Christmas came early this year....

Today is the day, and to some, Christmas "arrived"early.

The Senate  will do it part and join the House before the 

day is over and pass the promised tax reform legislation

that will benefit over 125 million American households!

It has been more than thirty years since this last occurred,

an event to be celebrated by all Americans, income earners 

and retirees alike.  

The American people will receive a long overdue and well 

deserved reduction in their tax rates that will increase take

home pay and pension checks beginning Feb. 1, 2018.

And for good measure corporate tax rates will be lowered 

to finally make American businesses more competitive

with those of foreign companies. 

We can thank President Trump for pushing his party to do

what it campaigned on but refused to do for three decades,

even when it had majorities in Congress and the presidency.

Trump campaigned on tax cuts and worked tirelessly for 

eleven months to get Congress to pass legislation so most 

Americans will finally received the long promised tax relief. 

Not everyone is pleased.  Partisans naturally protested.

repeating it worn out mantra the "rich" will benefit on the 

backs of the middle class not factoring the tremendous 

amount the 'rich' already pay.

Also, there will be complaints from high taxed states such

as California, New Jersey and New York that ending their

state and property taxes deductions will hurt them most. 

This is understandable, but it brings to light the failure of 

these states to compete with low tax rate states even as 

they have been losing populations to ones with lower tax 

burdens.

No longer will fingering point towards Washington work, 

state legislatures will have to become more prudent and

cut tax burdens on their constituents, not seek relief from

federal tax breaks!

This may be an unexpected 'silver lining' if high taxed

states do what they should have always been doing all

along, keeping taxes as low as possible. No longer can

they look to the federal tax code to mask the gouging 

of their taxpayers with high and burdensome state and

property taxes.

Finally, this tax reform package changes the 'dynamics' 

of our tax code as revenue generated, competitiveness, 

ending subsidies to states and corporations, individual 

and  business spending, 3%-4% economic  growth, not 

seen since 2004 will be the result. 

This will all occur at the same time taxes collected will 

increase and annual deficits will drop from $1 trillion 

to less than $150 billion annually. 

Thanks again to President Trump for dragging a reluctant

Congress across the 2017 finish line so 2018 can be the

first year real prosperity returns the the United States

in over two decades. 

Feedback welcome and appreciated

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