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<blockquote data-quote="Box Ox" data-source="post: 4156962" data-attributes="member: 48469"><p>If only the Republicans had sold the $1.5 trillion unfunded tax cut to the public that way, eh? "We're giving corporations and the wealthy this money so they can buy into the market at cheaper prices after the next downturn!"</p><p></p><p>From January:</p><p></p><p><a href="https://www.nbcnews.com/business/economy/1-5-trillion-tax-cut-had-no-major-impact-business-n963411" target="_blank">$1.5 trillion tax cut had no major impact on business spending</a></p><p></p><p>"The Trump administration's $1.5 trillion tax cut package appeared to have no major impact on businesses' capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the tax code in more than 30 years.</p><p></p><p>The National Association of Business Economics' quarterly business conditions poll, published on Monday, found that while some companies reported accelerating investments because of lower corporate taxes, 84 percent of respondents said they had not changed plans. That compares to 81 percent in the previous survey published in October.</p><p></p><p></p><p>The White House had predicted that the massive fiscal stimulus package, marked by the reduction in the corporate tax rate to 21 percent from 35 percent, would boost business spending and job growth. The tax cuts came into effect in January 2018.</p><p></p><p>"A large majority of respondents, 84 percent, indicate that one year after its passage, the corporate tax reform has not caused their firms to change hiring or investment plans," said NABE President Kevin Swift."</p></blockquote><p></p>
[QUOTE="Box Ox, post: 4156962, member: 48469"] If only the Republicans had sold the $1.5 trillion unfunded tax cut to the public that way, eh? "We're giving corporations and the wealthy this money so they can buy into the market at cheaper prices after the next downturn!" From January: [URL='https://www.nbcnews.com/business/economy/1-5-trillion-tax-cut-had-no-major-impact-business-n963411']$1.5 trillion tax cut had no major impact on business spending[/URL] "The Trump administration's $1.5 trillion tax cut package appeared to have no major impact on businesses' capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the tax code in more than 30 years. The National Association of Business Economics' quarterly business conditions poll, published on Monday, found that while some companies reported accelerating investments because of lower corporate taxes, 84 percent of respondents said they had not changed plans. That compares to 81 percent in the previous survey published in October. The White House had predicted that the massive fiscal stimulus package, marked by the reduction in the corporate tax rate to 21 percent from 35 percent, would boost business spending and job growth. The tax cuts came into effect in January 2018. "A large majority of respondents, 84 percent, indicate that one year after its passage, the corporate tax reform has not caused their firms to change hiring or investment plans," said NABE President Kevin Swift." [/QUOTE]
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