I'm at the point where the news is too much and I instead read it like Netflix caption:
"In this episode of the 117th season of the United States Congress, the D's stick it to manufacturing during the annual Lobbying Hunger Games. Meanwhile, the economy slips into recession and new war rumors surface in the world's manufacturing capital of China."
I haven't read much about this and article didn't say, but won't this impact smaller businesses who don't do stock buybacks, assuming they even have stock?
The point of the article is that US manufacturers in particular will be negatively affected. More so than tech or service industries for example. The reason being that manufactures often have low rates because of accelerated depreciation of investments in capital expenditures (factories and upgrades). The law as it exists today is intentional, and is designed to encourage investment in US manufacturing, this new proposal goes directly against that.
"In the 1950’s nearly 100 percent of babies wore cloth diapers and were potty trained before they hit 18 months. Today, over 90 percent of babies wear disposable diapers and only around 10 percent complete potty training by 18 months."
14 comments
[ 2.9 ms ] story [ 44.6 ms ] thread"In this episode of the 117th season of the United States Congress, the D's stick it to manufacturing during the annual Lobbying Hunger Games. Meanwhile, the economy slips into recession and new war rumors surface in the world's manufacturing capital of China."
Us, the individuals we spit out on average 23% on income taxes in the US, and we also have to buy diapers.
It’s about the big fish who hire tax optimization firms to cook their books on a global scale.
[1] https://www.pwc.com/us/en/services/tax/library/corporate-boo...
"In the 1950’s nearly 100 percent of babies wore cloth diapers and were potty trained before they hit 18 months. Today, over 90 percent of babies wear disposable diapers and only around 10 percent complete potty training by 18 months."
https://pottygenius.com/blogs/blog/the-history-of-potty-trai...
https://www.finance.senate.gov/imo/media/doc/jct_analysis_bo...