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Vinca

(54,071 posts)

2. There's no reason at all a company would use their new pile of cash to hire American workers.

Reply to HughBeaumont (Original post)

Mon Dec 4, 2017, 09:09 AM

Dec 2017

They might bring their corporate offices back to the U.S. to take advantage of the new tax policies, but they are unlikely to pay an American worker $15 an hour if they can hire a worker somewhere in the world for $15 a week. There's no penalty for outsourcing - companies can still deduct the cost of closing a plant to move production overseas.

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Highlight:

The real reason Wall Street is euphoric over the tax plan (CNN) - [View all] HughBeaumont Dec 2017 OP

Crash the economy Iliyah Dec 2017 #1

There's no reason at all a company would use their new pile of cash to hire American workers. Vinca Dec 2017 #2

The value of my stocks will rise, because the after-tax net income of the underlying companies ... dawg Dec 2017 #3

How many times must we go through this before the Repubs figure it out? Frustratedlady Dec 2017 #4

The repubs have it figured out YessirAtsaFact Dec 2017 #6

And all the talk about the tax cut helping the rich is overlooking... rgbecker Dec 2017 #5

THEY NEVER HAVE !! Companies focus on shareholders not employees uponit7771 Dec 2017 #7