Tennessee Star Political Editor Steve Gill discussed on Monday’s edition of The Gill Report – broadcast on Knoxville’s 92.3 FM WETR – how Democrats are conspiring to repeal the Trump tax cuts while record low unemployment among Hispanic and African-Americans surge and the federal government rakes in a record amount of individual tax revenue for 2018.
“You know we’ve been hearing from the left ever since the Trump tax cuts were passed by the Republican House and Senate with no help at all from the Democrats,” Gill began. “Democrats – including Democrats like Phil Bredesen who is running for the US Senate – declaring that they were mere crumbs; that they would only help the wealthy and that most Americans wouldn’t see the benefits.”
He added:
Now keep in mind that the tax cuts for most Americans haven’t gone into effect yet. They haven’t even gone into effect, because they will go fully into effect next year. The tax cuts have been cut for the income earned this year but the benefits the tax payers will see is when they file their tax returns next April 15th.
And yet your already seeing companies give bigger bonuses your seeing pay raises you’re seeing the economy surge. Now I know some of the Democrats are claiming that it’s really the result of the Obama Economic Policies.
Riiight.
For eight years President Barak Obama had control of the levers of power. Had control of the house and the Senate his first couple of years and in power of the President. And yet his secret plan to recover the economy was apparently completely dependent on him accomplishing virtually nothing during the eight years he was President but then miracally, magically when Donald Trump took office the economy suddenly surged because that was the secret Obama Economic Recovery Plan all along.
Riiight.
Now the bottom line is the tax cuts that the Democrats opposed and that the Democrats plan to repeal if they retain control of the house, get control of the US Senate which again gets back to whether Phil Bredesen gets elected in Tennessee or not. If they get in power they want to repeal the Trump tax cuts that are fueling our economic growth.
They want to take away the crumbs before you even get them. And yet the economic records continue to pour in. Unemployment among Hispanics is at record low. Unemployment among African Americans record low. Unemployment records have been dropping dramatically since President Trump and the tax cuts went into effect.
And now we find that the feds have collected a record amount of individual income taxes through July. That’s right, we’re breaking records in collecting money despite tax cuts. While the Democrats try to convince us that socialism, Venezuela style, is the best choice for America.
Good luck with that.
Listen to the full segment:
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The IRS adjusted my W-4 for me last month (July) to ensure my tax “hike” is accounted for in this year’s (2018) withholding. I’m down $1200 per month from 2017 (this includes make up for for the first 7 months I didn’t quite see this coming). That’s a big problem for people like me (married filing jointly) who already had approximately $24k in itemized deductions. We simply lost our personal exemptions and have to pay the tax rate on the difference. Of course my family doesn’t ultimately pay for this increase, the local economy does by our withdrawal from it.