Much was made last week about the Congressional Budget Office’s scary updated deficit forecasts, which many on the Left used as a cudgel to batter the new tax reform law as fiscally reckless. I’ve addressed the deficits and debt angle regarding the tax cuts here and here — making the case that our growing red ink crisis is overwhelmingly attributable to a spending problem, not a revenue shortfall. In any case, here’s some news out of the latest CBO report that Democrats, quite unlike Republicans, won’t be so eager to tout:
CBO’s recent report now projects 156.8 million jobs in America by year-end 2027—2.6 million more than in its June 2017 Outlook.????⬆️❗️
CBO attributes an average of 1.1 million add’l jobs over the next 10 years to the ???? Tax Cuts and Jobs Act.????
More: https://t.co/YzzvC2Brt2 pic.twitter.com/E5FGMBQNK7
— JEC Republicans (@JECRepublicans) April 16, 2018
Between the across-the-board tax cuts benefiting the massive majority of US taxpayers and this good news from CBO, it would appear that the “Tax Cuts and Jobs Act” was aptly named. And as a reminder, the job creation side of the reform package is largely thanks to the corporate tax cuts — which liberals have demagogued, despite their economic wisdom. Recall that Democrats, all of whom joined in lockstep opposition to the bill, are vowing to repeal this tangible progress. More than 500 US companies have rolled out new benefits, bonuses and wage increases as a direct result of tax reform, helping more than four million US workers. Here’s the latest example of good news that Democrats are eager to cancel:
ARMAGEDDON UPDATE: Major Ohio-based grocery chain announces 11,000 new jobs, $500 million in increased wages/benefits to workers & a substantial charitable investment, thanks to tax reform — which Democrats would like to repeal.https://t.co/8iIkvc17vy
— Guy Benson (@guypbenson) April 16, 2018
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Meanwhile, the president was in Florida yesterday to promote the tax law, alongside Sen. Marco Rubio. Trump touted its benefits, with Rubio talking up the increased child tax credit that he worked to secure in the bill. As we’ve seen at other similar events, attendees expressed gratitude for tax reform’s positive impacts on their families’ bottom lines. As elite Democrats sniff at “crumbs,” more and more working people are very pleased with their improved financial standing…
I’ll leave you with Senate Majority Leader Mitch McConnell cheering on the strong economic trends buoyed by tax reform — which many Republicans see as perhaps their strongest asset in a challenging midterm horse race…
[WATCH: The Importance Of Personal Responsibility]
