A column by Sam Lipscomb at Yahoo just a few weeks back was typical.
It charged that the tax cuts enacted under President Trump were “for the wealthy and corporations.”
However, Stephen Moore, in a column at the Washington Examiner, now reveals that the “cuts” actually produced increased revenue for America.
Moore, who confirms he worked with fellow economists Larry Kudlow, Arthur Laffer, and Kevin Hassett on Trumps plans, charged, “How many times have you heard President Joe Biden or Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) berate the Trump tax cuts as ‘a giveaway to the rich?'”
He warned that Biden now wants to let expire major parts of the Tax Cuts and Jobs Act of 2017, especially the incentives for American businesses to invest more at home.
However, he said, “We now have incontrovertible evidence that after five years since they took effect, the Trump tax rate cuts of 2017 raised revenues over this time period.”
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He explained, “The latest Congressional Budget Office report released earlier this month calculated that the federal government collected $4.9 trillion of federal revenue last year. This was up — ready for this? — almost $1.5 trillion since 2017, the year before the tax cuts became law.”
Do tax cuts produce higher revenue for America?
100% (6 Votes)
0% (0 Votes)
The reality is that revenues were up 40% in five years.
“The evidence through the first three years of the tax cut finds that the share of taxes paid by the wealthiest 1% rose as well. So much for this being a tax giveaway for the rich,” he wrote.
He said the result from Trump’s work was higher growth, higher tax payments – all based on lower tax rates.
That shouldn’t surprise anyone, he pointed out, as the same results came under both Presidents John F. Kennedy and Ronald Reagan.
But he warned, “None of this seems to matter to the White House or congressional Democrats. They want to monomaniacally repeal a tax cut that worked. This would be like firing a coach who wins every game.
“One of the most important and successful features of the Trump tax plan was reducing the tax rate on American businesses from 35% — the highest in the world — to 25% while closing special interest loopholes. This brought businesses and jobs back to these shores and helped fuel the Trump economic boom. “
But he said there is a question to be answered. “Why are we running a $1.4 trillion deficit if we have an all-time high in tax payments?”
EDITOR’S NOTE: What is behind the current war against America’s children? Why are so many adults killing their unborn children right up to the moment of birth, or even after? Why are millions of kids sexualized virtually from birth, and injected with an experimental “vaccine” proven to be both ineffective and dangerous, then as toddlers transported to events glorifying mentally ill, demonically possessed men dressed as women?
Why are America’s children systematically sexualized at school, and by transgender recruiters on social media platforms like TikTok, seducing many into “identifying” as the opposite gender, or a brand-new imaginary gender, then encouraged to take powerful drugs and hormones and have their healthy breasts amputated or undergo chemical or surgical castration?
Why are our children simultaneously indoctrinated with toxic Marxist ideologies like “critical race theory” intended to condition them to hate and reject their own country, parents, faith, race, gender and themselves? Why are they simultaneously being frightened of the future by being fed lurid, terrifying – and groundless – apocalyptic tales of the imminent destruction of the world due to global warming?
No wonder youth suicides have skyrocketed, as have depression, anxiety, addiction and drug overdoses. Indeed, fentanyl, the No. 1 cause of death of younger Americans 18 to 45, destroys multitudes of children annually.
Make no mistake: The harm being done to America’s children in this multi-front war is not accidental: Children are the primary target.
WHY? How can all this be happening in the greatest nation on earth? Who and what is behind it? And HOW CAN IT BE STOPPED?
Find out in the explosive January issue of WND’s critically acclaimed monthly Whistleblower magazine, “WINNING THE WAR AGAINST AMERICA’S CHILDREN,” available in both print and state-of-the-art digital editions.