(05-02-2018 11:21 AM)Owl 69/70/75 Wrote:  

(05-02-2018 09:56 AM)Machiavelli Wrote:  Rubio is determined not to repeat his mistake. The Economist notes that Rubio's economic ideas "are unclear" still, but one thing he appears to know for sure is that the much-vaunted tax bill his party passed late last year hasn't lived up to the hype:
Mr Rubio's proposal, to double the tax credit to $2,000 per child and pay for it by making a small increase to the corporate rate his party wanted, was decried by some Republicans as socialism. [...] "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," he says. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker." [The Economist]
Rubio did eventually support the bill — in exchange for a "watered-down version" of his child tax credit, The Economist notes, which still "excluded the poorest families." Read more about Rubio's economic plans at The Economist, or read why Rubio is in a particularly difficult position within the GOP here at The Week. Kimberly Alters

OK, so what happened to the proceeds of the buybacks? They had to pay somebody to buy back their stock, right? So what did those people do with the money?

Bottom line--money can only go one of two places, investment or consumption (unless you bury it in your yard in tomato cans). So where did it go?

Do off shore banks count as tomato cans? Hasn't a major complaint for some time been big corporations send their profits out of the country to off shore tax free accounts?
Is there any indication this has changed?

No........


these guys can't even keep their con straight. The people know.

(05-02-2018 12:29 PM)Machiavelli Wrote:  No........


these guys can't even keep their con straight. The people know.

The people know what?

(05-02-2018 12:43 PM)VA49er Wrote:  

(05-02-2018 12:29 PM)Machiavelli Wrote:  No........


these guys can't even keep their con straight. The people know.

The people know what?

covfefe

(05-02-2018 09:55 AM)Machiavelli Wrote:  He knew these tax cuts were skewed massively to the 1% yet he still voted for them. At least he is honest about their effects. Mostly went to stock buybacks.


http://theweek.com/speedreads/770527/mar...an-workers

You mean the people who pay HALF the federal income taxes?

Those who pay the most SHOULD get the most back.

(05-02-2018 11:57 AM)Old Dominion Wrote:  

(05-02-2018 11:21 AM)Owl 69/70/75 Wrote:  

(05-02-2018 09:56 AM)Machiavelli Wrote:  Rubio is determined not to repeat his mistake. The Economist notes that Rubio's economic ideas "are unclear" still, but one thing he appears to know for sure is that the much-vaunted tax bill his party passed late last year hasn't lived up to the hype:
Mr Rubio's proposal, to double the tax credit to $2,000 per child and pay for it by making a small increase to the corporate rate his party wanted, was decried by some Republicans as socialism. [...] "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," he says. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker." [The Economist]
Rubio did eventually support the bill — in exchange for a "watered-down version" of his child tax credit, The Economist notes, which still "excluded the poorest families." Read more about Rubio's economic plans at The Economist, or read why Rubio is in a particularly difficult position within the GOP here at The Week. Kimberly Alters

OK, so what happened to the proceeds of the buybacks? They had to pay somebody to buy back their stock, right? So what did those people do with the money?

Bottom line--money can only go one of two places, investment or consumption (unless you bury it in your yard in tomato cans). So where did it go?

Do off shore banks count as tomato cans? Hasn't a major complaint for some time been big corporations send their profits out of the country to off shore tax free accounts?
Is there any indication this has changed?

I've always loved that line of reasoning regarding "off shore".....

If it's legal to do so, why wouldn't they?

Face it, if you, me, and everyone else here had the chance we'd do the EXACT same thing.

Don't hate the playa, hate the game.

(05-02-2018 10:53 AM)bullet Wrote:  

(05-02-2018 10:39 AM)gdunn Wrote:  I'm not a fan of Rubio. He won me over for like a week when on the presidential campaign trail he stated something to the effect that actions speak louder than words and he always voted yes or no, never present. The next week he voted present. Turned me off of him.

I was never a fan. It was a hit piece in the NY Times, but it pointed out a lot of Rubio's poor judgement, like on his personal spending. I don't think he's very smart. He fell apart vs. Christie and made fun of himself when trying to act like Trump insulting Trump.

My kids and i went a Rubio rally in spring ‘16. Right at the height (or depth) of his “little hands” sick burn routine.

His advance people did a good job, they got an enthusiastic few hundred in some bleacher seats behind for a good backdrop and look. Had some decent warm-up talent and probably an overall walk up crowd of a couple thousand, total. Though most just curiosity seekers as it was on a nice, weekend afternoon and on an open field you could just walk on in.

All that said, rather carnival or State fair atmosphere, seeing a lot of friends and neighbors etc, take pictures with huge American flag draped off the back of the football stadium etc.

Then Rubio showed up to give his well worn stump speech. Cringe worthy.
He did well in the primary, a close second I believe (not looking), so somebody was pulling for him but man.
That one speech and rally just SCREAMED not ready for prime time to me. I felt the whole thing was a bit unfortunate, actually.

(05-02-2018 11:57 AM)Old Dominion Wrote:  

(05-02-2018 11:21 AM)Owl 69/70/75 Wrote:  

(05-02-2018 09:56 AM)Machiavelli Wrote:  Rubio is determined not to repeat his mistake. The Economist notes that Rubio's economic ideas "are unclear" still, but one thing he appears to know for sure is that the much-vaunted tax bill his party passed late last year hasn't lived up to the hype:
Mr Rubio's proposal, to double the tax credit to $2,000 per child and pay for it by making a small increase to the corporate rate his party wanted, was decried by some Republicans as socialism. [...] "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," he says. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker." [The Economist]
Rubio did eventually support the bill — in exchange for a "watered-down version" of his child tax credit, The Economist notes, which still "excluded the poorest families." Read more about Rubio's economic plans at The Economist, or read why Rubio is in a particularly difficult position within the GOP here at The Week. Kimberly Alters

OK, so what happened to the proceeds of the buybacks? They had to pay somebody to buy back their stock, right? So what did those people do with the money?

Bottom line--money can only go one of two places, investment or consumption (unless you bury it in your yard in tomato cans). So where did it go?

Do off shore banks count as tomato cans? Hasn't a major complaint for some time been big corporations send their profits out of the country to off shore tax free accounts?
Is there any indication this has changed?

Perhaps it hasn’t changed, I don’t know.
But go a step further and ask yourself- Why would rational people do such a thing? Why would they choose to send that money elsewhere?

Will raising taxes on those people capable of doing such things encourage or discourage that activity?

Hunh.

(05-02-2018 12:29 PM)Machiavelli Wrote:  No........


these guys can't even keep their con straight. The people know.

(05-02-2018 11:57 AM)Old Dominion Wrote:  

(05-02-2018 11:21 AM)Owl 69/70/75 Wrote:  

(05-02-2018 09:56 AM)Machiavelli Wrote:  Rubio is determined not to repeat his mistake. The Economist notes that Rubio's economic ideas "are unclear" still, but one thing he appears to know for sure is that the much-vaunted tax bill his party passed late last year hasn't lived up to the hype:
Mr Rubio's proposal, to double the tax credit to $2,000 per child and pay for it by making a small increase to the corporate rate his party wanted, was decried by some Republicans as socialism. [...] "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," he says. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker." [The Economist]
Rubio did eventually support the bill — in exchange for a "watered-down version" of his child tax credit, The Economist notes, which still "excluded the poorest families." Read more about Rubio's economic plans at The Economist, or read why Rubio is in a particularly difficult position within the GOP here at The Week. Kimberly Alters

OK, so what happened to the proceeds of the buybacks? They had to pay somebody to buy back their stock, right? So what did those people do with the money?
Bottom line--money can only go one of two places, investment or consumption (unless you bury it in your yard in tomato cans). So where did it go?

Do off shore banks count as tomato cans?

Nope. Because what happens after the money gets to the offshore bank? What does the bank do with it? One of two things—direct investment or loan it to others who invest it. The investment probably takes place overseas, which benefits there instead of here. And by the way those offshore accounts aren’t tax free. They are not taxed here, but they are taxed there. And since the tax rates are lower there, that’s where the money goes. Match them on taxes and we could get that money to stay here instead of going there. That was one objective of the Trump tax cut.

Quote:Hasn't a major complaint for some time been big corporations send their profits out of the country to off shore tax free accounts?
Is there any indication this has changed?

To get it to come here, offer a better after tax ROI.