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Monday, April 30, 2018

Federal Tax Plan Already Putting Money Into the Hands of Ordinary Citizens

stock update.    Odd behavior on nukepro incoming hits.    The USMC is my number one reffering at
this minute.   Along with EPA, and LANL.   This seems odd.   Maybe they are sick of "fake news" and want the real stuff at nukepro?

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Talking with my tax accountant, and reviewing the new tax law, there are aspects that aren't immediately obvious.      Of course I have a "good Jewish" accountant, lol.    They really are awesome with money and numbers.

He says about 90% of "middle class" famillies will see a reduction, but about 10% could be hit in a small or medium way.

What I didn't see coming is the affect of Corporate tax rate on Corporations.    All the naysayers predict that Corporations would simply see a windfall of profits from the lower tax rate.   In reality, Corporations will see a reduction of expense, and in a competitive environment, this cost reduction will be passed on to consumers as lower costs.

I would however, like to see the Donald breaking up too much consolidated power, aka "anti-Trust", such as the big banks/brokerages and cable and phone companies.    This would create a more competitive environment.

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Wisconsin Returning Money to Consumers

Wisconsin is "trending", leading the way in important ways.   They are the first to announce that the Utility companies must refund the federal tax savings to their customers, $130M for the first 6 months!    That's a lot of money going into the hands of ordinary citizens who will spend it wisely (unlike the government).   The new federal tax plan is working well.

Wisconsin’s investor-owned utility companies must give a total of $130 million to their customers in the form of credits on their July bills followed by monthly reductions, the Wisconsin Public Service Commission has ruled in a preliminary decision.
The proposed July bill credit represents the first six months of tax savings the utilities will have amassed since Congress passed major changes to the tax code in late 2017, lowering the corporate tax rate from 35 percent to 21 percent.

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