More Opinion by The Springboard

American Manufacturing Is About More Than Just Jobs
Bringing back American manufacturing is critical to American society in more ways than just economic ones. In order for America to succeed it needs the ability to make things, not only for the stability and good jobs it provides, but for national security as well.
Showing posts with label trump tax plan. Show all posts
Showing posts with label trump tax plan. Show all posts

Friday, January 26, 2018

Democrats Have Me Pissed!

IT JUST GETS A BIT OLD AND TIRED. Three northeastern democrat states have decided to get together to file a lawsuit over what they say is an unfair tax overhaul that could cost their taxpayers billions of dollars. The real truth is that the only reason these states will have a negative impact unlike other states is directly due to democrat lead economic and tax policy in their states. In a nutshell, what the truth is, is that democrat leaders in these high tax states essentially took advantage of the former tax code and used it to rape their taxpayers out of billions upon billions of dollars essentially because the old tax laws technically subsidized those taxes at the federal level—at the expense of everybody else in the Union.

Once again the democrats are making every last effort to put the blame in someone else's corner. The republican party. But anyone paying attention knows all too well where any blame should rightly lie. On the democrat party.

For years many state governments, mostly lead by republicans, have been working diligently to overhaul their own state tax laws to right their own economies, and encourage economic growth on their own despite stagnant growth and tax burdens on their taxpayers that were a direct result of failed economic policy during the Obama administration. And many of them succeeded. On the other side of the aisle, the democrats held course and raised taxes, burdened corporations with ridiculous regulations, and allowed the exodus of jobs while relying on the federal government to essentially bail them out of messes they created by design.

The gravy train these democrat states enjoyed has now derailed and they're mad as hell about it.

But what gets under my skin more than the lawsuit is simply that once again democrats are engaged in doing everything BUT the work of the American people, and it is time they are held accountable for that. It is this constant defiance of the Trump presidency and everything he is working to fix, which is CLEARLY WORKING that just rubs me in so many wrong ways it almost makes me want to pound my fist.

But I am a conservative. I am more level headed than that. I know this is what the democrats do, and I know it will never change. But I do want to see this country get back on track again. I want this country and its leaders to be able to see what is clearly different about the direction of the economy, to go back to the history books and see what is possible with lower taxes that happened under both John F. Kennedy and Ronald Reagan, and to acknowledge that what we are doing now in terms of deregulation and tax reform can only strengthen the economy, and is the only way we really give back to the taxpayers.

All this sort of thing does is distract from the real work that needs to be done. And it is another clear example of a completely divided two party system that simply is NOT working for the American people's interests anymore.

I still believe in my heart that there is a reason why Donald Trump won in the first place. Because he is not Washington. He is not a politician. He is actually extremely smart and he knows what works when it comes to money. He knows how money changes hands best, and he knows who benefits when the wheels of the economy are well oiled and turning smoothly. And therefore he knows as well what holds that all back—and he is fighting tooth and nail to make sure it works!

I believe the vast majority of the American people know this as well. What's more, even if they do not fully grasp it at this very moment, as jobs flourish, as manufacturing comes back, and as they see more opportunity for their own prosperity, and have a sense that their own lives are indeed prospering, all of the antics of the left will simply fall on deaf ears.

That is my silver lining. But damn am I frustrated. How is it possible these kooks on the left cannot see the obvious? The truth is they can see it. They do know it works. They are hopeful their lie is made into truth in the eyes of the rest of us—

Because that is the very source of their power. 

They will lose the lawsuit if it even gets seen by the courts. And history will prove once again that booming economies come from conservative economic and tax policy, and higher taxes hurt everyone—and even when the tax law changes in the high tax states, the effect of those high taxes hurts even more.

What the democrats should be focused on instead of suing someone is going back to their own tax policies and trying to figure out how to put working policy into their own tax codes. Honestly, I'd probably fall over if they actually did the work.


Saturday, March 25, 2017

Trump Tax and Jobs Initiatives Will Spur Massive Economic Growth

Few would argue that two major things many Americans need, and need badly are jobs and a break from taxes. There is no doubt that the last eight years of the Obama administration certainly did nothing to help on either of these two things. But if we are to be honest, at least on the jobs side, this has been something that reaches quite a lot farther back in years. Job stagnation and more and more taxation have been things that have stripped away at the American economy for years, and much of it has to do with America pulling away from the manufacturing sector.

Something the Trump administration aims to make better.

The thing has always been, for me, that what America lacks is productivity—stagnated in large part by more and more good paying, family supporting wage jobs being lost to cheaper foreign labor, bad trade deals, and higher and higher taxation and regulations imposed upon corporations. We shifted to more of a service economy, and more and more Americans have fallen into the rut of lower paying service jobs, particularly in the sectors of retail and fast food.

With lower wages across the board, not only are less taxes collected from the workers. But more and more of these workers make so little that they burden the middle class and the rich since more and more entitlements get doled out to a larger swath of the population.

This has long been a recipe for disaster, and in many ways this slow and ugly cancer led us to suffer through a Great Recession, and due to bad policy by the Obama administration, and almost non-existent path to recovery.

It can be a tough spot to be in at times depending on who you talk to. When you say to someone, "I am not a protectionist, I am for free trade, but I want to see more things made in America," you get more than a few furled brows. It seems to be a way of speaking out of both sides of the mouth. But what I have always felt is that what we actually need in order to have free trade is fair trade. In other words, it is of no benefit to America to have major imbalances in the goods we make and the goods we get from abroad. What's more, even those cheaper foreign goods are becoming less and less affordable since the wages for the average American worker have really not made any progress over the last few decades. In fact, in many cases, wages have actually fallen.

And of course there are the taxes which slow down every aspect of the economy. From extra taxes added to fuel, to the umpteen million special "fees" imposed upon us on our utility bills and cable bills, and added onto other things—these are essentially hidden taxes. Call it a fee if you want, but any money that you pay that goes to the government is a tax no matter what other moniker you may attach to it.

I think we will be getting a break from this very, very soon. A Trump tax plan should be introduced by August of this year.

Already we have seen major improvements in at least the jobs side of the coin. Many more companies have either decided to stay here, or are coming here to provide jobs. The most recent is a German candy maker, Haribo, who is famous for its gummy bear candies. Apple has said it will make more iPhones here. Ford has announced more jobs here. GM will keep more workers here. And both Ford and GM have plans to expand production here meaning more jobs. And the list goes on from Carrier to a long and growing list of both American and foreign companies either looking to expand operations within our borders, or bring new operations here.

If there is one thing that can put this economy into super high gear it is to increase median wages and lower the taxes. Americans are super consumers, and the more money they have in their pockets to consume goods and services, the more money will be flowing into the real economy, the more taxes that will be collected, and everybody wins. I think we all are well aware of the fact that when there is more money to spend, and more confidence in where the money is coming from to spend, we will inevitably spend more.

It won't happen overnight of course. There is still a lot of work to be done. But one thing I am uber confident in is the ability of the Trump administration to do the right things to work out and undue decades of economic policy that have all but siphoned off trillions, if not hundreds of trillions of dollars of wealth America could have enjoyed had we stuck to the idea that wealth in America stems largely from making things in America. We were a country built on productivity, innovation, invention, and then somewhere along the line it was decided that we could survive without all of that. The proof is in the pudding that we cannot. The proof is in the here and now that we thought wrong.

We've seen massive gains in the stock market since Trump took office. Now we will get to see the same thing happen to the entire economy. We're in for a ride the likes of which we have not seen since the Reagan years, and while the economy did do well under Clinton, we all know where that growth came from—the Internet boom. And unfortunately much of that money was simply smoke and mirrors, and when that bubble burst, we still didn't get it that we need those bricks and mortar manufacturing jobs to create a real and strong foundation for the American economy.

We're getting it now. Finally. And luckily our current president gets it too.