by Susan Duclos, All News Pipeline:
Most of us have heard the expression “when pigs fly,” in reference to the impossibility of some event actually having a chance to happen, but over the past week we have noted a number of things many doubted they would ever see occur….. are happening right now.
It appears that some of the most virulent Trump haters are receiving a colossal reality check.
TAX REFORM PASSES
The huge news yesterday was the passage of a historic tax reform bill, one which was bitterly fought by Democrats in Congress and their sycophants in the media, calling it an apocalypse, swearing that once again that millions would die, when in reality the majority of Americans, rich and poor, would simply be allowed to keep more of their own money, which to liberals who think all your money belongs to the government, pretty much is Armageddon!
The hysteria was over the top even for liberals, with media talking heads publicly melting down throughout the last two days, feeding their audiences deliberate lies and false equivalence arguments, but we did note a flying pig, figuratively speaking of course, when a member of CNN actually admitted that the $1.5 trillion tax cut provides working families with “damn good money.”
CNN host John King said, “The Republicans are making a big bet, taking a big risk.”
King continued on to state “Will over time the American people say, ‘Oh, actually I like having more money in my pocket. Oh, they did hire more people at the factory down the street.’ That’s their big bet.”
“Not one Democrat has voted for a bill that cuts taxes by $1.5 trillion,” King said. “To Abby’s point, if you’re a working class family, a lot of people say, ‘Oh, it’s only $200, $300,’ but if you’re a working class family living paycheck to paycheck, $200-$300 is damn good money and you are grateful for it.”
There is a lot to cover in this article, and I am not a policy wonk nor an accountant or tax expert, so I will leave the explanation of exactly what is and isn’t in this tax reform bill for those more knowledgeable. Some good sources and explanations are at PJ Media “5 Things to Know About the Final Republican Tax Reform Bill,” and Forbes “Here’s Why Corporate Tax Reform Is For Everyone,” and TownHall’s “The Facts vs. the Left’s Top Two Lies About Tax Reform.”
The immediate effect for those living paycheck to paycheck is that starting in February, the IRS will be withholding less out of each paycheck, sending workers home with more of the money they earned.
The Tax Cuts and Jobs Act can be read in its entirety at https://www.congress.gov/bill/115th-congress/house-bill/1
BIG BUSINESSES ANNOUNCEMENTS- RE: TAX REFORM
AT&T – Immediately after the passage of Tax Cuts and Jobs Act, AT&T issued a statement: “Once tax reform is signed into law, AT&T* plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees — all union-represented, non-management and front-line managers. If the President signs the bill before Christmas, employees will receive the bonus over the holidays.”
Comcast has also announced they will be giving $1,000 to more than 100,000 of its employees as a result of the passing of the Tax reform bill, as well as investing $50 billion over the next five years in infrastructure toward its “broadband plant and capacity, and our television, film and theme park offerings.”
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