For years and years, liberals have assured us that rich people don’t invest or spend money that they save with tax breaks. Rich people are greedy and evil people who hoard all the money they get and keep it to themselves. Anyone remotely familiar with money knows that’s not true so most rational people ignored Democrats who were hurling that talking point at the GOP during this whole tax reform debate.
It’s a good thing we ignored them too because immediately after the bill was passed and sent to Trump’s desk we saw company after company prove liberals wrong.
Here are just a few examples.
From USA Today:
A handful of U.S. companies are already promising to pay one-time bonuses to their employees and bump up hourly pay if President Trump signs into law the tax reform bill that has been voted on by the Republican-led Congress.
AT&T was the first company to go public with its plans to pass along coming tax savings to workers, saying once the tax bill is passed it would pay a special $1,000 bonus to more than 200,000 of its non-management workers. Front-line managers, the company said, will also be included in the bonus pool. The bonus could hit employees paychecks over the holidays if Trump signs the bill before Christmas, the company said in a statement. The telecom giant also confirmed it would invest $1 billion more in the U.S. in 2018.
Comcast announced Wednesday that it would award one-time $1,000 bonuses to more than 100,000 employees, which would include frontline and non-executive employees.
That’s just the tip of the iceberg.
The list of companies who are giving back thanks to these tax breaks is growing by the hour.
Now, we can add Trump’s friend and New England Patriots owner Bob Kraft to the list.
He’s getting in on the action.
President Donald Trump announced that New England Patriots owner Robert Kraft told him of plans to build a factory in North Carolina as a result of his tax cut bill.
“He just wanted to let me know he’s going to buy a big plant in the great state of North Carolina,” Trump told reporters.
The Kraft Group owns International Forest Products as well as RandWhitney, a packaging company.
How cool is that?
Obviously, liberals will find some way to say this doesn’t matter but they will just look silly. The bottom line here is that 80% of households are going to see a tax decrease. That’s incredible. That’s more money to spend, save, or do whatever you want with.
How do Democrats explain the fact that not a single one of them voted to give Americans relief?
Democrats are freaking out about this tax bill and it’s hard not to come to the conclusion that they know how screwed they are. They are desperate. They remember Reagan’s landslide when he ran again after lowering taxes and they know that lowering taxes on almost everyone is a good thing. They also know this will be rocket fuel for the economy.
The louder they scream. The more sense this makes.
[Note: This post was written by Andrew Mark Miller]