Saturday, February 10, 2018

Democrats are in full attack mode against the success of the tax cuts



The following article appeared in the American Thinker on February 9th


The media and other Democrats campaigned hard against the Trump tax cuts and tax reform plan.  It is already clear from the first month that the law will be successful at allowing benefits and money to trickle down throughout the economy.  So the success must be attacked.  We see many stories about how not that many Americans are benefiting from the cuts to corporate taxes, that shareholders are getting too great a portion, that people in high-tax blue states may be getting hurt.  The mantra is that the tax cuts are adding $1.5 trillion to the debt (they rarely point out that the $1.5 trillion is a wild guess over ten years.)
Schumer and De Blasio believe the money is THEIRS, not yours!
We know that the journalists and other Democrats never cared about the $10-trillion debt increase during Obama's eight years, and we saw that Durbin, Schumer, and other Democrats don't actually care about the deficit today when they voted for the new budget.  They care about deficits only if they involve allowing people and businesses to keep more money they earn.

On Wednesday, Senate Democrats attacked the law, saying the money isn't trickling down to the people, but is instead being kept for shareholders.

Senate Democrats launched a new line of attack on the Republican tax plan Wednesday in a report showing [that] companies have announced $97.2 billion in share buybacks since the start of the year.  That figure dwarfs a number that Republicans have been touting: $2.5 billion in bonuses that companies have announced in response to the new tax law.
Dick Durbin
If Democrats weren't so intent on misleading the public, they would put in their report everything the corporations are doing with the money instead of just cherry-picking stock buybacks, which will occur over several years.  Many companies have announced new investments in the U.S because of the tax cuts, and those investments will course throughout the economy, which will help growth and create economic opportunities for people of all races and economic levels.

Why didn't they list $350 billion in Apple investment, the $50-billion Exxon investment, the $20-billion Chase investment, and all the others that have been announced?  These investments, along with raises, bonuses, and increased benefits, will dwarf the buybacks, so why did they choose to leave them out?  


(Article continues HERE)


No comments:

Post a Comment