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#1511337 --- 12/20/17 06:21 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
Timbo Offline
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Registered: 07/18/12
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Loc: CNY
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
Originally Posted By: ThomasDecker
Many, the leftist ThinkProgress reports, are quitting in “disgust.”
You consider this a victory?

Shrinking the government is a victory!

Only a Libertarian would be foolish enough to think that shrinking government will somehow shrink corporate corruption. crazy crazy crazy
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#1511341 --- 12/20/17 06:29 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
Timbo Offline
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America’s Biggest (and only major) Jobs Program... the U.S. Military:

Over 1,400,000 Americans are now on active duty; another 833,000 are in the reserves, many full time. Another 1,600,000 Americans work in companies that supply the military with everything from weapons to utensils. (I’m not even including all the foreign contractors employing non-US citizens.)

If we didn’t have this giant military jobs program, the U.S. unemployment rate would be over 11.5 percent today instead of 9.5 percent.

And without our military jobs program personal incomes would be dropping faster. The Commerce Department reported Monday the only major metro areas where both net earnings and personal incomes rose last year were San Antonio, Texas, Virginia Beach, Virginia, and Washington, D.C. — because all three have high concentrations of military and federal jobs.

This isn’t an argument for more military spending. Just the opposite. Having a giant undercover military jobs program is an insane way to keep Americans employed. It creates jobs we don’t need but we keep anyway because there’s no honest alternative. We don’t have an overt jobs program based on what’s really needed.


https://www.huffingtonpost.com/robert-reich/americas-biggest-jobs-pro_b_679426.html
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#1511344 --- 12/20/17 06:37 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
Timbo Offline
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Registered: 07/18/12
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Loc: CNY

Is military spending good for creating jobs?:

A new study finds, however, that military spending isn't a very efficient way of creating jobs. Economists at the Political Economy Research Institute compared the impact of the government spending $1 billion on the military versus other things like eduation, clean energy and health care.

Their findings:

"Our conclusion in assessing such relative employment impacts is straightforward: $1 billion spent on each of the domestic spending priorities will create substantially more jobs within the U.S. economy than would the same $1 billion spent on the military. We then examine the pay level of jobs created through these alternative spending priorities and assess the overall welfare impacts of the alternative employment outcomes. We show that investments in clean energy, health care and education create a much larger number of jobs across all pay ranges, including mid-range jobs (paying between $32,000 and $64,000) and high-paying jobs (paying over $64,000). Channeling funds into clean energy, health care and education in an effective way will therefore create significantly greater opportunities for decent employment throughout the U.S. economy than spending the same amount of funds with the military.
In other words, spending on social programs not only creates more jobs, but better-paying ones, which also creates positive ripples throughout the economy. Health care and energy conservation create 50% more jobs than military spending; education creates about twice as much, or 100% more."


https://www.facingsouth.org/2011/12/is-military-spending-good-for-creating-jobs.html

--------------

Their findings are in line with what the Institute for Southern Studies found in its analysis of the economic impacts of military spending in North Carolina.

I.S.S. Report:
https://www.nccommerce.com/Portals/47/Pu...th-Carolina.pdf
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#1511351 --- 12/20/17 06:59 PM Re: The Trump defect continues! MORE WHINING! [Re: Timbo]
Formermac Offline
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Registered: 10/22/12
Posts: 14707
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Originally Posted By: Timbo
Originally Posted By: gassy one
You just can't stand the truth can you DUMBO!

Offer some and we'll see.




http://www.msnbc.com/morning-joe/watch/w...a-1120536643768

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#1511355 --- 12/20/17 07:35 PM Re: The Trump defect continues! MORE WHINING! [Re: Formermac]
Timbo Offline
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Registered: 07/18/12
Posts: 14680
Loc: CNY

Great Post, Mac!

Obama did TWICE as well as Trump with the Standards and Poors index in SPITE of the fact that we were digging ourselves out of Bush's shattered economy, the worst since the Great Depression.

Far fewer middle class can afford to invest in the stock market, anyway. Only corporations and the VERY wealthy can actually benefit from Trump's economy.

The fact that Trump has by far, the worst favorability rating of any first-term president in American history, speaks volumes.
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#1511357 --- 12/20/17 07:40 PM Re: The Trump defect continues! MORE WHINING! [Re: ThomasDecker]
Timbo Offline
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Loc: CNY

By a margin of almost 2-1, Americans believe the GOP tax bill is a bad idea:

http://www.msnbc.com/morning-joe/watch/r...l-1120512067977
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#1511368 --- 12/20/17 08:21 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
kyle585 Offline
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Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
if we cut the military in half is that a victory?
No. The Military, creates jobs.
Any government spending is a stimulus. It creates jobs unless it is applied to a full employment situation when it causes inflation. That is what will happen to the 1.5 trillion dollar tax cut passed today by congress.
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#1511369 --- 12/20/17 08:27 PM Re: The Trump effect continues! MORE WINNING! [Re: Timbo]
ThomasDecker Online   happy
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Registered: 08/17/16
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Originally Posted By: Timbo
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
Originally Posted By: ThomasDecker
Many, the leftist ThinkProgress reports, are quitting in “disgust.”
You consider this a victory?

Shrinking the government is a victory!

Only a Libertarian would be foolish enough to think that shrinking government will somehow shrink corporate corruption. crazy crazy crazy


The conversation is about cutting the government, master Timbo!
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#1511370 --- 12/20/17 08:30 PM Re: The Trump effect continues! MORE WINNING! [Re: kyle585]
ThomasDecker Online   happy
Senior Member

Registered: 08/17/16
Posts: 5485
Loc: GreatAwakening
Originally Posted By: kyle585
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
if we cut the military in half is that a victory?
No. The Military, creates jobs.
Any government spending is a stimulus. It creates jobs unless it is applied to a full employment situation when it causes inflation. That is what will happen to the 1.5 trillion dollar tax cut passed today by congress.



Quote:
Any government spending is a stimulus


Yeah, I remember the economy tanking after Mr. Obama's Stimulus Package.
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#1511376 --- 12/21/17 02:23 AM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
Timbo Offline
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Registered: 07/18/12
Posts: 14680
Loc: CNY
Originally Posted By: ThomasDecker
The conversation is about cutting the government

Hey, if the trickle-down fits...
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#1511381 --- 12/21/17 06:17 AM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 14707
Loc: Above ground
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
if we cut the military in half is that a victory?
No. The Military, creates jobs.
Any government spending is a stimulus. It creates jobs unless it is applied to a full employment situation when it causes inflation. That is what will happen to the 1.5 trillion dollar tax cut passed today by congress.



Quote:
Any government spending is a stimulus


Yeah, I remember the economy tanking after Mr. Obama's Stimulus Package.



Strange how history records it as the start to what liar in chief takes credit for, the economic boom the country is experiencing as we speak.
We can't make stuff up but are relegated to facts. Take note Sir, that why I'm staying away from your cartoons and memes, solely for that FACT.

https://www.nytimes.com/2014/02/23/opinion/sunday/what-the-stimulus-accomplished.html


https://www.washingtonpost.com/news/fact...m=.0e819c4ea1d3

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#1511420 --- 12/21/17 04:15 PM Re: The Trump effect continues! MORE WINNING! [Re: Timbo]
ThomasDecker Online   happy
Senior Member

Registered: 08/17/16
Posts: 5485
Loc: GreatAwakening
Originally Posted By: Timbo
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
Originally Posted By: ThomasDecker
Many, the leftist ThinkProgress reports, are quitting in “disgust.”
You consider this a victory?

Shrinking the government is a victory!

Only a Libertarian would be foolish enough to think that shrinking government will somehow shrink corporate corruption. crazy crazy crazy


And only a communist would think growing the government, and nationalize corporations would promote economic growth...its working so well in Venezuela.
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#1511424 --- 12/21/17 05:03 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
Originally Posted By: ThomasDecker
And only a communist would think growing the government, and nationalize corporations would promote economic growth...its working so well in Venezuela.
They have a dictator much like Trump would like to be someday and may be if we are not careful.

http://www.latimes.com/opinion/topoftheticket/la-na-tt-venezuela-democracy-20170801-story.html

And for American political leaders, as well as the wielders of financial and corporate power, it should be noted that Venezuela’s problems began with a failure to address the country’s extreme wealth gap. Until the current troubles reached a crisis point, Caracas was a vibrant, modern city, home to a large, healthy middle class and a very fortunate upper crust of wealthy families. But on the hills surrounding the city a vast barrio of desperately poor people seethed with resentment. Those resentments produced Chavez and, now, Maduro.

The Venezuelan political and economic elite failed to address the inequities and disconnections in their country and now every Venezuelan is being brought low. Growing social disaffection in the United States already helped elect Donald Trump to the presidency and the rips in the seams of our democracy run in every direction. If they are not repaired, Trump’s follies may be only the start of the unraveling.

Let Venezuela’s agony be a reminder: It can happen anywhere.
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#1511430 --- 12/21/17 10:45 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
ThomasDecker Online   happy
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#1511434 --- 12/22/17 03:09 AM Re: The Trump effect continues! MORE LOSING! [Re: ThomasDecker]
kyle585 Offline
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Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
https://www.politico.com/story/2017/12/21/2018-midterms-republicans-trump-warning-312404

Republicans warn Trump of 2018 bloodbath

The White House knows the midterm election will probably be bad. Behind the scenes, top aides are scrambling to avoid the worst.

By ALEX ISENSTADT 12/21/2017 09:55 PM EST

A few weeks before Alabama's special Senate election, President Donald Trump’s handpicked Republican National Committee leader, Ronna Romney McDaniel, delivered a two-page memo to White House chief of staff John Kelly outlining the party’s collapse with female voters.

The warning, several people close to the chairwoman said, reflected deepening anxiety that a full-throated Trump endorsement of accused child molester Roy Moore in the special election — which the president was edging closer to at the time — would further damage the party’s standing with women. McDaniel’s memo, which detailed the president's poor approval numbers among women nationally and in several states, would go unheeded, as Trump eventually went all-in for the ultimately unsuccessful Republican candidate.

The backstage talks provide a window into how those closest to Trump are bracing for a possible bloodbath in the 2018 midterms, which could obliterate the Republican congressional majorities and paralyze the president’s legislative agenda. The potential for a Democratic wave has grown after Republican losses this fall in Virginia, New Jersey and Alabama, and as the president’s approval ratings have plummeted to the 30s.
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#1511449 --- 12/22/17 02:03 PM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
cwjga Offline
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FRANKENSTEIN STRIKES: More Companies Announce Bonuses, Wage Increases and Expansion, Thanks to Tax Reform
Guy Benson

If this destructive misery continues apace, I'm not sure there will be a single American still alive by the end of the holiday season. You've heard the terrible news about Boeing, Fifth Third Comcast, Wells Fargo, AT&T -- all of which are celebrating passage of the tax reform bill by some combination of paying out bonuses to non-executive employees, expanding their businesses, stepping up charitable investments, and raising their hourly wage. The Washington Post also chronicles CVS' pledge to hire 3,000 workers into permanent new jobs. But the devastation doesn't end there. Texas:

Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America, today announced that as a result of recent tax reform legislation, it will provide a one-time $1,000 gift to its approximately 6,600 employees in the United States. “We believe tax reform to be beneficial for Rush Enterprises, our communities and overall economic growth,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of Rush Enterprises, Inc. “We are happy to take this step to invest in our employees and honor their important contributions to our company with this $1,000 gift,” he added. The $1,000 discretionary bonus will be paid to all Rush Enterprises, Inc. employees once the President signs the tax reform bill into law.

Idaho:

FRANKENSTEIN STRIKES! CEO of Idaho company: "We’re going to have some more dollars to spread around. That money should go to the people who built the company.” Bonuses to employees, averaging $800. https://twitter.com/AriFleischer/status/944216916482318344

9:47 AM - Dec 22, 2017
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Wisconsin:

View image on Twitter
View image on Twitter

Jim Geraghty
&#10004;
@jimgeraghty
More Armageddon: "Associated Bank said Thursday it will boost its minimum hourly wage to $15 and pay workers a $500 bonus when the recently passed federal tax reform is signed."http://bit.ly/2zgRJ0i

9:01 AM - Dec 22, 2017
13 13 Replies 152 152 Retweets 246 246 likes
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Hawaii:

Royal Hawaiian Heritage Jewelry has been in business for about 40 years. And owner Jackie Breeden is hoping a sweeping tax overhaul approved by Congress and headed to the president's desk will help her expand operations beyond her stores at Pearlridge Center and on Bishop Street, and a single neighbor island outlet in Kona..."I'm from Kauai so I would like to open up a shop back on the island of Kauai and on the west side of Honolulu as well, and be back in Maui. Before we were on all the islands," she said.

Jim Geraghty's post tracking "Armageddon" also notes that elements of the Australian business community are starting to grow concerned about America's newfound global competitiveness, and also highlights a Reuters report that explains why some of the higher-income itemizers in high-tax blue states who are worried about the loss of some state and local tax (SALT) deductibility may have less to fear than they thought. Why? Another provision in the reform package will act as a policy counterweight:

The U.S. tax overhaul is a boon to Silicon Valley technology companies like Apple Inc and Alphabet Inc, which will enjoy big tax cuts and the chance to bring back billions of dollars from overseas at a reduced rate. And contrary to the dire warnings of California officials, a large swath of Bay Area workers and their families stand to get a tax break as well, even with new limits on state and local tax deductions. California has the highest state income tax in the nation, and Governor Jerry Brown has called the new tax bill “evil in the extreme”...Nonetheless, many in Silicon Valley stand to benefit. Startup employees, freelancers and venture capital investors are among those who will get new tax benefits or keep those they already have, tax experts said. Even some of the middle- and upper-income professionals who form the core of the technology industry workforce will still get significant tax cuts, while most others will see little change, they said. The new $10,000 cap on state and local tax deductions will have a less dramatic effect than feared because such deductions in many cases had already been rendered moot by the alternative minimum tax (AMT), a mechanism for assuring that the well-heeled pay at least 26 percent of their income in taxes.

The story quotes a tax professional who sets the record straight: “There is a lot of noise about workers in California, New Jersey, New York and Illinois (facing higher taxes), but 80 percent of our clients there were already paying the alternative minimum tax so they don’t benefit from the state and local deductions,” he said, pointing out that the GOP bill changes the AMT to greatly reduce the people who owe it: "The new law alters the AMT in a way that vastly reduces the number of people who have to pay it, from more than 5 million to an estimated 200,000 next year, according to the Tax Policy Center. The AMT dynamics, combined with reduced overall tax rates and the doubling of the standard deduction to $24,000 should hold most Bay Area tax bills steady." By the way, Apple and Google -- both mentioned in the Reuters piece -- are infamously liberal bastions. They are directly benefiting from the tax bill passed by a party they dislike. Will they follow other big companies' lead by announcing bonuses for employees, higher wages, expanded workforces and other meaningful reinvestments? I'm sure they're not eager to hand the Trump administration a PR win, but will they at least acknowledge the benefits of the new law? All we've heard so far is a "vague pledge" to hire more Americans from Apple. I'll leave you with my upbeat assessment of our national apocalypse:



FOX Business
&#10004;
@FoxBusiness
.@guypbenson: "When you call something Armageddon and the apocalypse, and then 80% of Americans get a tax cut... Armageddon's going pretty well."

8:36 AM - Dec 22, 2017
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How much longer must we endure this torture?

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#1511450 --- 12/22/17 02:22 PM Re: The Trump effect continues! MORE WINNING! [Re: cwjga]
cwjga Offline
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Here’s a List of Companies Giving Worker Bonuses After Tax Reform
Katie Pavlich

President Donald Trump signed The Tax Cuts and Jobs Act Friday morning from the Oval Office, officially delivering on his promise to give Americans a tax cut just in time for Christmas.

But big corporations, which just saw a slash in their rate from 35 to 21 percent, didn't wait until today to deliver results of the bill to their workers. Bonuses and pay increases have been announced throughout the week after the House passed the final version on Wednesday afternoon.

IN OTHER NEWS
Ryan: ‘This is a good day for America’
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The list of companies keeps growing, but here's what we have so far.

Comcast, which owns NBC:


Brian Stelter
&#10004;
@brianstelter
Journalists at NBC/MSNBC are among the Comcast employees getting $1,000 bonuses "based on the passage of tax reform and the FCC's action on broadband." (http://bit.ly/2BTnOAF ) https://twitter.com/realDonaldTrump/status/943819430735372289

7:30 AM - Dec 21, 2017
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AT&T

The telecom giant said Wednesday that more than 200,000 of its employees, including union-represented and non-management workers, will be eligible for a $1,000 bonus. The checks will be in the mail in time for the holidays if Trump finalizes the tax bill with his signature before Christmas. AT&T (T) also said it will invest $1 billion more than expected in the U.S. in 2018, once the cuts are final.

Boeing

The aerospace and defense company immediately announced $300 million in investments after the bill passed, with $100 million toward corporate giving including employee gift-match programs, $100 million toward workforce development, training and education and $100 million toward enhancing Boeing’s workplaces.

Wells Fargo

Wells Fargo, the San Francisco bank that has been hurt by a scandal involving the opening of 3.5 million unauthorized client accounts, also said it would boost its minimum wage to $15 per hour, an 11% increase from its current hourly rate of $13.50, once the law was passed. The pay raise will go into effect in March 2018, the company said.

Fifth Third Bancorp



Fifth Third Bank to give bonuses, raise minimum wage after tax bill passage from CNBC.

Washington Federal

Seattle-based banking company Washington Federal said it would give 5?percent merit increases to all employees earning less than $100,000 annually, as well as invest in employee training and technology upgrades, and make a $5 million contribution to its main philanthropy foundation.

Sinclair

Sinclair Broadcast Group announced Friday it would pay a $1,000 bonus to almost 9,000 of its full-time and part-time employees after the recent passage of the GOP tax bill.

The broadcast giant, which is awaiting approval from the Federal Communications Commission (FCC) for its proposed $3.9 billion purchase of Tribune Media, said in a statement it was “grateful" for the passage of the bill.

“We recognize that our employees are our most valuable resource, truly appreciate their combined achievements for our Company and look forward to a very bright future,” Sinclair President and CEO Chris Ripley said in a statement.

President Trump praised a number of companies Friday morning before heading off to Mar-a-Lago for Christmas and a New Year's celebration next weekend.

"One of the big things that happened -- you have some companies. I want to thank AT&T, who actually was the first out of the box, and Boeing, and Sinclair, and Wells Fargo, and Comcast -- even though they own NBC, which is not so nice to the presidency or the President. But Comcast also," Trump said. "They all have made tremendous contributions to their employees and tremendous contributions to spending money on this country because of the tax bill. And they all said it's because of the tax bill. So they're making tremendous investments. That means jobs; it means a lot of things. And we're very happy. So that's AT&T, Boeing, Sinclair, Wells Fargo, Comcast, and now many other companies who you see. In fact, just this morning, I see three more companies came on."

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#1511454 --- 12/22/17 04:40 PM Re: The Trump effect continues! MORE WINNING! [Re: cwjga]
Rich_Tallcot Offline
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Registered: 01/19/03
Posts: 5570
Loc: Greeneville, TN
If you like your money, you can keep your money.

The President signed the tax bill before Christmas so it will take effect in 2018. Merry Christmas.

The Congressional Budget Office released a truncated estimate late Friday for the revised Senate tax bill, finding it would amount to a tax cut of just under $1.5 trillion over 10 years. That finding enables the bill to pass under Senate rules for the budget reconciliation process.

Mr. Corker voted against the bill, the only Republican senator to object to the legislation. We blasted him for years as being a RINO and he is not running for office next year.

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#1511639 --- 12/30/17 08:53 AM Re: The Trump effect continues! MORE WINNING! [Re: ThomasDecker]
ThomasDecker Online   happy
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#1511645 --- 12/30/17 09:31 AM Re: The Trump effect continues! MORE WINNING! [Re: Rich_Tallcot]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
Originally Posted By: Rich_Tallcot
Mr. Corker voted against the bill, the only Republican senator to object to the legislation. We blasted him for years as being a RINO and he is not running for office next year.
https://www.bostonglobe.com/opinion/2017...SSlM/story.html

By Michael A. Cohen Globe Columnist December 19, 2017

Bob Corker got his hand caught in the cookie jar.

Two weeks ago, the Tennessee Republican was the only GOP senator to vote against the party’s deficit-busting $1.5 billion tax cut. At the time, Corker claimed that his “guiding principle” as a senator is concern about “the rapidly growing $20 trillion national debt . . . on our children and grandchildren” and, as a result, he couldn’t vote for a bill that he said “could deepen the debt burden on future generations.”

On Friday, however, Corker abruptly changed his tune. Even though the latest version of the tax bill does nothing to address Corker’s deficit concerns, he announced that he was switching his vote from nay to yea. According to the Tennessee Republican, he could not pass up a “once-in-a-generation opportunity to make US businesses domestically more productive and internationally more competitive.”
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Considering his “principled” opposition to increasing the federal deficit, it was hard to see the logic of Corker’s about-face — that is, until we found out Corker would personally profit from the legislation. At the last minute, a provision was inserted into the GOP tax bill giving a generous tax break to real-estate related pass-through corporations and partnerships. As chance would have it, Corker happens to have significant holdings in companies that would benefit from this change. In fact, Corker made between $1.2 million and $7 million last year from such income, which means this late addition to the GOP tax bill could net Corker close to $1.2 million in tax savings.
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