Opinion: Democrats’ criticism of the GOP tax plan is political, not authentic
EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations.
WASHINGTON (Sinclair Broadcast Group) - Taxes. We know they are necessary to fund the government, pay for our national defense and vital infrastructure. However, does anyone actually want to pay more taxes? If you listen to certain folks from the Democrat Party, and members of the media, you would think so.
The reality is that the tax reform which is speeding to the finish line is going to be great for us as a country. Projections show that the tax cuts will result in consistent 3 to 5 percent annual GDP growth on top of the economic expansion that's already happening right now, according to the Council of Economic Advisors.
Both the House and Senate version of the tax bill ensure that Americans earning up to $24,000 pay no taxes - that is double the current $12,000 limit. This is a direct benefit for Americans who are nowhere near the top 1 percent. Small businesses will get a tax cut, as well. No wonder ¾ of millennials surveyed in a recent poll support the need for tax reform.
The most hand-wringing by opponents of the tax bill is reserved for the corporate tax cut, as if it’s a bad thing that small, medium and large businesses which employ Americans throughout the country will get to keep more money so they can grow and hire more people. According to the Bureau of Labor Statistics, almost 150 million Americans are employed by a business - so it’s a pretty good thing when those businesses have more resources.
Here is the bottom line: my sense about the overreaction from those who claim that tax reform would ruin America is that they simply cannot accept that Donald Trump and the Republican Party are on the brink of a major achievement that will benefit Americans and will resonate come election time in 2018 and 2020.