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Government Stimulus Bill #6815413
03/24/20 10:31 AM
03/24/20 10:31 AM
Joined: Nov 2010
Posts: 414
Iowa
B
beeman Offline OP
trapper
beeman  Offline OP
trapper
B

Joined: Nov 2010
Posts: 414
Iowa
I certainly hope our Senate members do not pass a stimulus bill that bails out cruise lines. Below is an excerpt from “the Verge”. I do not know of this publication, I just google to find out how many cruise companies are American companies.

They’re not really US companies. Carnival Corporation is incorporated in Panama. Royal Caribbean is incorporated in Liberia. Norwegian Cruise Line is incorporated in Bermuda. These three cruise companies combine to make up around 70 percent or more of the global cruise ship market, depending on how you measure it. And while they operate offices in Miami, Florida, they are all incorporated in countries with very different labor, tax, and other laws than those of the US. Their ships fly flags of these countries, too. What’s more, a large number of cruise ship employees are from Europe, the Caribbean islands, and the Philippines. These companies are not big job creators for US citizens in the way that other bailout targets like Boeing or airlines like Delta, United, and American are.

They pay basically zero federal income tax. With all of that in mind, it shouldn’t surprise many people that these big cruise companies essentially pay no federal income tax in the US. True, each company is actually a conglomeration of a bunch of smaller companies, and there are some cases where their subsidiaries might be subject to federal (and state) income tax laws.

Here is link to entire article: https://www.theverge.com/2020/3/23/...ilout-trump-coronavirus-us-companies-tax

I just heard McConnell talk about all the people that need help such as hospitals, unemployment insurance, essential industries to keep their workers working. Hopefully they put together a bill to help Americans that need help.

Re: Government Stimulus Bill [Re: beeman] #6815458
03/24/20 11:20 AM
03/24/20 11:20 AM
Joined: Feb 2014
Posts: 7,005
Ky
J
jbyrd63 Offline
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jbyrd63  Offline
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Joined: Feb 2014
Posts: 7,005
Ky
LOL read some of the crap demo's are piling on it . Clean air and water acts !!! LOL they are so petty !!!!!!!!!!

Re: Government Stimulus Bill [Re: jbyrd63] #6815472
03/24/20 11:36 AM
03/24/20 11:36 AM
Joined: Dec 2006
Posts: 10,516
MN, Land of 10,000 Lakes
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Trapper7 Offline
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Trapper7  Offline
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Joined: Dec 2006
Posts: 10,516
MN, Land of 10,000 Lakes
Originally Posted by jbyrd63
LOL read some of the crap demo's are piling on it . Clean air and water acts !!! LOL they are so petty !!!!!!!!!!


Hopefully, voters will remember their shenanigans when election time rolls around.


Lotta brown people trying to get into a country that's supposedly systemically racist.
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