Crumbs

[mmckee1952]

Crumbs? Bonuses tied to Trump tax cuts said to boost U.S. incomes by $30 billion
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By Jeffry Bartash
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Democratic leader Nancy Pelosi said ordinary Americans would only get “crumbs” from the Trump cuts. The federal agency that does the math says those crumbs amounted to as much as $30 billion in January.
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The Bureau of Economic Analysis raised its estimate of how much U.S. incomes rose in the first month of the year in response to widespread reports of businesses handing out onetime bonuses after the tax cuts became law. If those bonuses hadn’t been included, incomes barely would have risen in January.
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The BEA also estimated that the tax cuts reduced personal taxes in January by a $115 billion annual rate.

The result: Disposable income — mostly what Americans take home after taxes — posted the biggest one-month gain since 2012. Disposable incomes leaped 0.9%.

How accurate are these numbers? Hard to say. The benefits could be higher since more companies have announced bonuses since the end of January. The government will update these estimates as more concrete figures become available.
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Consider the impact of bonuses. The BEA admitted it based its calculation on “news releases” of companies that announced the bonuses. How, when and to whom those bonuses are paid won’t show up in the data for several months.
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“The full effects of the tax bill won’t be apparent until the February and March data,” said Richard Moody, chief economist at Regions Financial.
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Don’t expect lawmakers to wait until then to trumpet or dismiss the benefits of the White House tax package for typical households, most of which got a tax break. Republicans tout the law every chance they get and the public reception has turned positive after months of being under water in the polls.
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Democrats such as Pelosi, on the other hand, continue to attack the tax bill as a sop to the rich. Critics point out that companies are spending far more money on stock buybacks to enrich shareholders while new investment lags.
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In a recent report, for example, Goldman Sachs estimated that publicly announced buybacks had reached almost $70 billion in the first six weeks of 2018, and they were likely to go much higher.
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Read More: https://www.marketwatch.com/story/crumb ... 2018-03-01
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My Thoughts:
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WINNING WINNING WINNING. Pelosi can take her crumbs statement and shove it up her (you know where).

[M1A4ME]

We noticed a $94 increase in my retirement check.

I'll take it! Crumbs to some, more money to us. Who can't spend another $100 a month?

[wittmeba]

...Crumbs to some, more money to us. Who can't spend another $100 a month?

This is the key. Crumbs to someone in the income bracket of NP but she isn't a good example of who benefits. This is the problem with our entire political parties. They are above and beyond reality but still want to make our rules.

[SHMIV]

I haven't filed taxes, yet, so I don't know what's going to happen with that.

I DO know that my company has issued raises, for the first time in 10+ years. On top of that, there a new bonus programs in place. Bonuses are a first, ever, for this company.

This translates to somewhere between $200-400 a month, for my household. Pelosi can kiss my mule; I'll take those crumbs, and be damned thankful for them. At the very least, those crumbs will cover my smoking habit, or my phone bill, or my internet bill, or several other things.

Anybody that looks at extra money as "crumbs", is pathetically out of touch with the general population. Even a small amount, like $10-20, can make a huge difference in the average month of many people. It can make a difference in whether or not a rent check bounces, or it could mean more groceries. It could even mean that you can take the family out for lunch, after Church, one Sunday.

I have nothing but contempt for Nancy Pelosi.

[ Post made via Mobile Device ]

[dusterdude]

You wont see a tax benefit until next year

Sent from my R1 HD using Tapatalk

[Snakester]

I know several families that these "CRUMBS" will make a big difference in their every day lives .

[KaosDad]

My "crumbs" added up to 300 - 800 rounds of ammo per month depending on caliber and quality.