
The Left will never make America great again with their ideas – just ask our Founding Fathers.
Thomas Jefferson eloquently argued in favor of setting businesses free. It was his belief that private firms, unfettered by intrusive government regulation and taxation, would generate economic growth that would benefit all.
As usual, he got it right. It’s the left that got it wrong. And that insists on continuing in its error.
Yet the reason those on the left pursue obviously flawed economic policy is understandable. Give the government the power to regulate and tax, and specific legislators can then be “rewarded” by those firms and industries that receive preferential treatment.
While meddling in the affairs of businesses and taxing them into oblivion are practices most often associated with the Democrats, they are not the only guilty party.
It should come as no surprise that President Trump’s tax cut bill will energize businesses and benefit American workers. This is what terrifies his political opponents.
If people finally figure out that cutting taxes winds up helping everyone, the Democrats are in trouble. And residents of Washington, DC are already reaping the benefits of the tax bill: Their utility bills are going down.
“This week, Pepco announced that because of the bill’s game-changing corporate tax reduction (slashed from 35{75726800c12fe2ebed14402fd98444a61f7eda42751f92330bc58faf20bd8821} to 21{75726800c12fe2ebed14402fd98444a61f7eda42751f92330bc58faf20bd8821}), 300,000 customers in Washington, D.C. will see lowered costs.”
Pepco says it will lower electric bills for almost 300,000 ratepayers in D.C., largely because its corporate tax rate was slashed from 35 to 21 percent in GOP tax bill. pic.twitter.com/St9Vym5ILF
— Martin Austermuhle (@maustermuhle) January 9, 2018
“As The Daily Wire’s Ryan Saavedra highlights, so far around 100 companies — many of them major national companies — have announced that they are increasing bonuses, wages, and/or charitable giving.”
Of course, the left will find some “greedy” big-businessmen who will just pocket the gains accruing from the tax cuts.
(As though there is anything wrong with private individuals or businesses doing what they want with their own money. This sort of economic freedom is abhorrent to the liberals.)
Yet while such a statement as “greedy businesses just pocket tax cuts” might sound good in the context of the politics of envy, it really doesn’t even make any sense. And it’s none of Congress’ business what private individuals and firms do with their money.
In fact, if you want to get nasty, one can rightly tell Congress to put the government’s house in order before it preaches financial management principles to the private economy.
Again, the left’s problem with the tax bill is that they know it will build the economy. And the Democrats could hardly have expressed greater opposition to it.
So, no doubt they are already trying to figure out their responses to the questions they know their opponents will be asking during the upcoming campaign: “Could you explain why you opposed the tax bill in the light of a growing economy?”
Good luck with that one.
Source: Daily Wire