Congressman Pascrell's Non Response

[Pesto Pirate]

It's been almost one month since I sent Congressman Pascrell a response back to him regarding the general e-mail that he sent to me regarding his position on the Trump Tax Plan. Despite stating in my e-mail, that I would like a response back to me on my e-mail from him, no e-mail has as of yet been forthcoming. Quite honestly I am not totally surprised by his lack of respect that he is showing me, one of his voting constituents, as I have a brother (Also an SHU graduate) who has also in the past sent him e-mails of my type on other issues, and he has totally ignored those e-mails as well.

Actually, his non response just serves to further validate my position on the matter. (How strong could someone's position actually be, if they do not have the decency to try to defend it!) I think he feels because he is in a safe democratic district, he can ignore opposing views. I have a feeling as the Trump/Republican polices more and more take effect, his safe democratic district is going to become more and more vulnerable!

BTW - The points that I made about the tax plan, last month are already in this short time frame starting to take effect in a robust way. The stock market has made a dramatic jump reaching the 26,000 mark, strongly further benefiting all in the middle class's 401ks & IRAs. Numerous major companies, on their own, have given out bonuses to their employees ranging in the area of $1,000. And low & behold, the major whipping boy of the left, Walmart Corporation, also on their own, raised their starting wage rate for their employees to $11.00 per hour!

Hold tight - The very best ramifications from the tax plan are still yet to come! GO TRUMP TAX PLAN! GO PIRATES!

 

[HALL85]

Every small business owner I have talked to, and I talk to a lot of them, gives the thumbs up to this plan and have either rewarded their employees or are making investments in their business. Those small businesses will really be the growth engine for wages and jobs in their communities. Time will tell, but I'm not seeing much of a downside I see that unless debt contribution is worse than anticipated.

 

[SnakeTom]

It's been almost one month since I sent Congressman Pascrell a response back to him regarding the general e-mail that he sent to me regarding his position on the Trump Tax Plan. Despite stating in my e-mail, that I would like a response back to me on my e-mail from him, no e-mail has as of yet been forthcoming. Quite honestly I am not totally surprised by his lack of respect that he is showing me, one of his voting constituents, as I have a brother (Also an SHU graduate) who has also in the past sent him e-mails of my type on other issues, and he has totally ignored those e-mails as well.

Actually, his non response just serves to further validate my position on the matter. (How strong could someone's position actually be, if they do not have the decency to try to defend it!) I think he feels because he is in a safe democratic district, he can ignore opposing views. I have a feeling as the Trump/Republican polices more and more take effect, his safe democratic district is going to become more and more vulnerable!

BTW - The points that I made about the tax plan, last month are already in this short time frame starting to take effect in a robust way. The stock market has made a dramatic jump reaching the 26,000 mark, strongly further benefiting all in the middle class's 401ks & IRAs. Numerous major companies, on their own, have given out bonuses to their employees ranging in the area of $1,000. And low & behold, the major whipping boy of the left, Walmart Corporation, also on their own, raised their starting wage rate for their employees to $11.00 per hour!

Hold tight - The very best ramifications from the tax plan are still yet to come! GO TRUMP TAX PLAN! GO PIRATES!

Yes Walmart raised starting wage to $11.00/hr, but they also laid off how many people when they closed up hundreds of stores ??? Could it be the wage raise was just for PR purposes.

TK

 

[shu09]

Yes Walmart raised starting wage to $11.00/hr, but they also laid off how many people when they closed up hundreds of stores ??? Could it be the wage raise was just for PR purposes.

TK

Agreed. I support the tax reform law but this is not one I'd be bragging about. Never been a fan of Wal Mart as a company anyway.

 

[HALL85]

Agreed. I support the tax reform law but this is not one I'd be bragging about. Never been a fan of Wal Mart as a company anyway.

Walmart has had a plan in place the past few years to raise their minimum wage. Don't think the tax reform package had anything to do with the $11 per hour. Closing the stores was more likely due to competition and share gains that Costco is making. Not a good poster child.

 

[Pesto Pirate]

Actually the closing of the Walmart stores only indicates that they were overly aggressive in their past view of customer demand. The raising of the minimum wage is a direct result of market conditions requiring that in order for them to attract quality employees, they have to keep their wages competitive. Regarding whether or not this was done for PR purposes, I will grant you that may have entered into the equation, but to the many thousands of employees, who received a raise in their paycheck because of it - I don't think you will see them complaining about that possible reason one bit! GO TRUMP TAX PLAN! GO PIRATES!

 

[SPK145]

Agreed. I support the tax reform law but this is not one I'd be bragging about. Never been a fan of Wal Mart as a company anyway.

Walmart’s low prices have helped the lower income Americans stretch their dollar but F them, that doesn’t play as well politically.

 

[Section112]

Here's a WSJ article regarding corporate reactions to the new tax bill. https://www.wsj.com/articles/compan...gs-season-begins-1516185000?mod=djemwhatsnews

 

[Merge]

It's been almost one month since I sent Congressman Pascrell a response back to him regarding the general e-mail that he sent to me regarding his position on the Trump Tax Plan.

Maybe he will reply when the stock market bubble bursts.

 

[HALL85]

Virtually every small business owner I've spoken with, likes the plan. Most have plowed some back into bonuses or new positions.

 

[Merge]

Virtually every small business owner I've spoken with, likes the plan. Most have plowed some back into bonuses or new positions.

and if your anecdotes prove out to be actual data points over the next few years, we can call the plan a success.
I'm willing to let the data show me it is working, but that will take some time.

I'm not buying the PR because if companies were into being overly generous, they wouldn't have needed to save 15% on their tax bill to do it.
Many companies have been sitting on record amounts of cash, but wages didn't grow.

Wages will rise because of market competition for talent, not because companies have more money.

 

[HALL85]

and if your anecdotes prove out to be actual data points over the next few years, we can call the plan a success.
I'm willing to let the data show me it is working, but that will take some time.

I'm not buying the PR because if companies were into being overly generous, they wouldn't have needed to save 15% on their tax bill to do it.
Many companies have been sitting on record amounts of cash, but wages didn't grow.

Wages will rise because of market competition for talent, not because companies have more money.

Merge, I agree that you really have to measure the complete success of a program over time. I'm all about real data as well.

I mention small business, because they haven't necessarily been sitting on large cash reserves. These are the local businesses that employ less than 100 people, the owner is part of the community who has seen other expenses like healthcare rise dramatically over the past decade.

 

[Merge]

BTW - The points that I made about the tax plan, last month are already in this short time frame starting to take effect in a robust way. The stock market has made a dramatic jump reaching the 26,000 mark, strongly further benefiting all in the middle class's 401ks & IRAs.

¯\_(ツ)_/¯

 

[shu09]

¯\_(ツ)_/¯

The market is speculating now because there's nothing out there concrete going on. Reacting on a whim to the news of the day. When we reach the next earnings season, it'll pick up again.

The most serious concern would be rising interest rates snuffing out the boom. The Fed needs to be careful. Rates should increase, but too high and too soon will drive the economy towards recession.

 

[Merge]

The market is speculating now because there's nothing out there concrete going on. Reacting on a whim to the news of the day. When we reach the next earnings season, it'll pick up again.

The most serious concern would be rising interest rates snuffing out the boom. The Fed needs to be careful. Rates should increase, but too high and too soon will drive the economy towards recession.

Indeed, just pointing out again why we shouldn't have been linking market performance as a measure of performance for the tax bill.