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Thread: How's that tax cut working out for you?

  1. #1
    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    How's that tax cut working out for you?

    Harley-Davidson workers say plant closure after tax cut is like being stuck in a bad dream



    Harley-Davidson workers across the U.S. are reeling after a new report revealed a plant closure and layoffs were planned as the company expected to reap huge financial benefits from the federal corporate tax cut.

    The Milwaukee-based motorcycle manufacturer benefited from the tax cuts enacted Jan. 1, announced cuts of 350 jobs across the company in late January and on Feb. 5 approved a half-cent dividend increase and buyback of up to 15 million shares.

    “We did everything Harley-Davidson asked us to do,” welder Tim Primeaux said in an NBC News interview that aired Wednesday. “To have it all blow up in your face is kind of disappointing.”

    Primeaux has worked at Harley-Davidson’s plant in Kansas City, Missouri, for 17 years.

    When Harley-Davidson announced in January that it would slash 800 jobs upon closing the Kansas City plant by fall 2019, Primeaux said he and other workers were in a state of “shock and awe.”

    “It was like I was in a bad dream, just stuck in it,” Primeaux told the network.

    In May 2017, Harley-Davidson had announced it was adding 118 workers at its Kansas City plant to consolidate Softail cruiser motorcycles and laying off the same number of workers at its Springettsbury Township facility near York, Pa.

    Now with the Kansas City closure, 450 full-time, casual and contractor positions will be added at in Pennsylvania, yielding a loss of 350 jobs overall.

    Days after it announced the plant closure, the company announced the dividend increase that would cost the company about $846,000 and the stock buyback plan that was another expense of $696 million at the time, both to benefit shareholders. That came on the heels of the company’s corporate tax cut from 35 percent to 21 percent and its previous announcement last year that a new motorcycle assembly plant in Thailand would open in late 2018.


    Dividends and stock buybacks. Just like we said would happen.

    All that debt for nothing.
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  2. #2
    Southern Strategy Liberal OldGaffer's Avatar
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    Republicans think we need to just give a little more tax cuts to the 1% and everything will be great.
    Thanks from labrea, BigBob, Blueneck and 2 others

  3. #3
    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    Quote Originally Posted by OldGaffer View Post
    Republicans think we need to just give a little more tax cuts to the 1% and everything will be great.
    Now all the laid off workers who might wind up being eligible for Medicaid and Food Stamps will be told they're "takers" and not "makers" and become part of the opiate crisis.

    There's no stability for American workers anymore. You can't plan your life around a company but it'll rip the rug out from under you at the worst possible time.

    Giving them tax cuts has never worked, why on earth people keep falling for this just fascinates me.
    Thanks from labrea, BigBob and Babba

  4. #4
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by Blueneck View Post
    Now all the laid off workers who might wind up being eligible for Medicaid and Food Stamps will be told they're "takers" and not "makers" and become part of the opiate crisis.

    There's no stability for American workers anymore. You can't plan your life around a company but it'll rip the rug out from under you at the worst possible time.

    Giving them tax cuts has never worked, why on earth people keep falling for this just fascinates me.

    Stockholm Syndrome?
    Thanks from BigBob and Blueneck

  5. #5
    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    Stockholm Syndrome?
    Spontaneous Selective Alzheimer's.

    Kind of a strange world when Hondas are made in the US and Harleys are made overseas.
    Thanks from BigBob and labrea

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    Spock of Vulcan Ian Jeffrey's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    Stockholm Syndrome?
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  7. #7
    Spock of Vulcan Ian Jeffrey's Avatar
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    Quote Originally Posted by Blueneck View Post
    Dividends and stock buybacks. Just like we said would happen.
    It is not simply a matter of "this will happen rather than that." This is what was intended would happen, no matter what was said about it.
    Thanks from Blueneck, labrea, Babba and 2 others

  8. #8
    New Member BigBob's Avatar
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    Quote Originally Posted by Blueneck View Post
    Now all the laid off workers who might wind up being eligible for Medicaid and Food Stamps will be told they're "takers" and not "makers" and become part of the opiate crisis.

    There's no stability for American workers anymore. You can't plan your life around a company but it'll rip the rug out from under you at the worst possible time.

    Giving them tax cuts has never worked, why on earth people keep falling for this just fascinates me.
    You read the evidence wrong, and in the process make anyone who questions why we had such massive intelligence and defense failures look like crackpots. When in reality the entire country should have been asking these questions. In lieu of waving American flags and cheering on NSA spying, the Patriot Act and a multi theater never ending "war on terror". The evidence shows airplanes hitting buildings. It also sows that the US had MAJOR intelligence and defense failures.

    The 9/11 commission was suppose to "get to the bottom" of these failures but was lied to by the CIA, acting head of the Joint Chiefs Of Staff and the head of NORAD. The fact they lied is, well, a fact. The CIA lied about not knowing high level Al Qaeda operatives entered the US, NORAD lied about the timeline and the acting head of the Joint Chiefs Of Staff (who was later put in charge of the CIA) had a pretty lame story as to what he was doing during the attacks. As did the head of NORAD. The evidence shows that at the least these guys are raging idiots. And should not have been promoted. At the worst, it shows, as Richard Clarke said, some people need to be investigated for malfeasance.

    He said the CIA needs to be investigated for malfeasance because leadership/high ranking officers purposely withed the information that the high level Al Qaeda operatives entered the country. I agree with him. I also think General Meyers needed to be thrown out of military/intelligence/politics because of his inaction on 9/11. He was head of the Joint Chiefs Of Staff and couldn't be bothered, during the ENTIRE attacks.....his all important meeting (having nothing to do with 9/11) was more pressing- as multiple planes smashed into NY/Washington. And he didn't get involved with what was going on until well after the last plane hit the Pentagon. In lieu of being reprimanded, or help accountable for retarding the chain of command he was promoted to planning the war in Iraq and placed in various intel positions in charge of national security. Then he retired and got a job at Northrop Grumman.

    General Eberhart, the NORAD commander who was driving around in his car, away from the phone during the whole attacks was promoted to head of space command (NORTHCOM). So, on the biggest attack on American soil, ever, the guy in charge of air defense was driving around in his car cut off from all NORAD communications. And they promoted him. He's retired now and also works for a defense contractor (Jacobs Engineering Group Inc.).

    So two of the men in charge of the FAILED defense on the day of 9/11 were promoted, given metals, put in charge of planning for the war(s) and then given plush jobs for defense contractors when they retired. After heading the biggest defense failures in American history. So not only were their failures on 9/11 not investigated, they were rewarded, to the extreme.

    Lets say I was put in charge of watching a home as a security guard and while I was at work people came to the home I was watching, set it on fire, robbed it and took a crap on the front lawn as they were leaving.... do you think I'd be fired? Or would I be promoted and given a raise? I'd be fired for being incompetent. And a lot of people in the neighborhood, including the home owners, would probably wonder if I didn't let it all happen. Or if I was just a total idiot.

    Meursault form Political hotwire

  9. #9
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    Quote Originally Posted by Ian Jeffrey View Post
    It is not simply a matter of "this will happen rather than that." This is what was intended would happen, no matter what was said about it.
    Nothing was intended. The taxed earned the income. It was their property. This income belongs to them. By taxing less, you're simply leaving the decision with the taxed on how to spend that income.

    If the taxed want to reinvest in their business, that's their decision, if they want to buy stock back or pay dividends, that's their decision. Not only is there nothing wrong with dividends and stock buybacks, they're unequivocally beneficial. Companies should be able to return cash to the company's owners.

    The reason is very simple, just like its important for businesses to be able to invest money in the company, its equally important to let companies to DIVEST money so that money can be used for more highly valued purposes. If a company sees a dearth of profitable growth possibilities, the best thing a company can do is to return any cash to the shareholder/owners. In fact such companies, would be less efficient to the degree they hoarded cash above what was needed.

    Quote Originally Posted by Blueneck View Post
    Giving them tax cuts has never worked, why on earth people keep falling for this just fascinates me.
    The core economic case for tax cuts is that they reduce the obstacles to creative and productive activities.

    Quote Originally Posted by Blueneck from the other thread View Post
    People should be able to avoid paying extra [tariffs/taxes] when imported materials are used in making finished products here in the USA.
    Now reconcile.
    Last edited by publius3; 28th May 2018 at 09:26 AM.

  10. #10
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by BigBob View Post
    You read the evidence wrong, and in the process make anyone who questions why we had such massive intelligence and defense failures look like crackpots. When in reality the entire country should have been asking these questions. In lieu of waving American flags and cheering on NSA spying, the Patriot Act and a multi theater never ending "war on terror". The evidence shows airplanes hitting buildings. It also sows that the US had MAJOR intelligence and defense failures.

    The 9/11 commission was suppose to "get to the bottom" of these failures but was lied to by the CIA, acting head of the Joint Chiefs Of Staff and the head of NORAD. The fact they lied is, well, a fact. The CIA lied about not knowing high level Al Qaeda operatives entered the US, NORAD lied about the timeline and the acting head of the Joint Chiefs Of Staff (who was later put in charge of the CIA) had a pretty lame story as to what he was doing during the attacks. As did the head of NORAD. The evidence shows that at the least these guys are raging idiots. And should not have been promoted. At the worst, it shows, as Richard Clarke said, some people need to be investigated for malfeasance.

    He said the CIA needs to be investigated for malfeasance because leadership/high ranking officers purposely withed the information that the high level Al Qaeda operatives entered the country. I agree with him. I also think General Meyers needed to be thrown out of military/intelligence/politics because of his inaction on 9/11. He was head of the Joint Chiefs Of Staff and couldn't be bothered, during the ENTIRE attacks.....his all important meeting (having nothing to do with 9/11) was more pressing- as multiple planes smashed into NY/Washington. And he didn't get involved with what was going on until well after the last plane hit the Pentagon. In lieu of being reprimanded, or help accountable for retarding the chain of command he was promoted to planning the war in Iraq and placed in various intel positions in charge of national security. Then he retired and got a job at Northrop Grumman.

    General Eberhart, the NORAD commander who was driving around in his car, away from the phone during the whole attacks was promoted to head of space command (NORTHCOM). So, on the biggest attack on American soil, ever, the guy in charge of air defense was driving around in his car cut off from all NORAD communications. And they promoted him. He's retired now and also works for a defense contractor (Jacobs Engineering Group Inc.).

    So two of the men in charge of the FAILED defense on the day of 9/11 were promoted, given metals, put in charge of planning for the war(s) and then given plush jobs for defense contractors when they retired. After heading the biggest defense failures in American history. So not only were their failures on 9/11 not investigated, they were rewarded, to the extreme.

    Lets say I was put in charge of watching a home as a security guard and while I was at work people came to the home I was watching, set it on fire, robbed it and took a crap on the front lawn as they were leaving.... do you think I'd be fired? Or would I be promoted and given a raise? I'd be fired for being incompetent. And a lot of people in the neighborhood, including the home owners, would probably wonder if I didn't let it all happen. Or if I was just a total idiot.

    Meursault form Political hotwire

    Somehow, your post got cross-linked from the Conspiracy Theory Forum.
    Thanks from BigBob and Devil505

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