"The polls sponsored or cited by news organizations indicate that only between one-third and half of all Americans support the tax cuts signed into law Friday by President Trump. But the first thing to remember about these polls is that they were conducted by the same pollsters who told us Hillary Clinton would be elected president last year.
"However, there may be some truth to the finding in the polls that many Americans have an astounding ignorance of economic history. This needs to be addressed.
"The economic concepts involved in the justification of the new tax cuts are not difficult to understand. However, the interpretation given by Democrats to justify their opposition to the tax reductions is being accepted much more widely than the Republican rationale in favor of tax cuts.
"Ever since Democrat Franklin Roosevelt won the presidency in 1932 by blaming the Depression on the perfidy of large corporations, Democrats have preached that government is the answer to all our troubles and that high tax rates are required to pay for government. If you accept this premise, you wind up concluding that corporations are bad and government is good.
"The middle class will see its main benefits from the expansion of the economy – higher wages, more price competition, more new businesses and more money floating around.
"As Rush Limbaugh has pointed out, Democrats have never accepted the fact that President Reagan’s tax cuts in 1984 and 1986 brought about 20 years of prosperity in America. The result is that the Democrats have rewritten history: Reagan’s tax policies were bad and Obama’s tax policies were good, they claim.
"Here are five simple facts:" . . . By Lawrence Fedewa
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| CDN |
