jimnyc
01-06-2018, 04:31 PM
Like it points out, it's normal for things to get reversed in midterms, not sure why, but I stated awhile back that there will be losses this year, just how many is the question. I'd like to think this article is correct, and perhaps so, or maybe at least help even things out a bit.
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America’s Booming Economy Will Smash Democrats in 2018
2018 is a midterm election year, and typically the party that holds the White House gets thrashed in the midterms. But just the opposite will happen this year for several reasons.
The first reason is that tax reform is going to work spectacularly with Trump’s deregulation to finally restore booming economic growth of four percent a year or more. Just like President John F. Kennedy’s tax cuts in the 1960s and President Ronald Reagan’s tax cuts in the 1980s, the critical tax rate cuts in the 2017 tax reform legislation will result in skyrocketing investment, flooding job creation, surging wages, swelling labor supply, rocking business expansion, rolling business creation and booming growth.
That will result in part because tax reform cuts taxes on the middle class and working people directly, which the Democrat-controlled media has strived mightily to keep secret. Even bigger for middle class and working people is the cut in the federal corporate rate from 35 to 21 percent.
Experience and the latest economic studies confirm that roughly 80 percent of corporate income taxes are actually paid by workers in the form of lost wages and jobs. That’s because in today’s global economy, capital is freer than families are to move across international borders.
America’s formerly outdated corporate tax rates averaged nearly 40 percent, counting state corporate taxes—roughly double Asia’s 20.1 percent and Europe’s 18.9 percent. Other countries worldwide have been cutting their corporate tax rates for decades, creating this crippling tax disadvantage. Those countries responded to global competition and the latest economic studies showing that workers in modern economies actually bear most of the corporate and business tax burden.
America is falling behind the times, crippled by socialist media and misleading Democratic rhetoric.
This is why tax reform focused on cutting corporate and business taxes, bravely doing the right thing for working people and the middle class. Too many voters do not understand this because the Democrat-controlled media won’t tell them.
Rest - http://observer.com/2018/01/tax-reform-booming-economy-will-smash-democrats-in-2018-elections/
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America’s Booming Economy Will Smash Democrats in 2018
2018 is a midterm election year, and typically the party that holds the White House gets thrashed in the midterms. But just the opposite will happen this year for several reasons.
The first reason is that tax reform is going to work spectacularly with Trump’s deregulation to finally restore booming economic growth of four percent a year or more. Just like President John F. Kennedy’s tax cuts in the 1960s and President Ronald Reagan’s tax cuts in the 1980s, the critical tax rate cuts in the 2017 tax reform legislation will result in skyrocketing investment, flooding job creation, surging wages, swelling labor supply, rocking business expansion, rolling business creation and booming growth.
That will result in part because tax reform cuts taxes on the middle class and working people directly, which the Democrat-controlled media has strived mightily to keep secret. Even bigger for middle class and working people is the cut in the federal corporate rate from 35 to 21 percent.
Experience and the latest economic studies confirm that roughly 80 percent of corporate income taxes are actually paid by workers in the form of lost wages and jobs. That’s because in today’s global economy, capital is freer than families are to move across international borders.
America’s formerly outdated corporate tax rates averaged nearly 40 percent, counting state corporate taxes—roughly double Asia’s 20.1 percent and Europe’s 18.9 percent. Other countries worldwide have been cutting their corporate tax rates for decades, creating this crippling tax disadvantage. Those countries responded to global competition and the latest economic studies showing that workers in modern economies actually bear most of the corporate and business tax burden.
America is falling behind the times, crippled by socialist media and misleading Democratic rhetoric.
This is why tax reform focused on cutting corporate and business taxes, bravely doing the right thing for working people and the middle class. Too many voters do not understand this because the Democrat-controlled media won’t tell them.
Rest - http://observer.com/2018/01/tax-reform-booming-economy-will-smash-democrats-in-2018-elections/