The struggle among Congressional Republicans to design a tax
reform bill was an arduous process, with constant opposition and obstruction
from Democrats, and more than a little internal discord, as Republicans objected
to some features that were contained in the bill and displeased that other
features were missing. Now that it has been completed and the Tax Cuts and Jobs
Act has been signed into law, whether what Congress produced is good or bad depends
upon whom you ask, as is always the case in political matters.
It should surprise no one that liberals/Democrats would not
support a bill that lowers tax rates on their hated enemies, the rich and the
corporate world, even though it lowered taxes on everyone else or nearly
everyone else, too.
These days a perfect bill is virtually impossible, since they
most always are hundreds of pages long, and are contain numerous elements, some
of which can be guaranteed to evoke opposition. Add to that the idea of
transforming the maddeningly complex tax system, and the possibility of a
smooth and easy passage quickly disappears.
Predictably, Congressional Democrats are busy using their
own special talents to distort the bill to generate public opposition among
their constituents.
Sen. Elizabeth Warren, D-MA, was shown on YouTube expelling
copious amounts of carbon
dioxide on the Senate floor: “[T]his bill doesn't provide middle-class
tax relief, it ultimately raises taxes on more than 60 percent of working
families in this country,” concerning what might happen years in the future.
She also imagines that Republicans “know that this bill
won't raise wages for working people.” Apparently, she hadn’t heard that several
large businesses have just raised their lowest employee hourly rate to $15, and
others have given $1,000 bonuses. Warren doesn’t let the facts get in the way
of a good rant.
But she was actually right one thing: there was “no input
from a single Democrat,” since her party refused to participate.
House Minority Leader Nancy Pelosi, D-CA, even referred
to the bill as the “end of the world” and “Armageddon.” No enemy of
hyperbole, she also stated on the House floor that it was “an all-out looting
of America” and “the worst bill to ever come to the floor of the House.”
She
charged with a straight face that the bill “raises taxes on 86 million
middle-class households” and “hands a breathtaking 83 percent of its benefits
to the wealthiest 1 percent of Americans.”
Pelosi
recently tweeted: “Shamefully, Republicans were cheering against the children
as they rob from their future and ransack the middle class to reward the rich #GOPTaxScam.”
She has
suddenly gotten religion about spending, but apparently doesn’t remember that while
she was Speaker of the House over $5 trillion was added to the national debt.
And Sen. Chuck Schumer, D-NY, blathered, “Under this bill
the working class, middle class and upper middle class get skewered while the
rich and wealthy corporations make out like bandits. It is just the opposite of
what America needs, and Republicans will rue the day they pass this.”
And
this fantasy: “Today, the President gave himself an early Christmas present -
an estimated $11 million tax cut. Who paid for it? My middle class constituents
in New York,” the vast majority of whom will see their taxes lowered.
What
happens when their constituents find out that this trio is lying to them?
Offering his two cents worth, Sen. Bernie Sanders, I-VT, let
loose with this bit of idiocy: “Nearly 13 million Americans are
expected to lose their health insurance under the tax bill due to the loss of
the individual mandate,” Sanders yammered.
The tax bill removes the mandate to buy health insurance; it
does not take away anyone’s insurance. The only people who will lose coverage
under the bill are those who decide not to buy it. That is called “freedom,” a
concept Sanders and those on the far Left don’t understand.
Any bill of this size and complexity will contain something
that nearly everybody can find fault with. In such circumstances the adage
“don’t let the perfect be the enemy of the good” is sound advice for all of us.
And we need to remember that there is ample time to identify problem areas in
the bill and address them.
With that in mind, here is part of a summary from The
Heritage Foundation that explains important aspects of the bill: The U.S. tax
code is sorely in need of reform. The Tax Cuts and Jobs Act is the most
sweeping update to the U.S. tax code in more than 30 years. The bill lowers
corporate and individual tax rates for the vast majority of Americans, doubles
the standard deduction, expands the child tax credit, and repeals the
individual health care mandate.
That last sentence identifies measures that are good for the
general economy and for most all Americans. Putting more money in the hands of
the people will expand economic activity, thereby increasing demand for goods
and services, and creating jobs and improving lives.
Congressional Democrats don’t like the tax bill, because the
worst thing for their election hopes is a good Republican economy.
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