It is disturbing to hear uninformed, well-off Americans complain about their share of the Trump tax cuts.
Despite Trump’s repeated intention of primarily effecting tax cuts for the middle and lower segments of our economy – people in the well-off sectors still complain. Why?
Clearly, the upper quartile of earners fails to recognize their relative affluence – and the fact that the lower quartile’s have not, in most cases, kept up with inflation – much less having received real wage increases.
Trump clearly recognized this deficiency in our society and pledged to do something about it during his campaign. And with the help of his Republican brothers in Congress, he has made that happen via the Republican tax cuts. Not a single Democrat voted for it!
There also seems to be some confusion about the cause of one’s taxes: local, state, federal, sales, and business.
Clearly, Trump recognizes the importance of US business competitiveness in the global economy. Thus, he battled for a significant reduction of business taxes to 21%. That will, at least, make American industry competitive with foreign producers. A more competitive American industry going forward will enhance employment and wages.
Already Black unemployment is at an all-time low. Overall unemployment is also at a low of 4.1%. American national wealth is up by $7.1 trillion in less than a year of Trump’s election. That’s a gigantic leap in national wealth, which will only serve to enhance US competitiveness, employment, wages, economic growth, etc.
Trump’s goal of Making America Great Again requires greater equality. He clearly knows how to make that happen. His greatest challenge in doing so is in overcoming Democrat and Leftist-liberal smear tactics – and their determination to return our nation to the doldrums of the Obama agenda. Heaven forbid!
Trump was hired to be a national-enterprise leader – a result producer – not a social director. His first year performance in this regard is impressive as summarized below:
· 1500 fewer business regulations
· more constitutionally oriented judicial appointments
· GDP growth over 3.1% versus Obama’s less than 2% eight-year record
· 93 record-setting Dow Jones averages since Trump’s election
· national wealth increase over $7.1 trillion – and substantial growth in individual IRAs and 401(k)s
· unemployment down to 4.1% – the lowest in 17 years
· over 2 million new jobs created
· more rational commitment to immigration and border control – the wall
· strong commitment to fair trade
· enlightened tax policy to encourage economic development, U.S.-based manufacturing and employment, and foreign profit recall
· stronger commitment to our military, national security, and law-and-order
· military success in the Middle East
· withdrawal from the one-sided Paris accord
· opening energy pipelines thus achieving energy independence
· opening Alaska and the central states and the coastal sea-shelf for energy development
· visiting Europe, China, Japan, and other foreign nations – promoting American business and jobs
· reduction in government and White House employment and spending
· can-do, make-it-happen leadership from the top
· America-First – America-Great-Again Strategy
Image: Excerpted from: CC0 Creative Commons; https://pixabay.com/en/emotions-man-happy-sad-face-adult-371238/