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Tags: atr | heritage | tcja

Louder GOP Touts Tax Cuts Longer It Keeps Congress

Louder GOP Touts Tax Cuts Longer It Keeps Congress

(Mykhailo Polenok/Dreamstime)

Deroy Murdock By Thursday, 06 September 2018 04:56 PM Current | Bio | Archive

Amid the Mobius-strip-like endlessness of Robert Mueller’s inquisition, Republicans should remember what may be their best weapon to keep Congress — the GOP tax cut.

Republicans should promote its advantages and effects — from sea to shining sea.

"The Tax Cuts and Jobs Act cut taxes for average American households in every state and every congressional district," Heritage Foundation scholars Kevin Dayaratna, Parker Sheppard, and Adam Michel recently wrote. "In 2018, taxpayers will save an average of $1,400, and married couples with two children will save $2,917.

"Over the next 10 years, because of a larger economy driven by tax cuts and the tax cuts themselves, the typical American household will benefit from more than $26,000 more in take-home pay, or $44,697 for a family of four.

"These benefits could be even greater if the tax law is made permanent, and could disappear if the tax cuts are repealed."

Voters, activists, journalists, and candidates should visit Heritage’s Protect Our Paychecks website. Its easily navigable map details how many "crumbs" taxpayers are enjoying in every state and congressional districts. Such data could fortify letters to the editor, stump speeches, TV interviews, etc.

"It’s sunnier than ever in Wisconsin," a hypothetical campaign ad might say.

"We are smiling and staying busy at work, thanks to the Republican Party’s Tax Cuts and Jobs Act. The average Wisconsinite this year is enjoying a $1,076 tax cut. That’s a 12.5 percent tax reduction. Over the next 10 years, this totals $18,310 in higher take-home pay per taxpayer and $30,344 for a typical family of four.

"But Senator Tammy Baldwin isn’t smiling. She voted against the tax savings that are filling the bank accounts of hard-working Wisconsinites. And if Baldwin gets re-elected, she and other Democrats vow to snatch these tax cuts from the hands of taxpayers, from Milwaukee to Moose Junction.

"Leah Vukmir wants Wisconsinites to keep their well-deserved tax cuts. She will push permanent and deeper tax relief. Vote Leah Vukmir for U.S. Senate. Your wallet will thank you."

Americans for Tax Reform (ATR) offers another tax-fighting tool. ATR lists 721 companies — and rising — that plowed their business tax cuts into employee bonuses, pay hikes, and richer perks. ATR’s interactive map shows that, in Missouri alone, Emerson Electric’s corporate taxes are funding bonuses, family leave, and a 3 percent wage increase. Liberty Utilities is sharing tax savings via $17.8 million in lower power bills.

"Thanks to Republican tax cuts," ATR notes, “90 percent of wage earners have higher take-home pay."

Beyond what Americans surrender in taxes, they spend plenty more just to tally and file their tax returns. The National Taxpayers Union shows how TCJA chops these tax-compliance outlays.

"Our annual Tax Complexity Study calculated total compliance costs of the pre-reform tax code at over $300 billion," NTU’s executive vice president Andrew Moylan told me.

"Thanks to TCJA’s increased standard deduction, an estimated 31 million filers no longer need to itemize their taxes. This will limit compliance headaches by 248 million hours. Combined with lower out-of-pocket expenses for tax preparation, these annual savings total $14 billion (atop TCJA’s reduced taxes).

"This is more than 2.5 times what Americans spend every Black Friday."

By slicing IRS-fueled red tape, Republicans will spare each of these 31 million taxpayers, on average, $450 in time and tax-preparation costs every year.

These tax cuts, and deregulation, have helped boost second-quarter GDP growth to 4.2 percent. Institute for Supply Management on Tuesday observed the most robust manufacturing activity since May 2004.

The Conference Board last week reported the highest consumer confidence since October 2000. Unemployment is just 3.9 percent, with near-record-low joblessness for women, Hispanics, and blacks. August’s initial joblessness claims were the lowest since December 1969.

Equipped with these facts and figures, Republicans should talk non-stop about the GOP tax cuts, the urgent need to make them permanent, and the fact that each and every congressional Democrat voted against this tax relief.

Deroy Murdock is a Manhattan-based Fox News contributor and a contributing editor with National Review Online. He has been a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University. Read more opinions from Deroy Murdock — Click Here Now.

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Republicans should toot their own tax-cut horn promoting the benefits of the Trump/GOP tax cuts. Several research tools will help center-right voters, activists, journalists, and candidates make the case for why the GOP tax cuts are doing great things.
atr, heritage, tcja
Thursday, 06 September 2018 04:56 PM
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