Thread regarding MGM Resorts layoffs

Why was the “tax cuts and jobs act” passed in the first place?

What I don't understand is why the hell the "tax cuts and jobs act" was passed in the first place. This tax law slashed corporate tax rates from 36% to 21% in order for corporations to hire more workers. This stupid law did away with personal exemptions and virtually all itemizations a middle class worker could get away with. Our country has turned our government into a charity for the rich. Why the hell are we helping those who don't need it. Before this tax act was passed mgm seemed to have no problem making money....should have left the corporate tax rate alone.

Couldn’t agree more with @YQJ2Pnl-3sms

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Post ID: @OP+YTM1DQP

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The Corporate Tax breaks are intended to allow the corporations to "create new jobs"- in theory this benefits the middle class. The problem arises when you get a greedy corporation (like MGM Resorts) who uses the extra money to invest in technology to eliminate jobs. By 2020 they will be displacing thousands of workers as they implement machines that replace bartenders, cashiers, room service attendants, etc. A corporation like MGM Resorts that uses its tax beaks to ELIMINATE jobs instead of CREATING jobs should lose its tax breaks!

Keep in mind that as they are laying off all of these people they are raising prices for the consumers too. ( Beware of the $4 hidden charge many of the outlets add on to the price of your drink without your consent!) TRUE CORPORATE GREED!@#!! ZERO REGARD FOR THE WORKING OR CONSUMING MIDDLE CLASS!@#!

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Post ID: @1eaw+YTM1DQP

Unemployment is at an all time low. It worked.

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Post ID: @bmy+YTM1DQP

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