Monday 25 December 2017

The Corporate Tax-Cut Dividend - WSJ

Merry Christmas to US workers!
I'm agnostic on the tax cuts as I don't enough about them. And the commentary is irredeemably partisan. All good to republicans and all bad to democrats.
But one thing no one seems to have been expecting. That major companies would hand out $US 1,000 cheques for Christmas as a direct result. Or that they would up the minimum wage to $15/ hr, a figure the likes of Bernie Sanders have called for.
But the democrats led by Nancy Pelosi and Chuck Schumer are incensed anyway.
Says the Journal:
If Nancy Pelosi ever did anything in her political career that produced this result from corporations, she'd be dancing down the aisles of the House of Representatives in a Santa Claus suit. Instead, the Democrats are dripping bile on the entire bill. "There are only two places where America is popping champagne," said Sen. Schumer, "the White House and the corporate board rooms."