Trump's tax cuts exposed as a sham by COVID-19 outbreak:

[UCmeNdc]

MSNBC’s Joe Scarborough said the coronavirus outbreak had exposed President Donald Trump’s tax cuts as a sham.

The president signed a bill that would provide relief to airlines and small businesses, but the “Morning Joe” host said some large corporations should have invested their tax savings in a rainy day fund instead of plowing the tax cuts back into their own businesses.

“A lot of people are obviously concerned about Washington moving very quickly on relief, on economic relief,” Scarborough said. “Very concerned about bailouts of companies, of corporations that got a windfall of billions and billions of dollars just a couple years ago from President Trump’s tax cuts. Instead of investing it in their workforce, instead of expanding operations, instead of putting away cash reserves for a rainy day like now, they spent 95 percent on stock buybacks. The airline industry was especially guilty of this.”


https://www.rawstory.com/2020/03/covid-19-exposes-trumps-tax-cuts-as-a-sham-msnbcs-morning-joe/

[still_one]

1. It has put us into a far more precarious situation because of those unecessary tax cuts.

Unfortunately, those tax cuts cannot be undone now until the health crisis gets resolved, and the economy is stabilized, but those responsible for those obscene tax cuts, along with the trade war which accomplished nothing, except perhaps put us into a situation where we have a shortage of medical and other resources, should NEVER be allowed to hold public office again, and in some cases should be prosecuted for trying to profit from this disaster

[Indykatie]

2. I Saw Casinos on the List of Industries Seeking a Bail Out

WTF? Why would we bail out the gaming industry? There won't be enough money to bail out every industry. Gaming should not be included on the list of industries getting borrowed money that will have to paid back with tax payer money.

[still_one]

3. I guess the question that has to be weighed is how many jobs does the casino industry provide?