Comcast Fired 500 Despite Claiming Tax Cut Would Create Thousands of Jobs - Sensationalist Headlines

[QUOTE]Comcast apparently tried to keep the firings secret while it lobbied for the tax cut that was eventually passed into law by the Republican-controlled Congress and signed by President Trump in late December. [I]The Philadelphia Inquirer[/I] revealed the Comcast firings this week in an [URL="http://www.philly.com/philly/business/comcast/comcast-fires-sales-employees-florida-chicago-att-verizon-cable-20180104.html"]article[/URL]based on information from an anonymous former employee, Comcast documents, and other sources in the company. The former employee who talked to the [I]Inquirer[/I] "could not be identified because of a nondisclosure agreement as part of a severance package," the article said. The [I]Inquirer[/I] headline notes that Comcast was able to implement the firings "quietly," avoiding any press coverage until this week.[/QUOTE] [QUOTE]The firings happened around December 15. On December 20, Comcast [URL="https://corporate.comcast.com/news-information/news-feed/comcast-announces-special-holiday-bonus-and-capital-investments?utm_source=social corp-comm&utm_medium=TWITTER comcast&utm_term= &utm_content=20171220 20171220234725&linkId=46144758"]announced[/URL] that, because of the pending tax cut and recent repeal of net neutrality rules, it would give "special bonuses" of $1,000 to more than 100,000 employees and invest more than $50 billion in infrastructure over the next five years."With these investments, we expect to add thousands of new direct and indirect jobs," Comcast said at the time. We examined Comcast's investment claims in an [URL="https://arstechnica.com/tech-policy/2017/12/comcasts-network-investments-soared-with-net-neutrality-rules-in-place/"]article[/URL] on December 21. As it turns out, Comcast's annual investments already soared during the two-plus years that net neutrality rules were on the books, and the $50 billion amount could be achieved if those investments simply continued increasing by a modest amount.[/QUOTE] [URL="https://arstechnica.com/tech-policy/2018/01/comcast-fired-500-despite-claiming-tax-cut-would-create-thousands-of-jobs/"] source[/URL]

company known for lying lies more, who'd have thunk

and let it be known, that if you honestly believed in trumps tax plan cutting taxes for the rich, after all that we seen, would help us mere mortals... you are delusional

Comcast needs to get shredded by regulation

"What? Oh, no, no no no! We [I]meant[/I] the tax cut would create thousands of job [I]openings[/I]!" - Comcast, still lying.

[URL="http://money.cnn.com/2018/01/02/investing/tax-cuts-bonus-trump/index.html"]It's still not looking that great.[/URL] [QUOTE][B]According to the White House's own compilation and more recent announcements, only 18 companies in the S&P 500 have responded to the tax overhaul by raising wages, handing out bonuses or improving employee benefits.[/B] If smaller companies such as GoDaddy (GDDY) and Sinclair Broadcasting (SBGI) are included, the list expands to about four dozen. ... For instance, Wells Fargo (WFC) decided to boost its minimum wage to $15 per hour and increase its charitable giving by 40%. Yet the scandal-ridden bank is one of the biggest beneficiaries of the new corporate tax rate -- 21%, down from the previous 35%. Wells Fargo's effective tax rate was 31% in 2016, according to S&P Dow Jones Indices. The wage hike and additional charitable giving will cost Wells Fargo about $215 million in 2018, according to investment bank KBW. [B]That represents just 5% of Wells Fargo's total estimated earnings benefit from the tax overhaul, KBW estimates.[/B][/QUOTE]

[QUOTE=Dave_Parker;53027151]Even the article says they plan on creating "thousands" [B]over the next five years[/B]. And it doesn't detail whether or not the $50bn would be total investments or new investments. Comcast promised 50bn in infrastructure investment and the article denotes "total investments". [editline]5th January 2018[/editline] Nope checked ArseTechnicas "investigation" and they looked no further than "total capital investment" of a single quarter, then extrapolated that to 5 years. What a misleading article this is.[/QUOTE] Sooooooo we gotta wait 5 years, see comcast haven't created many jobs and THEN complain Yeeeeee no Strike while the irons hot my man

[QUOTE=da space core;53026901]and let it be known, that if you honestly believed in trumps tax plan cutting taxes for the rich, after all that we seen, would help us mere mortals... you are delusional[/QUOTE] And yet the cycle will continue because people have a 5 minute attention span yet a seemingly infinate memory. "When REGAN did tax cuts THE ECONOMY BOOMED!" ....for about 5 minutes then slipped into a recession. "...Bush tax cuts got everything soaring!".....straight up and over the fiscal cliff of 2008.... Like these tax cuts will almost certainly end in a crash similar to 2008, there's a debt bubble out there and because no new banking regulations have passed since 2010, we probably aren't seeing it at the top just like the sub prime crisis.