(3 hours ago)UniqueStranger Wrote: What are the common American people saying about the tax breaks? Did they make any difference to their lives?
"Only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers."
One only has to dig a little deeper to find the truth.
Notice the above spin move qualifier
. Because wages rose 3.9% in just the last month after a large increase the previous month. Whether the raise was announced as being due to the tax cut or not, the reality is that it is
the tax cut driving the increases.
Wages generally are 10% of a business's expense, at least in many businesses. So it makes perfect sense that a business would allocate 11% to wage increases.
Stock buybacks can help a company to grow in size by increasing its ability to borrow due to the increase in share value. A bigger company hires more staff and buys more things which results in other companies profiting more and hiring more.
IOW, we dug a little deeper like you asked and found the truth.