद्ध बन जायेगे पर सिर्फ़ एक चीज कभी नही बदलेगी ये सरकारी फ़ोर्म के कोलम मे सिर्फ़ हिन्दु

lopezlinette This is totally wrong

lopezlinette Wrong

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US allies' response to Trump Iran attack shows him alone on world stage - Business InsiderThe United States' traditional allies have refused to give their full backing to Trump's strike against Iranian Maj. Gen. Qassem Soleimani. Funniest thing is Trump will be more furious with the picture than losing allies lol No not really. But you have a narrative to sell. As Democrats waste their time harassing President Trump, President Trump is killing the world’s most dangerous terrorists. FourMoreYears TrumpPence2020
Source: BusinessInsider - 🏆 729. / 51 Read more »

Soleimani fought Trump with 'Game of Thrones' memes before airstrike - Business InsiderBefore the Iranian Major General Qassem Soleimani got his Instagram account suspended, he posted memes in retaliation to Trump's. Fought each other with memes? Are you 12?🤦🏽‍♂️ Hmmm...meme...missile, meme orrrr missile. I think I know which one was more effective. Seems the SANCTIONS is working just fine.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tucker Carlson ripped Republicans for Iran conflict, not Trump - Business InsiderFox News host Tucker Carlson questioned why some elected officials are promoting military acts against Iran instead of focusing on internal problems. Maybe he has sons and daughters or nieces and nephews.... he know that they may be drafted but not trumps sons or daughters
Source: BusinessInsider - 🏆 729. / 51 Read more »

Soleimani's body arrives in Iran as Trump issues new threats - Business InsiderGeneral Qassem Soleimani's body arrives in Iran as Trump issues new threats to target 52 Iranian sites 'VERY FAST AND VERY HARD' Quds Soleimani BIGGEST weapon against realDonaldTrump & the U.S People Is our own politics. What a perfect time to provoke our country when our slip is showing with this impeachment. The old tap you on the shoulder point to the other guy trick. CNNPolitics cnnbrk You know back in the day America stood up to terrorists like Solameini and the Iranians. These hippies who wine about Iran would be eaten alive in the Middle East. They don’t know how good they have it. Sips Bluster!
Source: BusinessInsider - 🏆 729. / 51 Read more »