Sunday, December 3, 2017

"Tax cuts for the rich?"

The Democrat Party and its Media allies continue to demagogue the pending tax cut bill thus to gin up opposition to it. So, let's be frank and accurate about what is going on.

Mitt Romney alluded to the fact that 47% of the electorate does NOT pay federal income tax. In addition, the top 20% of earners pay over 90% of the income tax. If we want to stimulate the economy by lowering taxes, we need to lower tax rates for people that actually pay taxes.

The case for lowering tax rates to stimulate the economy is by now proven beyond a shadow of a doubt. From John Kennedy to Ronald Reagan the evidence clearly show that reducing tax rates works in stimulating the economy.

The Socialist Party (the Democrats) claim that this is unfair that the tax cuts only benefit the "rich." This is, of course, is a lie. An expanding economy benefits everyone. In an expanding economy local governments can spend more on education, building medical facilities, spending on infrastructure such as safer roads, provide for more police to keep us safe from criminals and on the federal level to keep our country strong and safe as well as prosperous.

The Socialists (the Democrat Party) wants to keep the economy slow so more people are dependent on it for "benefits." They want to continue creating an underclass that is dummed down and does not understand the connection between low taxes and a better economy. That's the story in a nutshell.

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