The 2017 Tax Cuts and Jobs Act didn’t trickle down. Notice how those tax breaks didn’t incentivize any of these corporations to lower prices? Corporate tax cuts don’t lower costs.

15 comments

1. People who voted for Trump again still hoping.

2. They were never meant to. Golden shower economics is a 100 year old a ruse. Corporations by law are beholden to their investors and released from liability to the public.

3. This is known

4. Pointing out something everyone already knows is pointless.

   It’s about vibe. That and hating on trans kids. It took 10 years but new the country thinks 20% of Americans are trans. They’re absolutely terrified. They honestly believe the school nurse is gonna cut their grandkid’s dick off and make them poop in a litter box.

5. 16 companies? Let’s look at 16000

   Prices being lowered? No prices represented in this screenshot.

   Costs not lowered? Please see tax column where it shows the lowered costs.

   Corp tax cuts will lower prices! An assertion without evidence.

   Corp tax cuts will not lower prices! An assertion without evidence.

   Evidence is required for both.

6. Good ol’ ITEP spreading more misinformation about what an effective tax rate is.

   You’re correct that lowering taxes doesn’t result in lower prices, but that doesn’t mean that the corporate rate cut was a bad thing

7. Okay…and now, let’s see the prices being charged to consumers at all of these establishments during those same two time periods.

   This data does not reflect retail prices increasing or decreasing for the consumers.

   Lower taxes would expect higher profits.
   Lower prices + more new customers would expect higher profits.
   Lower prices + the same customers purchasing more items during their visits would expect higher profits.

   More data is needed.

8. I’ll never forget during Trump’s first administration, when they were promoting Trump‘s tax cuts and saying they would pay for themselves, Steve Mnuchin or some other spokesperson, was talking to a group of corporations and wealthy CEOs. And he asked them for a show of hands of who was planning to use the tax cuts to hire more staff and expand business. And there was crickets coming from the audience.

   Of course, Trump’s tax cuts did not pay for themselves. Corporations used the tax cuts to significantly increase their wealth while buying back more stock. The tax cuts also significantly increased our national debt.

   After five decades of failed trickle down theory, the rich are not going to trickle down their generosity. I have hope that someday people will understand this.

9. They charge “whatever the market will bear”.

   If their costs are reduced by lower taxes or otherwise, they will lower their prices only if they deem it necessary and won’t if not.

   They know this.

10. I bet the board and c suites folks enjoyed that ride while it lasted.

11. Who said trickle down was the goal?

    The tax cuts lowered the amount of money the average Joe would owe come tax time.

    If you remove the Trump tax cuts, we will start paying more at tax time.

12. Trickledown has never worked. Billionaires don’t go bowling. Local spending drives real GDP growth.

13. You will never help the economy by giving money to people who don’t need it and simply want it.

    This is a general fact that will always be true within the norm.

    Giving money to people who actually need it however will cause that spend to be worth more for a society at the end of the day.

    Unfortunately the people who keep giving these tax cuts do it because they are giving it to themselves.

    Humans are greedy and will try to abuse any idea that works on paper. This includes capitalism.

14. Exactly.

15. The way I know for a fact we’ll get the Fed gobbling up gov debt again and ballooning inflation is that we blame inflation on anything but the Fed gobbling up junk debt.

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