- - Thursday, January 25, 2018

ANALYSIS/OPINION:

The lines are clearly marked. The Democrats call the Trump tax cut a disaster that will benefit only the wealthy and big corporations and increase the national debt. The Republicans call the tax cut a great economic stimulus that will bring back jobs and wealth by encouraging industry to return to America, create new businesses, and give the average middle class workers a $2,000 tax cut.

By looking at the improving job market, salary increases, and the stock market boom, the early evidence points to the Republicans being correct. Jobs are far more plentiful and in some cases there is even a strong need for additional workers for the unfilled jobs. A prime example can be found in Maine where the state government is finding it very difficult to find and hire snow plow drivers. In addition, many states are reporting very low unemployment statistics. A new report shows the African-American community has the best job picture since those statistics were reported.

Since this is an election year for Congress and if the results continue to provide very good economic news, the Republicans will do far better than expected. In addition, millions of additional workers employed in an improved economy means more income tax will be collected even though the tax rates have dropped. The deficit may actually turn out to be a surplus. As an economist and a student of political science, I see this as a good year for the Republicans.

 

ARTHUR HORN



East Windsor, N.J.

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