GOP tax reform plan will not create more jobs

The so-called “tax reform” plan being forged by the Republican Congress is really, as many have pointed out, a massive tax cut for the wealthy elite and their corporations at the expense of poor, working class and middle-class Americans.

The old, tired-out conservative lie about how tax cuts will stimulate investment and create jobs is being pushed again. The plain fact, easily verified, is that this has never and will never happen. The Kennedy tax cut of the early 1960s was a targeted cut that required certain actions before the cut could be claimed. Even so, the economy was rising again in the early ’60s and would have done so — tax cut or no.

Tax cuts for corporations and wealthy people are done only to give welfare to the already rich. Hiring workers is never done unless the marketplace demands more products and services — and they can’t be provided by making workers work harder and longer or by replacing workers with technology. Then, begrudgingly, more workers are hired. It has nothing to do with taxes. That is one of the oldest big lies around. Don’t believe it. Tell the politicians to also not believe it.

This story was originally published November 28, 2017 at 8:55 PM with the headline "GOP tax reform plan will not create more jobs."