Tax Reform Myths and Realities

Spectator ^ | January 17, 2018 | Ron Ross

[lowbuck]

The recently enacted tax reform/tax reduction is possibly the most misinterpreted and misrepresented policy change in the history of policy changes. For example, it has been accused of benefiting only the wealthy and of adding $1.5 trillion to the federal debt. There are numerous reasons to be highly skeptical of both these assertions. . . snip

In a single masterful stroke Trump and his fellow Republicans have increased the net profits of virtually every corporation in America. That is going to set off an economic chain reaction. . . snip

Consider the implications of what could well happen. Lower taxes, a healthier economy, more wealth, all accomplished with absolutely no help from the Democrat Party. Optimism wins, pessimism loses. If the tax cuts and reduced regulations continue to stimulate the economy, there is bound to be increased enthusiasm in the future for doing more of the same. That will be a body blow to everything the Democrats stand for.

[lowbuck]

Are you getting tired of winning yet?

[DoughtyOne]

So,... much,... WINNING!

I'm out of breath...