After a few false starts, a lot of angst, some defections, and a last minute dirty trick by the Democrats, along with a constant barrage of lies from the media, President Donald Trump’s tax relief bill was passed today and will soon be signed into law, probably before Christmas.
The Republicans have been pretty feckless in selling the Tax Cuts and Jobs Act, but, on the other hand, they were facing a united left-wing media and the entire Democrat Party arrayed against them. The lies that have and are still pouring out of the mouths of the anti-American, left-wing old media establishment is simply incredible.
One of the best advocates for the tax reform bill has been Townhall’s Guy Benson.
Benson is a never Trumper and a pretty establishment guy, granted, but his handful of articles revealing the lies thrown like handfuls of monkey excrement at this bill are must reading if you want to understand the benefits of the bill (see some of Benson’s articles linked at the bottom o this post).
But, Ben Shapiro at Daily Wire also posted a useful piece explaining some of the top things that the tax reform bill will bring the country.
In his Wednesday piece, Shapiro explains that most of the country will get a tax cut, that corporate rates will drop dramatically bringing us in for better competition with other countries, that the child tax credit will grow by $600 per child, that high income earners in blue states may pay more taxes (ha, I love that one), and that Obamacare is seriously undermined because the individual mandate has been canceled.
Like many on the right, Benson and Shapiro have been battling lie after lie about the tax reform package disgorged by the liberal media. As they do with practically every Republican measure, the media spent months claiming children would die, old people would starve, cats and dogs would be drowned in brackish lakes, and pretty flowers would wither because of the bill. But, despite the wringing of hands, we have already seen some positive results from a bill that hasn’t even been signed, yet.
Only hours after the House gave the bill its second nod of approval, telecom giant AT&T announced an additional $1 billion in capital spending and even said it was going to give $1,000 bonuses to its 200,000 employees.
As Breitbart News reported:
“If the President signs the bill before Christmas, employees will receive the bonus over the holidays,” AT&T said in a press release Wednesday.
The company said the bonus payments will go to union-represented, non-management, and front-line managers. In other words, the working men and women who President Donald Trump has promised will be helped by the tax reform bill.
“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” said AT&T chief Randall Stephenson. “This tax reform will drive economic growth and create good-paying jobs.”
AT&T was only one company to express satisfaction over the tax reform package.
Banking giant Fifth Third Bancorp said it would now be raising its minimum wage to $15 and dropping $13.5 million on bonuses because of the passage of the bill.
CNBC pushed out the news via Twitter:
JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. https://t.co/iv4i2MTAkO
— CNBC Now (@CNBCnow) December 20, 2017
CNBC went on to report:
Fifth Third … said the tax cut allowed it to re-evaluate its employee pay and pass along some of the windfall. Nearly 3,000 workers will see hourly wages rise to $15. The $1,000 one-time bonus is expected to be paid by the end of this year, the bank said, assuming President Trump signs it by Christmas.
Senior managers and top executives are excluded from the special payments. “It is good for our communities, employees and Fifth Third Bank,” said CEO Greg Carmichael in a statement.
Not to be outdone by its competitors, Comcast also announced bonuses and a big new investment package.
JUST IN: Comcast to give $1,000 bonuses to more than 100K "eligible frontline and non-executive employees" & invest $50 billion over the next five years in infrastructure "based on the passage of tax reform". https://t.co/YKho1O67Ek
(Disclosure: Comcast is parent co. of CNBC)
— CNBC (@CNBC) December 20, 2017
So, we are already seeing positive results of the passage of this bill. More will come and regular Americans will start seeing a bit more in the paychecks late in January or early in February.
Don’t be fooled by the doom and gloom, America. This is a good package. Is it perfect? Of course not. But this is far better than what we had and better than what the Democrats were proposing… of course, the Democrats didn’t have a proposal, so there’s that, too.
And when Americans begin to finally understand that the left lied about the problems this bill might bring, the Democrats will be left out in the cold. After all, not one single elected Democrat will get any benefit from this bill because not a single Democrat voted for it. This is the first time in history that not one Democrat crossed the aisle to vote for a tax cut.
Finally, as to Benson’s fine work, among many other great articles, Benson blew away the lie that the tax bill is a tax hike on the middle class and reported correctly that 80 percent of Americans will get a tax cut, destroyed the “dishonest liberal hysteria” over the bill, lays low the false claim that the bill is a “giveaway to the rich,” and exposed the “top two lies” that Democrats were throwing around to criticize the bill.
There are a bunch more, of course, but those are a few of his latest takedowns of the liberal critics of the tax bill. They are suggested reading.