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Posted by: thepinetree on 01/18/2018 02:29 PM Updated by: thepinetree on 01/18/2018 02:29 PM
Expires: 01/01/2023 12:00 AM
:

The Question Democrats Fear Most. ~ Op-Ed by Rep. Tom McClintock CA-04

Roseville, CA...As the tax reform bill entered its final consideration in December, one congressional Democrat confided to a colleague that the reason they so vehemently opposed it was that they were afraid it would work. With the bill now signed into law over unanimous Democratic opposition, every American family is about to find out.




According to polls, most people believe it will mean tax increases and a declining standard of living for middle class families. They believe it because that’s what the Democratic machine and the left-stream media have told them. It will be hard to maintain that narrative – or preserve a shred of political credibility –

if people perceive that their paychecks are growing, their opportunities are increasing and their family finances are improving.

Indeed, the day President Trump signed the bill, companies across America began announcing bonuses, pay raises and major new investment plans in the American economy. And these announcements keep coming.

A variety of calculators are already available on the Internet so that every family can see for themselves whether they personally benefit from the tax cuts – and by how much. (Check out taxplancalculator.com for a quick glimpse at how your family benefits). Even in my over-taxed home state of California, the rate reductions in the final bill more than compensate for limitations on state and local tax deductions for almost every family.

In February, withholding tables will reflect the newer, lower rates and the take-home pay for working Americans will jump – even before accounting for the surge in wages that always accompanies an economic expansion.

By spring, most economists expect a significant burst in economic growth resulting from stranded offshore capital being repatriated because U.S. tax barriers have come down, new capital acquisitions being made because of immediate expensing reforms, and new investments being triggered by an internationally competitive corporate tax rate.

In addition to claiming the tax reform will produce only middle-class misery and economic malaise, Democrats have also maintained that millions of Americans will lose their health insurance.

How so? Because the tax reform removes the stiff tax penalties levied against 6 ½ million families who chose NOT to purchase over-priced Obamacare policies – a minimum of $2,100 for a family of four. These families will now have that money available to meet their needs according to their own judgment. The claim comes from the assumption that 13 million Americans now coerced into buying Obamacare plans will chose cheaper alternatives now that the mandate is removed. This invites the question, if Obamacare is so wonderful, why must we force families to buy it? And if 6 ½ million families already prefer paying the penalty to buying the insurance, what does that say about the signature achievement of the Obama Democrats?

The Democrats have seized on projections the reform will add $1.5 trillion of new debt over the next ten years, based on their assumption it will produce no economic growth. Yet, when Ronald Reagan cut the top marginal tax rate by half, a growing economy caused income tax revenues to double. Several prominent economists, including Martin Feldstein and Arthur Laffer, are predicting an additional $1.5 to $2 trillion of new tax revenues to all levels of government solely due to economic expansion.

The strangest attack is that the personal income tax cuts expire in eight years, leaving many Americans worse off. This provision was due solely to archaic Senate budget rules. It’s a very dangerous argument for Democrats to make, since every American knows the permanence of the tax cuts depends entirely on which party is in power. Democrats have left no doubt if they are returned to office, the tax cuts are over. And Republicans have made it just as clear that their unfinished business is to make the cuts permanent. Let’s see what people prefer this fall.

Ronald Reagan asked a simple question both in 1980, when he ran against the economic malaise of the Carter years, and again in 1984, after he had implemented the same pro-growth policies Donald Trump is now implementing. “Are you better off today than you were four years ago?” No politician or pundit can spin the answer to that question – every American knows it precisely in their own lives. That question devastated Democrats in both elections because the answer was self-evident.

Republicans are now uniquely poised to ask it once again.


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
The Question Democrats Fear Most
Posted on: 2018-01-18 14:37:33   By: Anonymous
 
Why are you so STUPID ?

[Reply ]

    Re: The Question Democrats Fear Most
    Posted on: 2018-01-18 14:47:16   By: Anonymous
     
    Well I feel better after my elected official drove me to the voting precinct and told me what victim group I am in. Who knew I was so pathetic? I feel much better knowing it is someone else's fault for my life.

    [Reply ]

      Re: The Question Democrats Fear Most
      Posted on: 2018-01-18 14:51:23   By: Anonymous
       
      Yep, your life would be perfect without those evil old white men. Lincoln, especially.

      [Reply ]

        THE RACIST DECLARATION
        Posted on: 2018-01-18 17:14:30   By: Anonymous
         
        TRUMP, AND MCCLINTOCK SAY

        IF ECONOMY IS GOOD, RACISM OK

        REPUBLICANS AGREE

        [Reply ]

          Re: THE RACIST DECLARATION
          Posted on: 2018-01-18 17:19:30   By: Anonymous
           
          The Big Blue Wave is coming to get them.

          [Reply ]

    Re: The Question Democrats Fear Most
    Posted on: 2018-01-18 17:05:31   By: Anonymous
     
    Trump and McClitnock say:

    If economy is good, racism OK.

    [Reply ]

      Re: The Question Democrats Fear Most
      Posted on: 2018-01-18 17:06:38   By: Anonymous
       
      Trump believes the better the economy gets, the more he can get Republicans to buy into his agenda of ethnic cleansing.

      [Reply ]

        Re: The Question Democrats Fear Most
        Posted on: 2018-01-18 17:11:21   By: Anonymous
         
        McClintocks a racist

        [Reply ]

          Re: The Question Democrats Fear Most
          Posted on: 2018-01-18 17:12:04   By: Anonymous
           
          racist .......................... AND EVERYBODY KNOWS IT.

          [Reply ]

          Re: The Question Democrats Fear Most
          Posted on: 2018-01-18 21:02:10   By: Anonymous
           
          Oh I’m so tired of that garbage. Racist, you’re one, he’s one, theres two,when are we going to quit.? You Demos lost, get over it.

          [Reply ]

        Re: The Question Democrats Fear Most
        Posted on: 2018-01-18 17:18:11   By: Anonymous
         
        So now Trump isn't just racist he is for ethnic cleansing? Oh my, how about something just a little more rational like "Here is how we are going to make the lives of average Americans better" If you can answer that you won't have to go full crazy

        [Reply ]

    BIG BLUE WAVE
    Posted on: 2018-01-18 17:08:33   By: Anonymous
     
    THE BIG BLUE WAVE IS GOING TO WASH ACROSS THE USA AND SEND ALL THE REPUBES OUT TO SEA WHERE THEY CAN SWIM TO A DESERTED ISLAND AND START THEIR NEW COUNTRY WITH TRUMP AS DICTATOR.

    [Reply ]

    Re: The Question Democrats Fear Most
    Posted on: 2018-01-18 17:10:14   By: Anonymous
     
    Mc ClitNock needs to ask what the hell is HE doing??

    [Reply ]

No Subject
Posted on: 2018-01-18 14:56:36   By: Anonymous
 
Except historically trickle down economics doesn’t work - including under Reagan. Meanwhile those with real wealth will make more, at least until the next “correction.”

[Reply ]

    Re:
    Posted on: 2018-01-18 15:07:09   By: Anonymous
     
    You are right especially for Apple employees this week. $2,500 each and hiring 20,000 more. Just horrible, "shudders"

    [Reply ]

      Re: ROTTEN APPLES
      Posted on: 2018-01-18 17:01:54   By: Anonymous
       
      Im sure all the hundreds of Calaveras County Apple employees are celebrating.

      [Reply ]

    Re: Trickle Down Economy
    Posted on: 2018-01-18 17:03:50   By: Anonymous
     
    Republicans have been trying trickle down economics for decades. It don't work. Rich keep getting richer, poor keep getting poorer. Its just rich people pissing on poor people.

    [Reply ]

tax bill
Posted on: 2018-01-19 12:43:15   By: Anonymous
 
Bread and circuses. Eric Jung Bear Valley

[Reply ]


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