american workers. they added corporations have mostly given out a few bonuses and bought back shares. and who did this come from? republican senator marco rubio. then there s the issue of repealing the obama care individual mandate. something the president touted. quote, you ll likely have individuals who are younger and healthier not participating in that market and that drives up the cost for other folks within that market. again, just what critics predicted. and again, this comes from a republican. a former house member. a repeal and replace guy. and a former hhs secretary in the trump administration. tom price. and finally the president s promise to drain the swamp, quote, if you are a lobbyist who never gave us money, i didn t talk to you. if you were a lobbyist who gave us money, i might talk to you. if you came from back home and sat in my lobby, i would talk to you regardless of contributions. that comes from a republican. mulvaney. a republican senator says the
we ll watch. stephen moore, fascinated by what republican senator marco rubio said on friday, someone who voted in favor of the bill. his exchange with a local florida newspaper. if i were king for a day, this tax bill would have looked different. i thought we probably went too far in helping corporations. by and large you will see a lot of these multinationals buy back shares, drive up the price. some of them will be forced because they re sitting on historic levels of cash to pay out dividends to share holders that will not create dramatic economic growth, but it s significantly better than the current code. this is a republican senator who voted for the thing saying it s not really going to result in some of the things we re hoping for. well, you know, poppy, i helped write the original version of the bill. it s not a perfect bill. it will be healthy for the economy. i don t disagree with what rana was saying. i kind of wish there had been a lower tax rate for the businesses if th
congratulations on your bonus, as a comcast employee, i understand you ll be getting one. this is not necessarily going to happen at every i think these are outliers, i don t know this is going to be the norm, we know that history tells us when companies get tax breaks, they go and buy back shares. there have been billions and billions of dollars of stock buybacks planned by large corporations in anticipation of the passage of this tax cut bill. it really does remain to be seen what the trickle down effects of this are. at the same time, you have a $1.5 billion holding blown in the deficit. and there has to be some kind of financial reckoning coming over the next few years, the republican party is going to have on the one hand to deal with the fact that the bill itself may not create the economic growth that they said.
shareholders. i don t have any problem with people injecting money in the economy by buying back shares. i mean, that puts the money out there. it s not as if it s not going to be invested. it doesn t disappear into a magic ball. i think it generates activity. if people wanted to hire corporate income tax rate, than if you had for democrats participating in the process, they might have been able to get that. again, look, i ve seen a lot of american companies that leave this country. i don t own a lot of stock. two of the 12 companies i own have left the united states. johnson controls and spectra energy to go overseas because of the tax rate. this is a problem that needed to be addressed. we re trying to do that. if we don t hit it right, we ll be back next year. i think this will be a process, not an event. that is, there will be a number of years where there s a lot of activities in ways and means as you try to respond or correct
called enhanced oil recovery which helps on frankly low yield wells. but they get the corporate income tax, and probably the big win for them is what s called expensing. for the first five years any p capital equipment they buy, they can write off the bottom. that encourages drilling and activity. employs a lot of people. i m certainly not unhappy that people who are big em employploe going to do well. i once bringing the corporate tax down to 28% but not 21%. what evidence do you have the corporations are going to invest that amount. i think it s likely they wouldn t buy back shares, pass it back to people through dividends. what confidence do you have when already most corporations, a lot of manufacturers are at full capacity and don t need to expand? i think if each company will make what they think is the best decision for themselves and the