FedEx tells share holders tax cut will grow business

This is an important prediction because FedEx is reliant on the growth of other businesses and the economy in general for it's business. They are estimating an extra 1.3 billion dollars in earnings due to the tax cuts. Way to go Republicans!

"Intriguingly, FedEx also gave a third guidance range that reflects the effect of the tax cut Republicans are trying to pass. It's one of the few companies I've seen try to parse the legislation's earnings impact, and the benefits are major: the tax bill would add an estimated $4.40 to $5.50 to FedEx's fiscal 2018 adjusted EPS. To put that in context, that's an extra $1.3 billion in earnings at the midpoint of the range, based on the company's shares outstanding as calculated by Bloomberg."

"Good Grades
FedEx climbed in after-hours trading after reporting better-than-expected results and raising its guidance"

https://www.bloomberg.com/gadfly/ar...d-news-gets-even-better-with-tax-cut-windfall

 

lol, talk about a bad couple of days for the left. "zOMG teh wealth doesn't trickle down evil corporations!! rabble rabble rabble"

 

The good economic results of this tax cut will soon be impossible to deny so look for an added emphasis on the quest for impeachment.

 

They'll deny it. They are incapable of self-reflection and admitting they are wrong. They'll find a way to give Obama credit. You just watch.

 

The shock, economic stimulus in form of unpaid-for tax cuts is stimulating the economy in the short term. Who could have predicted that?

I can also feel prosperous briefly when I max out my credit card. The last 8 years, conservatives told us there was a price that would eventually have to be paid for government using the credit card. Now, all of a sudden, there is no more concern. Go figure...

 

You are probably not aware that economic growth grows government revenue.

 

I am aware that you desperately want to believe the "tax cuts pay for themselves" propaganda. Newsflash: Nothing is ever free. Tax cuts are not free. I thought the conservatives were realists, so they should know this.

 

Highlighted made me laugh. Not something the left usually says.

 

cool, the professional gamblers that control everything will have a fun time. now raise the ******ned wages or we riot.

 

At least you admit tax cuts stimulate economic growth even if you believe it's only short term. Most on left are unwilling to even admit that much. The reality though is tax cuts take a while to makes big difference and these immediate results are a pleasant surprise.


"White House says tax plan would boost long-term economic growth 12:45 PM ET Fri, 27 Oct 2017 | 01:26
President Donald Trump's Council of Economic Advisers on Friday released the second in a series of reports on how proposed changes to the tax code could influence economic growth.

The CEA predicted that corporate tax cuts alone would produce GDP growth of between 3 and 5 percent in as little as three years. The cuts are part of the tax reform package currently being finalized in Congress and expected to be unveiled as a bill next week.

From the report:


"Our findings indicate that the business side of the Unified Framework would increase GDP by between 3 and 5 percent over the baseline long-run projection. The GDP effects we estimate are growth impacts from corporate tax reform alone. The literature and models vary as to the timeframe over which these benefits could be realized; some have the effects as soon as 3 to 5 years, others find it could take at least double that time. There will be additional GDP effects from reforms to individual income and pass-through business taxes, which we have not modeled."

https://www.cnbc.com/2017/10/27/new...ax-cuts-will-boost-gdp-by-3-to-5-percent.html

 

Meanwhile AT&T just paid out $200m in bonuses covering each of its 200,000 employees... three days before Christmas.

 

Wages will be raised... when those employees who deserve them make it known they are expecting their employers to share the wealth.

 

Why didn't they share the wealth previously, when they already sat on record profits?

 

Tax cuts may stimulate the economy if they are unpaid for.

Watch the GOP cut SS and Medicare and other spending next year, to make up for their giveaway to the rich, and we'll be back to square one, because you take the money right back out of the economy.

BTW: your sources OF COURSE predict magical economic growth. That's part of the propaganda job by the GOP. Somehow, this magical economic growth never appears in the pocketbook of the average guy.

 

Winning.

 

I'm the average guy and when Reagan cut taxes I noticed a huge difference. Before that I had difficulty getting and keeping a job but after that I was quitting jobs because a guy down the road was paying better. Wages just kept spiraling up as employers competed for qualified employees.

 

Could be any number of reasons. If you are a valuable employee, they will take care of you. If you are a clock-watcher, you are easily replaced.

 

all workers deserve 100% of the value they create because the profits that the employer obtains simply by owning capital is the value they create by working

 

Those who contribute meaningfully deserve to be rewarded. Those who just watch the clock don’t.

 

i prefer to think of it as paid striking

 

Of course you do. Hence you will always be making the bare minimum because you put in the bare minimum effort. If you are going to intentionally withhold your effort, then you deserve nothing beyond minimum wage, and frankly you don’t even deserve that.

 

the richest people in the country literally get paid more money than i will ever see in my life every hour, waking or not, just for owning ****. if they never worked again they would still live in enough opulence to insult royalty. i don't think you understand what america is

 

That is a losing attitude. Nothing will change for you until you change your attitude and stop worshiping people like Murray Bookchin.

 

where's the lie

 

Life is pretty amazing if you let it be. The lie is that it isn’t.