President Trump is most likely going to sign the GOP tax reform legislation this afternoon. It's a great thing for the USA. We've talked enough about the tax law and their effect. The real question now, however, is whether or not the blatant lies told about the tax law will matter.
Since debate about the tax law began, Democrats and their allies in the media have been dishonest (to say the least) about what the tax bill will do. Democrat leaders like Chuck Schumer and Nancy Pelosi have told the country that most people will see tax increases rather than cuts. Pelosi repeatedly said that 83% of Americans will get tax increases while the benefits of the bill will go to the ultra-rich. These arguments have been parroted by Democrat after Democrat and then repeated by the mainstream media. The arguments have been so successful that according to recent polling, less than 20% of those polled thought that they would get a tax cut themselves. The problem, of course, is that what the Democrats and media have said is a lie. Starting in February, roughly 80% of all Americans will get a tax cut. About 14% will see no difference in their taxes. Some 6% of all Americans -- essentially all of whom are wealthy people in California, New York, New Jersey or Connecticut -- will see increases in their taxes. Think about that. Eighty percent will get tax cuts but only 17% think that they will. This will, no doubt, be a big (and a pleasant) surprise for most people. It won't take long for most people to realize that the Democrats were lying on this point.
Then there's the issue of economic growth. The Democrats and the media told Americans that giving more money to corporations won't get any benefit to the workers. The money will all be used for stock buy-backs (or so the Democrats told us). There won't be additional economic growth or more jobs created. This too is a lie. In fact, in just the two days since the bill was passed, large American corporations announced that over a million workers will get special bonuses to come from these companies tax savings. Obviously, the economic growth will come in the future. Indeed, it could be next summer before we see a real impact of the tax cuts. There are no prominent economists, however, who expect no extra growth from the tax cuts. There is debate as to the size of the benefit, but there is no doubt that over the next few years we will see more growth and more jobs. But that's contrary to what the Democrats/media said. Again, people will soon learn that the Democrats were lying.
So I ask again, will these lies by the Democrats and the media matter? When we get to next November, will voters remember that every single Democrat in Congress voted against giving them a tax cut? Will voters remember that as a group, Democrats fought against the tax cuts by telling lies? Will voters believe what the Democrats say in the election? It's the most important question of the 2018 election. If voters remember the lies, there is no way that the Democrats can do well. Lying to keep voters from getting higher take home pay is not something that most voters will appreciate. Let's hope that memories are good in 2018.
Since debate about the tax law began, Democrats and their allies in the media have been dishonest (to say the least) about what the tax bill will do. Democrat leaders like Chuck Schumer and Nancy Pelosi have told the country that most people will see tax increases rather than cuts. Pelosi repeatedly said that 83% of Americans will get tax increases while the benefits of the bill will go to the ultra-rich. These arguments have been parroted by Democrat after Democrat and then repeated by the mainstream media. The arguments have been so successful that according to recent polling, less than 20% of those polled thought that they would get a tax cut themselves. The problem, of course, is that what the Democrats and media have said is a lie. Starting in February, roughly 80% of all Americans will get a tax cut. About 14% will see no difference in their taxes. Some 6% of all Americans -- essentially all of whom are wealthy people in California, New York, New Jersey or Connecticut -- will see increases in their taxes. Think about that. Eighty percent will get tax cuts but only 17% think that they will. This will, no doubt, be a big (and a pleasant) surprise for most people. It won't take long for most people to realize that the Democrats were lying on this point.
Then there's the issue of economic growth. The Democrats and the media told Americans that giving more money to corporations won't get any benefit to the workers. The money will all be used for stock buy-backs (or so the Democrats told us). There won't be additional economic growth or more jobs created. This too is a lie. In fact, in just the two days since the bill was passed, large American corporations announced that over a million workers will get special bonuses to come from these companies tax savings. Obviously, the economic growth will come in the future. Indeed, it could be next summer before we see a real impact of the tax cuts. There are no prominent economists, however, who expect no extra growth from the tax cuts. There is debate as to the size of the benefit, but there is no doubt that over the next few years we will see more growth and more jobs. But that's contrary to what the Democrats/media said. Again, people will soon learn that the Democrats were lying.
So I ask again, will these lies by the Democrats and the media matter? When we get to next November, will voters remember that every single Democrat in Congress voted against giving them a tax cut? Will voters remember that as a group, Democrats fought against the tax cuts by telling lies? Will voters believe what the Democrats say in the election? It's the most important question of the 2018 election. If voters remember the lies, there is no way that the Democrats can do well. Lying to keep voters from getting higher take home pay is not something that most voters will appreciate. Let's hope that memories are good in 2018.
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