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The Tax Cuts and Jobs Act of 2017 does not benefit regular people.
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because
score: 7
Most benefits go to the wealthy.
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because
score: 2
Tax cuts encourage stock buybacks.
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because
score: 1
Buybacks benefit shareholders, not workers.
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because
score: 2
Pass through businesses benefit the most.
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because
score: 1
The top 1% of people have 70% of the pass through businesses.
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because
score: 1
Wealthy people own more stock.
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because
score: 1
Administration official said so.
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because
score: 1
Gary Cohn asked CEOs "Why aren't other hands up?"
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- 3 branch
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because
score: 5
Companies are mostly giving bonuses, not pay increases.
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because
score: 3
Bonuses are good PR, but not as good as raises.
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because
score: 1
They're good this year, but no guarantee for next year.
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because
score: 1
Employees are already getting a (temporary) tax cut and their paychecks are getting larger even without a pay raise.
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because
score: 0
A raise would give employees more long term money.
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but
score: 1
A one time bonus is taxed less than a pay increase.
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- 2 branch
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because
score: 1
Most American's receive paychecks and the tax cuts for income is temporary.
- 1 branch
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because
score: 3
Corporations are not leaving because the tax rate is too high.
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because
score: 1
Plenty of companies pay 0% or negative taxes.
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because
score: 1
Effective tax rate in the US is lower than the OECD.
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