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| A/O Global Intelligence Weekly: Tax Reform Debate Pushed To FRIDAY |
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Excellent news from the United States Senate as the debate on Trump's tax reform package is scheduled for this Friday according to The Hill.
With the news that both Senators Paul and McCain will support the bill, it is expected that the tax bill will pass the Senate -- potentially as early as this weekend. Leaders from the U.S. House of Representatives and the U.S. Senate will then meet to iron out the differences in conference committee, produce a final tax reform for passage, and to be sent to the President's desk for signature.
At American Opportunity, we take the position that tax reform is essential to foster economic growth in the United States. We at AO/Free Congress have been proposing pro-growth tax reform since 2010 through our Growth Code -- an aggressive schematic to get the American economy back on track.
In our view, this debate comes down to a vision of the future in the U.S. The political left in America is violently opposed to any tax reform.
Their message of "It's a tax cut for the rich" is still out there but is quickly being replaced by an assertion that the bill will lead to higher deficits. They know that deficits are a hot-button issue for conservatives, and this oppositional and do-nothing message is their best hope of peeling off Republican votes.
Today, however, Senator Ronald Johnson of Wisconsin has agreed to vote for the reform bill.
The policy point of AO is that it is essential to growing the American economy, which has been stagnant. African-Americans are unemployed, young graduates are not finding the quality in their careers, labor participation is at an all-time low -- all because people can't find jobs that justify the time they must put into the work.
Practically, this debate over whether the best way to meet the challenges of the future is through economic growth. We simply cannot run a welfare state and provide for national security and education with a flatlined economy. The left's only answer is to increase Medicaid amidst an economy of scarcity, which will drive us deeper into the deficit spending hole.
Only economic growth will provide the revenue to meet the demands of our government, and the quality of life for all Americans.
More after the jump. . . |
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