With news of tax reform passage, Democrats will be feasting next week on what they believe is raw meat against Trump. Let's keep in perspective how desperate the Dems are. We need to stay focused on the early Christmas present we could be getting.
Now three more senators, Steve Daines (R-Mont.) and previous holdouts Ron Johnson (R.-Wis.) and Jeff Flake (R.-Ariz.), have announced they will vote “yes” on the tax reform bill. With this news, it is likely we will see a full vote by the end of the weekend—or even later today.
The bill’s passage would be a huge win for the American people. As always, there will be certain things we won’t like in the final bill, but no one will have a clear picture until it comes out of committee.
This bill will obviously drive some Democrats crazy, and we’ll see an even greater frenzy of irrational, illogical comments coming from the Left. Understand that the Democrats are in panic mode. They sat back for eight years and watched their president double our national debt. It would appear that for eight years these democratic deficit hawks were nowhere to be found.
But here’s the beauty of the Democrats’ current panic—it’s confirmation that this bill will stimulate the economy. In fact, I believe it will stimulate the economy to the likes of which we haven’t seen in decades. I also believe that Republicans will have to do little over the next three years but to campaign on the economy, which they can take 100 percent credit for.
Rightfully so, they can continue to draw contrast between the economy of the eight years before President Trump and take that message to every polling place. I wrote previously that if tax reform did not pass, it would be the end of the Republican Party. And I also believe now, as tax reform moves forward, it could be the end of the Democratic Party.
Everywhere we turn, we see the falling apart of the progressive left agenda, even to the point that average blue-collar Democrats are coming to the realization that they have aligned themselves with an agenda that has done nothing but cripple America—both economically and socially—as we have given up more and more of our freedoms.
This tax plan is not the end but the beginning of an economic revitalization. We have an opportunity to see an industrial revolution the likes of which we haven’t seen since the ’50s and ’60s. This industrial revolution will look very different; it won’t be the dirty, greasy industrial age of the 1950s, but a revolution driven by fossil fuels, clean energy, technology industries and a dramatic resurgence and growth in exports.
America will now have everything to offer foreign corporations, as well as American companies. This list includes an endless supply of inexpensive energy, a productive workforce that, yes, may be a bit more expensive than in other countries, an uninterrupted supply of cheap energy, fair taxes and reasonable regulatory burden—without government interference attempting to control and pick winners and losers. All of this will trump cheap overseas labor costs. A pro-corporation, pro-growth economy with less interference from government regulation and unrealistic government compliance and controls will open doors for American businesses and American workers.
It would appear we finally have an administration that understands that one of the greatest events of the 1950s and ’60s was the unprecedented growth of the American middle class. The return of that growth will bring opportunity and prosperity for future generations for many years.
But 2018 will also need to be about infrastructure and “The Wall,” as Congress must now focus on legal immigration reform. If unemployment numbers and the labor participation rate are accurate, then there is no possible way this country will have the workforce necessary for the kind of growth generated over the next several years. It is imperative that Congress gets to work on streamlining the vetting process as well as the procedures to make legal immigration a reality, as this will be key to maintaining and adding stability to our economic growth.
This tax plan is far more than a plan to help individuals with lower taxes. The real benefits will come as individuals have opportunity for work at higher wages, and opportunities for prosperity. Record business investments will mean advancement for the average worker. Opportunities are on the horizon for the prosperity of future generations—opportunity that comes from an America that is maintaining its greatness as leader of the free world, passing to the American people the prosperity and the opportunities that come from such a position.
The benefits for Americans because of this tax reform will not come from the IRS or from changes in tax code, but rather, from a corporate America that is embracing growth here in America. That will benefit all American workers and future generations.
(Dan Celia is president and CEO of Financial Issues Stewardship Ministries, Inc., and host of the nationally syndicated radio and television program “Financial Issues,” heard daily on more than 630 stations across the country and reaching millions of households on the National Religious Broadcasters Network, BizTV, Dove-TV and others. Visit www.financialissues.org.)
Join the conversation as a VIP Member