I have no problem with the lower tax rate for
Posted on: December 18, 2018 at 08:32:57 CT
MrBlueSky MU
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businesses. It needed to be done. However, it's problematic in my opinion, when those businesses who are now flush with cash, spend that money predominantly on stock buybacks and executive pay/bonuses. Some firms are raising wages, updating technology, etc., but not at the rate to produce long term expanded growth.
Corporations in the USA got billions in free revenue as a result of the tax cut, but it has not resulted in growth at the rate that was predicted. Also we have an expanding budget deficit that only will get worse.
Edited by MrBlueSky at 08:36:46 on 12/18/18