CEOs: Tax Cuts Won’t Prompt Them To Invest More

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This is a very good use of 280 characters in Twitter:

The CEOs, of course, have no particular reason to lie about this. They’re already hoarding cash and could easily boost investment right now—but only if they thought it would earn them a good return. A lower tax rate won’t change that, so there’s no special reason to think they’ll invest more. The rate cut will mostly be used for stock buybacks, increased dividends, and higher salaries for executives.

Needless to say, Gary Cohn knows this perfectly well.

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We've never been very good at being conservative.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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