The House passed the most sweeping tax overhaul in decades on Tuesday, taking a significant step to cutting taxes for most American households and businesses.
With 227 Republican votes, the House approved the tax cut bill on Tuesday afternoon. No Democrats supported the measure, and 12 Republicans voted against it.
President Donald Trump gave celebratory remarks on the White House Lawn.
He said: “It hasn’t been done in 34 years. But actually, really hasn’t been done, because we broke every record. It’s the largest — I always say the most massive — but the largest tax cut in the history of our country — and reform — but tax cut.”
Before the vote, chants broke out, with several people screaming “shame” and others saying “kill the bill, don’t kill us.” One woman even screamed right at Speaker of the House Paul Ryan (R-WI), calling him a “liar.”
During a press conference, Minority Leader Nancy Pelosi said: “It’s an all-out looting of America, the wholesale robbery of the middle class. The tax scam will go down again as one of the most scandalous acts of plutocracy in our history.”
But, The Democrats can’t lie their way out of this one. When people start seeing more money & better retirements, the Democrat narrative will fall apart.
Sen. Johnny Isakson (R-GA) made what was probably a reference to Burger King buying Tim Hortons and moving to Canada, according to the Canadian Press:
“We’re not gonna have any more pharmaceutical companies buying donut-makers in Canada and move their headquarters to get a lower tax rate.
We’re gonna have a lot more companies thinking about becoming donut-makers and doing it right here in the United States … It’s an incentive to stay in America if you’re located there, and come to America if you’re not.”
A couple of companies already announced their plans, now I just hope that they follow through.
It’s basic economics when you lower the corporate tax rate from 35% to 21% that’s a 14% difference. That equates to millions and millions of dollars that corporate America can reinvest in the company, employees hence job creation.
Why is that so hard to understand?
Still, you won’t see this report in the Main Stream Media… Just like you don’t hear about the job numbers or the growth in the economic rate. All you get from the mainstream media is Anti-Trump fake news.
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Natalie D. is an American conservative writer who writes for Supreme Insider, Right Journalism, and Conservative US! Natalie has described herself as a polemicist who likes to “stir up the pot,” and does not “pretend to be impartial or balanced, as broadcasters do,” drawing criticism from the left, and sometimes from the right. As a passionate journalist, she works relentlessly to uncover the corruption happening in Washington .She is a “constitutional conservative”.