The recent tax modernization is benefiting American workers. For those still not convinced, ask Wal-Mart employees, who received a $2 hourly raise and a $1,000 bonus.
Strangely enough, Rep. Nancy Pelosi described this amount as nothing more than “crumbs,” when these bonuses account for real assistance to Kentuckians.
Some label it a tax cut for the rich, and others mouth the tired Keynesian argument that it will increase deficits. Both assertions are misnomers.
Cutting the corporate tax rate from 35 percent to 21 percent was a defensive move. Anti-growth advocates have promoted columnist Thomas Friedman’s position that “the world is flat.” In short, they want to keep the corporate tax rate high, so that companies will ship jobs overseas. More prosperity will be created abroad, but at the expense of the American worker.
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In essence, it is globalism versus Americanism. Tax cut supporters believe charity begins at home. This is the America First position that swept President Donald Trump into office. They also believe American workers know best how to invest their money. Those opposing the tax cut argue that government knows best.
Those favoring tax modernization, including our own Rep. Andy Barr, demonstrate their belief in American exceptionalism by fighting for Kentuckians through tax reform. In effect, Making America Great Again.