The Trump Tax Cut will benefit poor and middle income Americans - Granite Grok

The Trump Tax Cut will benefit poor and middle income Americans

pdf header tax cuts jobs act2To the Editor:

Americans could almost be excused for believing the lie that the Trump tax cuts would harm poor and middle-income Americans because Democrat politicians and the mainstream media have been lying about it so persistently, enthusiastically, and authoritatively. But rational Americans have learned to question everything that Democrats, including most of the mainstream media, say.

The Trump tax cut will benefit poor and middle-income Americans; even the Washington Post admits that about 8 in every 10 Americans will see a tax cut next year. Working Americans should see the benefit in their February paychecks. Only about 5 percent of Americans, almost exclusively people with incomes in the top 10-15 percent, will have a tax increase.

The standard deductions and child tax credits are greatly increased. For many Americans, perhaps millions, tax preparation will be greatly simplified so they will save hours of labor and frustration and can avoid hiring tax preparation help.

The corporate tax changes should be even more beneficial than the personal income tax changes; they improve the US business environment, slowing or stopping the movement of jobs overseas, instigating a new wave of foreign and domestic investment in the US, increasing profits which benefit investors and worker retirement plans, and most importantly by creating more and better jobs for US workers.

Democrat Senator Schumer said the corporate benefits will only go to the CEOs and not to workers, but he lies. Already many companies, even before getting the benefit from the tax cuts, have promised bonuses, increased wages, increased investment, and other increased spending to benefit workers all because of the Trump tax cuts. E.g., AT&T promised $1,000 bonuses to over 200,000 employees and a new $1,000,000,000 investment in the U.S. which will grow jobs.

Democrat Nancy Pelosi called the Trump tax cut, “Armageddon” which it should be for Democrats because all Democrat politicians voted against reducing taxes, against simplifying tax preparation, and against creating an economic environment that will provide more and better jobs for American workers.

Republicans want everyone to prosper, to have challenging and rewarding jobs, and more enjoyable lives. But Democrat politicians’ power depends on having millions of poor and dependent people; Democrat politicians’ greed for power and wealth makes them vote against policies that help people succeed and prosper. And that’s why only Republican Senators and Congressmen voted for the Trump tax cuts, the Tax Cuts and Jobs Act of 2017 that President Trump signed before Christmas, which have already begun making Americans more prosperous, making their lives more enjoyable, and making their futures brighter.

Don Ewing

>