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Home Trump-Signs-Tax-Cut

President Trump Signs
Tax Cut Bill Into Law

Today is a glorious day in America because President Trump signed the Republican tax cut reform into law. Here's our prediction: it will start to work much faster and much better than almost anyone thought possible, because the corporate cuts are so big and so bold. It will also help the lower and middle classes and lift minorities and others up instead of making them ever more dependent on government.

Within hours of the tax cut passing:

Thank goodness we have a President and a Republican Party that understand that it's the private sector and capitalism that have made the U.S. the strongest and most blessed country on earth.

Yup, these corporations sure are evil.

Every one of these companies is helping its low- and mid-level employees, while Democrats and many left-leaning economists have repeatedly claimed that the tax cuts would not trickle down.

These facts should be shouted on all news networks, but they won't be, because they don't fit the agenda. The media have managed to hide the truth so far, and they hope to keep doing so past the 2018 elections. Facts haven't mattered with them for a very long time.

Since Trump took office, consumer confidence has shot up, the stock market has skyrocketed, small business confidence has shot up, and large company executives have become extremely optimistic. Housing starts are at an eleven-year high, and home-builder confidence is up. Instead of highlighting these statistics and the truth about the tax reform bill, the media spend every day trashing President Trump and repeat ad nauseam Democrat talking points that the tax reform is for the rich. They work doggedly to keep Trump's poll numbers as low as possible.

Here are some simple economic questions for Democrats:

Is it inflationary and harmful to the economy and jobs for a company to take $100-billion in tax savings and pass it on to employees? (The correct answer is 'No').

Does the government lose $100 billion in taxes when the money is used for wages or dividends or to boost stock prices? (The correct answer is obviously no, since the government also collects Social Security and income taxes on the extra wages, plus taxes on the dividends and capital gains.) States will also collect more taxes from this shift from federal income taxes to things they tax. Oh, and states like California, New York, and New Jersey should be cheering about their additional taxes instead of griping.

Is it inflationary and harmful to the economy if politicians force up the minimum wage with no offsetting cost cuts? (The correct answer is obviously yes, because in that case, most companies have no choice but to raise prices or cut jobs to cover the increased overhead).

Journalists along with economists will try to downplay the benefits of the tax cuts and tax reform to the public going into the 2018 election, but there will be many more stories like AT&T, Boeing, Fifth Third, Wells Fargo, and Comcast that will make the benefits increasingly hard to hide.

Thank goodness we have a president and a Republican Party that understand that it's the private sector and capitalism that have made the U.S. the strongest and most blessed country on earth, in the relatively brief time it has existed.