It’s amazing how even when President Trump and his team prove to the entire world that tax cuts and deregulation lead to more jobs and a healthier private sector, the liberals refuse to accept that anything other than more government can create economic prosperity. It’s as if conservatives constantly demonstrate to the left that two plus two equals four, yet liberals keep on insisting that it equals five. Will they ever understand, or are they just going to remain economically illiterate forever?
As reported last month by Kathryn Blackhurst of LifeZette.com, over 250 American companies are now rewarding their employees with everything from bonuses, raises, and 401(k) match increases in response to the President’s historic tax reform bill that lets people and businesses keep more of what they earn. This is according to an Americans for Tax Reform list that was published just weeks ago.
“At least 3 million Americans are receiving special tax reform bonuses,” explained Americans for Tax Reform. “This number does not even include those receiving pay increases or increased 401(k) contributions from their employer due to tax reform.”
This completely destroys one of the most common arguments used by the progressive left, which is that tax cuts do nothing but empower the fat, cigar-smoking businessman and leave everyone else in the dust. They foolishly claim that when people are allowed to keep more of their money, they just sit on it and grow richer and richer. This is obviously not the case – companies are using this extra money to reward and empower their employees, aka the middle class. And now that these employees have more money in their pockets, they can reinvest it back into the economy, thus creating more jobs and more prosperity for all. This is what we call trickle-down economics, something that evidently the liberals were never educated on in high school. (Related: Under Obama, there were a record number of Americans out of the workforce as the welfare state grew and the economy shrank.)
Because America’s economy is finally starting to grow again after eight long, disastrous years under Barack Obama, companies are beginning to set up shop in our country because they see better opportunities here than where they came from. One such company is the Campbell Soup Company, which recently announced that it would be closing down its facility in Toronto and opening three new ones in the U.S. – one in North Carolina, one in Texas, and one in Ohio.
Mark Alexander, the president of Campbell’s parent company, Americas Simple Meals and Beverages, explained that even though the decision to close down their Toronto facility was “a difficult one,” at the end of the day, it was “the best course of action” for the company. (Related: Parents rejoice as Donald Trump’s economic plan makes children expenses tax-deductible while eliminating the death tax.)
“We are operating in an increasingly challenging environment as our industry’s consumer and retail landscapes continue to change dramatically,” Alexander said in a statement. President of Campbell’s Canadian operations, Ana Dominguez, added that the company decided to close down its facility in Toronto in part because of overproduction, which means that the supply is far outweighing the demand.
“Simply put, we are in a situation where we can produce a lot more soup than we can sell,” she explained during an interview with the Toronto Star.
With the United States economy starting to bounce back under the leadership of President Trump, conservatives must do everything in their power to ensure that the Democrats do not regain control of Congress and the White House. If that happens, then all of the economic progress made so far will be destroyed in a matter of months, as the liberals lurch back to their usual agenda of higher taxes and more regulation.