It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: FyreByrd
originally posted by: Vroomfondel
But then there is Honeywell that just raised its outlook for 2018 because it beat its expectations after raising its dividends. There are always some companies that are laying off and others that are doing great.
The real question is why do you focus on the ones doing poorly and blame the tax cut? Can you demonstrate an actual link between the tax cut and the performance of these companies in terms of cause and effect?
I think we know the answer.
Honeywells 'financial' position has nothing whatsoever to do with layoffs. Hence your response to the OP is a Red Herring.
In fact heavy layoffs tend to inflate a company's financial position.
There is also the consideration that Honeywell most of Honeywell's production is in other countries.
Honeywell has a global workforce of approximately 130,000, of whom approximately 58,000 are employed in the United States.
above from Wikipedia
On local layoffs in November 2017:
A plant’s decision to idle is causing a ripple effect in a local community. The Honeywell plant in Metropolis, Illinois, announced plans Monday to reduce its workforce by 170 full-time positions and 105 contract workers.
Business owners in the area are concerned. They say they know from previous times, the decision will hurt their sales. They say a number of workers at the Honeywell plant travel to work from out of town, and some of them make stops on their way there.
You cannot refute a claim about 'job growth' with anything other then data and sources about 'job growth'.
originally posted by: tabularosa
The tax cut was never about jobs. It's sole purpose was to transfer yet more wealth from the (lower) middle class to the upper class. It's just that simple. The middle class was thrown a bone, the upper class filet mignon. But the real kicker is the $1.8 trillion deficit the tax cuts will create. Guess who will foot that bill?