Stephen Moore, chief economist, policy analyst, author, and, by his own admission, one of the writers of President Trump’s tax plan, spoke last night to a special gathering of the Virginia Women for Trump, organized by Alice Butler, the Irish firebrand who loves America and fully supports President Trump.
Stephen Moore, an early supporter of Donald Trump, had predicted that he would be elected president and that he will be re-elected president with 40 states, “but Virginia has to be one of those states.”
Moore liked the way Trump spoke to the forgotten men and women in this country and the promises he had made to improve the terrible economy under Obama.
“Donald Trump has delivered in such an amazing way for the working class in this country.” And our booming economy proves it, it is such a remarkable success story that the main stream media constantly ignores.
“We are the party of the working class, the Democrats are the party of the media, the academics, and the rich,” said Moore.
Stephen Moore and Larry Kudlow were asked by President Trump to work on the tax issue together, to cut corporate tax, to increase the child tax credit, and to reduce the tax burden for families with children; he wanted every single person in America to get a tax cut. Despite the MSM’s non-stop claim that this is a tax cut for the rich, “a lot of the rich do not even get a tax cut if they live in states like California,” said Moore.
The average middle class family will receive a $2,200 tax cut. That may be peanuts to a person like Nancy Pelosi who lives on “a 30-acre compound with tennis courts and swimming pools, those are ‘crumbs,’ but for the working class families it means that you can pay tuition, take a vacation, and pay your healthcare bills.”
We cut the corporate tax rate, which is the highest tax rate in the world, from 35 percent to 31 percent, without one Democrat voting in favor of it. What are their economic growth and job creation messages? They are “I hate Trump,” “impeach Trump,” and “he is not fit to be president.” But every Republican in the Senate voted for this tax bill, added Moore.
As a result of this corporate tax cut, 100,000 Disney employees will get pay bonuses, 25,000 workers at Verizon will get pay bonuses and a total of 3 million American workers are getting bonuses, pay raises, or increases in their benefits. And the tax cut bill is only a month old.
Fifty-five million Americans own stock, most have 401k plans, 30 million Americans have IRAs, and another 25 million have pension plans. They are the beneficiaries of the incredible upswing in the stock market.
“Since Donald Trump was elected, the day after the election, the Dow Jones went up 700 points, the Trump Effect, and it has not stopped increasing since. The Dow Jones went up from 18,000 to 26,300, a 43 percent increase, a seven trillion dollar increase in wealth. We have never seen...Read More HERE