"Patriots are not revolutionaries trying to overthrow the government of the United States.
Patriots are Counter-Revolutionaries trying to prevent the government from overthrowing the Constitution."
The Coach’s Team (TCT) offers the best in conservative essays along with articles taken from various internet sites. The victory of Donald Trump has provided a God-sent opportunity to reverse the years of willful damage done our nation by Barack Hussein Obama.
Saturday, February 10, 2018
Democrats are in full attack mode against the success of the tax cuts
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.
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?