Here’s the News: The United States added 196,000 jobs in March 2019.
The Washington Post reports “lower income workers have seen the biggest pay hikes in recent months…”
Despite the gains blue-collar workers continue to see following the GOP Tax Cuts, Democrats continue to deny the positive impacts this economy is experiencing.
Recently, the House Ways and Means Committee held a hearing on the Tax Cuts and Jobs Act. Democrats titled the hearing “The 2017 and Who it Left Behind.”
While it may make for great beltway political theater, House Democrats headline, coupled with today’s jobs report, shows their message is void of reality.
As Rep. Kevin Brady (R-TX), the top Republican on the Committee, said at the hearing:
“So far, what tax reform has left behind are the gloomy predictions of a ‘new normal’ for America, where economic growth is disappointing for decades to come, where paychecks would stay flat, and we could do nothing about American jobs going overseas.”
Repeal Efforts Lose Steam: Throughout the hearing, Republicans asked the witnesses what part of the GOP Tax Cuts they would repeal.
- Not one witness said they were in favor of repealing the Main Street business tax cuts.
- Not one witness said they were in favor of raising the corporate rate.
- Not one witness said they were in favor of repealing the doubled Child Tax Credit.
- Not one witness said they were in favor of repealing the ability for businesses to write off expenses fully and immediately.
In fact, one Democrat said not a single liberal on the Committee was in favor of repealing the TCJA.
The rest of their caucus has yet to heed that message.
Senator Kamala Harris (D-CA) has called for a full repeal; Speaker Nancy Pelosi (D-CA) has said she wants to roll back the tax cuts; Senator Chuck Schumer (D-NY) has been on the record for repeal; multiple House Democrats have stated their intentions of wanting to reverse the cuts; and Majority Leader Steny Hoyer (D-MD) confirmed today that dismantling the tax cuts still remains a Democrat priority.
Economic Denial Continues: House Democrats on the Committee couldn’t even get their facts correct when trying to push back against the gains the U.S. economy has seen following tax reform.
Some Democrats said that the U.S. has only added 20,000 jobs. (They were slightly off – by close to 3 million.)
Others claimed reinstating the SALT cap would not help the wealthy. The liberal Tax Policy Center confirms that “high-income households would benefit most from repeal of the SALT deduction cap.”
The Bottom Line: Following the GOP Tax Cuts, unemployment remains at historic lows, wages for low-income workers are rising at the fastest rate, and the vast majority of workers say the economy is thriving.
As Rep. Brady said:
“While Democrats continue their misguided efforts to impeach a President who has turned this economy around after years of stagnation, Republicans are going to continue to put forth policies to ensure this economy continues to work for families and Main Street businesses.”