Fortune’s Leigh Gallagher discusses the GOP tax bill and the impact the plan will have on average Americans in the coming year.
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How Will The Tax Bill Impact Americans Next Year? | Morning Joe | MSNBC

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33 Comments

Poh Soy · December 29, 2017 at 9:39 pm

If you're a corporation with a big tax cut, you would probably invest in AUTOMATION, Analytics, & Robotics! No need to pay benefits: vacation, sick days, maternity/paternity leaves, retirement benefits, no personnel issues, no unions. Just use the extra $$ to accelerate Robotics & Automation and get rid of extra human workers. Of course you could also have more stock buy backs and dividends too. Time to WAKE UP Americans!

Worst Commenter On Youtube · December 29, 2017 at 9:39 pm

Am I the only one who thinks Morning Joe is better without Joe and even Mika? Will makes a much better host…

Truth Teller · December 29, 2017 at 9:39 pm

Hey, I may be a billionaire some day and will need the tax break, remember Joe the Plumber, that is how Americans think.

Slick Wally · December 29, 2017 at 9:39 pm

VIVA EL PRESIDENTE TRUMP. MAGA!

Will Ganness · December 29, 2017 at 9:39 pm

FAKE NEWS – Please explain how you can give tax cuts to HALF of the population that DONT pay a cent in taxes – 90% of the taxes are paid by about 2% of the population.Any tax cuts is going to benefit those WHO actually PAY. YOU LEECHERS.

wandering spirit · December 29, 2017 at 9:39 pm

Facts are facts-91% of ALL middle class families will benefit to the tune of $2,059,00. Do the math.
Liberals will be crying the blues come election time in 2018 and 2020. They will have egg on their
faces when they have to answer as to why they voted against helping the middle class and why they
have zero interest in keeping jobs in America or job growth as a whole. Liberals are in for a world of hurt.

Peace Love Unity · December 29, 2017 at 9:39 pm

Give Sam a show, he is the only one I care to listen to. Thank you!

Tal Moore · December 29, 2017 at 9:39 pm

Consider what the Republicans are trying to do here. They cuts taxes, which they know will explode the deficit. Then they will say they have to cut government expenditures to lower the deficit. Where will they get that money from? Well, they won't cut the military and security budget, because that's there thing. And the rest of the discretionary spending, even if they were to cut all of it, wouldn't bring the deficit down to zero. They will say they have to cut Social Security, Medicare and Medicaid. And now what. You have millions of Americans who will now have to purchase private healthcare and private retirement plans. So all that money you think you're saving from tax cuts is just going right back to the private healthcare providers and private financial institutions.

Sucker!

Lacey Pelham · December 29, 2017 at 9:39 pm

tiptoeing around your corporate paycheck, comcast. too funny. this is one of the big problems with main stream media news.
where is the outrage this truly deserves on a constant basis. gotcha. wink, wink

Nogive Nogets · December 29, 2017 at 9:39 pm

LOVE IT!!!!! listen to her stutter, it burns her tongue to just say the words – YES, THE MIDDLE CLASS GETS A TAX CUT!!!!! of coarse the rich get more $ because they pay a higher %.

just the lack of enthusiasm in their report is telling. they've been proven wrong & now they have to come clean to their viewers

LOVE IT!!!!!

DEploribus Unum · December 29, 2017 at 9:39 pm

Democunts don't work so it shouldn't affect them. Lol.

Casey28xxx · December 29, 2017 at 9:39 pm

The GOP giveth for a few years and then promptly taketh away again indefinitely. Add on top your expensive healthcare being unaffordable to even more due to the "tax cuts" and inevitable cuts to the social security/medicare/medicaid that will follow and your debt (both personal and government debt) could take your now poor and unhealthy children their lifetime to reign in if they are lucky.

Hakeem Hinton · December 29, 2017 at 9:39 pm

this is what republicans do to their poor rural white voters though…
they throw crumbs to them and they just accept it….
"hey, i got 18 extra dollars in my check"
and they are happy with that….

Save America · December 29, 2017 at 9:39 pm

With such a target-rich environment there, remind me again why we are still investigating President Trump? Especially after a year of CIA, FBI, NSA, 2 Congressional investigations and illegal surveilling that found not a whiff of evidence.

Is something else going on besides "following the evidence"?
People continually wear their blinders to actually what the far liberals/nasty news media is trying to do…sell this country for a price..in order to fill their pockets..and it won't be the pockets of the hard working Americans..or those who fought for freedom..

James Nolan · December 29, 2017 at 9:39 pm

Where does the term "legal tender" come from?

Grow and Use Cannabis!
End Poverty!
Restore Power To The Commoner!

The Alpengeist · December 29, 2017 at 9:39 pm

The MSM is twisting the facts and trying to mislead Americans. If you actually read the new tax bill and do the math you will see that if you look at the absolute numbers, people who make more money are saving more, BUT if you look at the RATIO, the poor and lower middle class will be getting the BIGGEST BENEFITS because they pay the least so there is less for them to save, the RATIO of their savings though is CONSIDERABLY HIGHER! A family or person making 30k a year will save 20%. That is an ENORMOUS amount comparable to their income and that is just their direct savings, that is not factoring in the new INCREASE in standard deductions and write-offs. Someone making $75,000 a year will save $2,000. This tax plan WILL HELP THE POOR AND MIDDLE CLASS!! STOP believing Liberal propaganda, then study and enjoy Trump's new tax plan! Thank You very very much President Donald Trump

jeremybr2020 · December 29, 2017 at 9:39 pm

I'll admit that I don't know a whole lot when it comes to the complexities of these tax cuts and the deficit. But my question is this, even though some middle class are getting some money and the corporations getting even more, doesn't all this simply contribute to the huge rise in the deficit caused by this new tax plan??

Poppa Bear · December 29, 2017 at 9:39 pm

So AT&T -1000 and counting Is that Trump speak for more jobs?

Ann O'Nymous · December 29, 2017 at 9:39 pm

I'm investing in turd polish futures. There's going to be a huge demand next year as GOP tries to sell this to voters.

Butt Nutz · December 29, 2017 at 9:39 pm

Good thing I'm making out in the tax reform. Woohoo

Michael Rivers · December 29, 2017 at 9:39 pm

Bonuses are temporary. Wage Increases are permanent (when compared to bonuses; I know wages can fluctuate).

Jason Blade · December 29, 2017 at 9:39 pm

Lmao at the lady in blue!!!!! Companies want to reinvest????? LOL all CEOs said the money saved by the tax cuts will go straight in their pockets as bonuses!!!! Trickle down economics is a SCAM PROVEN AND CHECKED IT DOESNT WORK!!!

Jason Blade · December 29, 2017 at 9:39 pm

When will republicans voters understand that “trickle down” economics are a gigantic scam???

Jason Milton · December 29, 2017 at 9:39 pm

I can't wait for the money from the 1% to "trickle-down" on me once again like it did back in 2008..  This is why Dems fix the economy and Republicans sells out the economy every 10 years..

Rose Johnson-Tsosie · December 29, 2017 at 9:39 pm

If you wish to be a success in the world, promise everything, deliver nothing. Napoleon Bonaparte

Rose Johnson-Tsosie · December 29, 2017 at 9:39 pm

“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”
― Benito Mussolini
Connect the Dots: Hitler. Industrialists $$. Brown Bro NYC Money Laundering. "Too Big To Fail 1948"'. Operation Paperclip……

Radwulf Eboraci · December 29, 2017 at 9:39 pm

Tax bill impact for the middle class (note nobody mentions the working class or poor)will be zero. The lions have left the stripped and disemboweled carcass and now the vultures will land to pick the bones clean. Vultures – Banking fees and interest rates, communications costs (FCC decision), insurance rates and fees (healthcare etc) utility costs (heat, electricity). These are fixed items that are difficult to avoid and they can be arbitrarily increased when they smell $$.

TCt83067695 · December 29, 2017 at 9:39 pm

why do they never talk about the tax increase for the ppl in the bottom bracket who earn less than $75k?
50% of the population earn less than $50K so obviously they would be most affected and they are the majority of the populace
why is this never brought up?

Pat Peacock · December 29, 2017 at 9:39 pm

Look like it not making jobs AT&T and the steel plants laying off.

Little Mac · December 29, 2017 at 9:39 pm

Also, as someone who has an MBA and understands clearly about how businesses operate at the strategic level: Deducting taxes is the LAST thing you do when putting together all your financials and doesn't factor into decision making at all unless the tax differences are extreme…..and even then it doesn't affect wages it affects where to invest money. More to the point, taxes mostly matter when dealing with the marginal cost of good services…..America doesn't compete globally using a 'low cost' strategy in anything we do.

Dee Pattison · December 29, 2017 at 9:39 pm

Please explain how giving BIG tax relief to the very wealthy and corporations which are already comfortably fixed justifies a huge addition of one and a half trillion increase to the debt????

Little Mac · December 29, 2017 at 9:39 pm

The more Americans learn about the bill the more furious they will get….with the nail in the coffin being when health insurance premiums go up.

jimmy usmc · December 29, 2017 at 9:39 pm

Here is the truth for middle class Americans https://youtu.be/de2NLuyBW0Q

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