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More people view the Republican tax overhaul as a bad idea than a good one, a new Wall Street Journal/NBC News poll has found, but Americans see the GOP as better equipped than Democrats to handle taxes, trade and other economic issues.
The result is a mixed bag for the Republican Party, which has been hoping to battle political headwinds in the midterm elections by promoting the tax cut that Congress approved four months ago and by celebrating improvements in the economy. The poll also found that Americans see the Democratic Party as better able than the GOP to handle other prominent policy issues, including sexual harassment, health care and gun violence.
Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.
A POLITICO review of data disclosed in Securities and Exchange Commission filings shows the executives, who often receive most of their compensation in stock, have been profiting handsomely by selling shares since Trump signed the law on Dec. 22 and slashed corporate tax rates to 21 percent. That trend is likely to increase, as Wall Street analysts expect buyback activity to accelerate in the coming weeks.
“It is going to be a parade of eye-popping numbers,” said Pat McGurn, the head of strategic research and analysis at Institutional Shareholder Services, a shareholder advisory firm.
That could undercut the political messaging value of the tax cuts in the Republican campaign to maintain control of Congress in the midterm elections.
I think it's more to do with the fact that the tax cut adds to the debt. I, personally, don't approve of cutting taxes without finding a way to pay for them.
I would have thought that all conservatives would think this way since their ideology is supposed to be about fiscal responsibility.
originally posted by: CB328
The tax cut was completely unecessary and is just a payout to millionaires and corporations while depriving the government of revenues it needs to provide services to ALL people. Republicaans only care about themselves, why would anyone vote for people like tat?
Regulations aren't intrinsically bad
For instance, I happen to like the regulation that food workers are required to wash their hands after using the bathroom. What happens if there is a situation that requires a regulation like that during this supposed regulation ban? ?
And before you say that doesn't sound realistic, look at the cannabis industry. It's only a matter of time before the plant is legalized federally, and when it is it will need basic regulations just like all consumable products within the US do