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Letter: Tax cuts grow US economy by adding jobs, spending power
10302017 GOP TAX PLAN
Senate Majority Leader Mitch McConnell, R-Ky., flanked by Sen. John Thune, R-S.D., left, and Majority Whip John Cornyn, R-Texas, announces to reporters that the Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party's politically imperative drive to cut taxes and simplify the IRS code, at the Capitol in Washington, Tuesday, Oct. 17, 2017. (Scott Applewhite) - photo by Associated Press

Most people perceive that gravity is what allows us to stand on the earth. An alternate view would be that gravity is what allows us to hang from the earth by our feet. After all, if God turned off the “gravity switch” we would all fall into outer space.

Bruce Vandiver of Lula has such an altered view of reality. In his letter Saturday, he criticized municipalities that give tax breaks to corporations. He sees that as government giveaways to the wealthy. This ignores the truth that tax advantages bring in new companies that provide jobs and income for residents, income spent in the community that creates even more new jobs. Furthermore, these new wage earners pay sales taxes, property taxes and income taxes that offset tax incentives given to business.

Mr. Vandiver additionally demonstrated his alternate view of reality when he criticized the Reagan and Bush tax cuts. Conforming his argument to Democrat Party ideology, he conspicuously ignored the Kennedy tax cuts. Anyone who looks at the facts as published by independent and nonpartisan sources will see tax revenues significantly increased after each of those tax cuts. An economy grows from investments that produce jobs and increase the standard of living for all of the people.

Another alternate view of Mr. Vandiver’s is that wealthy people are selfish people. The fact is that the top 26 percent of wage earners pay 79.4 percent of all income taxes. The bottom 44.7 percent pay only 1.5 percent of all income taxes. Without the wealthy there would be no welfare checks and no Medicaid. Seems to me we should be doing all that we can to move people up into those higher tax brackets.

Additionally, charitable giving averages 3 percent across all income brackets. Imagine the dramatic impact on Wounded Warriors, Red Cross, Salvation Army, Children’s Hospital and other charitable organizations if we didn’t have that top 26 percent who pay 79.4 percent of the taxes. Even Mr. Vandiver will understand that 3 percent of 79 percent is greater than 3 percent of 1.5 percent.

As for me and my house, we will pray for wisdom from our elected officials at all levels and give thanks to God for all of our blessings.

Tom Day

Buford

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