Posted on 12/20/2017 12:21:33 PM PST by Kaslin
RUSH: Now, let me deal with this right off the top here, the reason that the House is having to revote on the tax bill. Folks, its like a broken record, but the media, theyre just lying, theyre just flat-out lying about pretty much everything about the tax bill. And if the polling numbers are right, that only 26% of the American people support it, thats why, but Im not sure I believe the polling data.
The Drive-Bys are so hell-bent on attacking Republicans that they have claimed the Republicans screwed up with some of the provisions in the tax bill, which is why the House has to vote again today. But thats not quite what happened. This is all about budget reconciliation and Democrats in the Senate.
Some Democrat nitpickers complained about a couple of pro-education provisions in the bill that they didnt like. A couple of pro-education provisions in the bill that they didnt like. They said that these provisions violated budget reconciliation rules. And they whined to the Senate parliamentarian, who made the Republicans remove them from the bill. There was no mistake on the actual aspect of taxes or anything to do with taxes.
There were no screw ups. There were no mess-ups. There was nothing whatsoever fundamentally wrong with this requiring the House to vote again. It was simply a bunch of Senate nitpickers arguing over parliamentarian procedure.
Now, one of the provisions was to allow 529 savings accounts for homeschooling expenses. Does that sound like a bad deal? 529 savings accounts, in other words, educational savings accounts, 529 savings accounts for homeschooling expenses. Another protected, endowments to private universities from being subject to a new excise tax.
So is the media outraged at the Democrats stripping out some pro-education provisions? Of course theyre not. Instead, theyre amused as the Democrats make the Republicans have to vote again and they seize this as an opportunity to report the Republicans dont know what theyre doing. Or, the Republicans are providing another hidden loophole to the rich or other such lie.
Nobody said anything about the many ways that Obamacare violated budget reconciliation, which is called The Byrd Rule, by the way, for Sheets Byrd. Robert Byrd himself said it violated The Byrd Rule, but all that was ignored while they rammed Obamacare through. And the Republicans didnt have the votes to stop it so they didnt make a big deal about it.
But, anyway, the revote has nothing to do with anything, other than parliamentarian procedures the Democrats wanted to nitpick. The House vote is gonna be identical to what it was. It is essentially a formality. Its gonna happen around 1 oclock this afternoon. And it will happen as it did yesterday, and then by the end of the week it will be signed. Theres gonna be a little victory bash at the White House today. Trump and some various Republicans, House and Senate members, coming up there to do a pre-victory victory party. Get this thing off and running.
Im looking at this, and well get into the nuts and bolts of this here in just a second. But you know, everybody, the media, everybody is looking at 2018, and as you know, weve discussed, the Democrats think that theyve got the House won already because of the election in Alabama, the election in Virginia, the Democrats think that they have won the House. Its just a matter of the calendar playing out.
They also think that this tax cut bill is gonna be a huge disaster. And it is. But for them. Its gonna be every bit the disaster for them that the Reagan tax cuts were in 1981 and 84. Its gonna be a repeat. But they think, because of their brethren in the media, that they have been able to soil, if you will, or muddy the waters on this. And they think they have the American people positioned and ready to object to it, to hate it, to think its gonna be a bomb-out, a failure, the only people benefiting will be the rich.
When in fact 80% of taxpayers in this bill are going to see bigger paychecks, one way or the other. Eighty percent of taxpayers are going to get a tax cut. Well, you know, its more accurate to say 50%, because there are 50% that dont pay taxes already. But even some of the 50% that dont pay taxes are gonna see some benefits. So its not inaccurate to say that 80% are going to see lower taxes and more disposable income.
Now, what happens when that happens? What happens when people see that the economy doesnt stop, when people see that the economy keeps growing, when people see that businesses keep hiring, when people see that they have more disposable income, what will their reaction be based upon what they were prepared for from the Democrats and the media? And that is where the Democrats are gonna get kicked.
So looking ahead to 2018, every single Democrat in Congress, all 238 of them voted no on this. And what precisely did they vote no on? They voted no on cutting taxes. They voted no on allowing the American people to keep more of what they earn. They voted no on reforming the tax code in ways it hasnt been in 30 years. They voted no on a piece of legislation that cuts taxes for 80% of Americans.
They voted no, all 238 of them voted no on a bill that will make U.S. corporate behavior much more competitive globally because of the reduction in the corporate income tax rate from 35 to 21%. They voted no on making American corporations more competitive in the world. They voted no on a piece of legislation that will contribute and will see gross domestic product grow at 4% per year.
Chuck Schumer says the tax bill will be an anchor around Republican ankles. You know, Chuck Schumer, I dont know how much money hes got. But hes got a lot more than you would think somebody earning $175,000 a year. Hes got lot of money. He has a law degree, but hes never practiced law. He has only made bad laws. Is this bill so horrible, is this bill so bad the Democrats throw everything they have at it to mischaracterize it? Why are they doing this? Because the exact opposite of what they are predicting is going to happen.
All the doom and gloom theyre predicting is not gonna happen. All of the growth and all of the personal income gains, all of the economic growth and employment is going to continue, and its going to speed up. What so frightens them about this? And heres the thing. If this bill is so bad, if this tax cut is such a disaster for the Republicans, why did they do everything they could to stop it? If this tax cut is going to ruin the Republican Party, why didnt they just shut up, stand aside, not provide any opposition and let it happen?
If this tax cut is going to doom the Republican Party and Donald Trump to lose elections for the next generation, why did they throw everything they had at it? And Im gonna tell you why. And to help me, lets grab audio sound bite number 2. Today on CNNs New Day, Alisyn Camerota spoke with Representative Sean Duffy, a Republican from Wisconsin, about the bill. She said, The latest poll out shows that 55% of the American people oppose what they see in this bill. They dont like it. So why have you guys done such a lousy job of selling it, and how are you going to change that?
DUFFY: If you listen to a lot of media sources theyll go, Oh, my God, this is tax breaks for the rich and does nothing for middle income Americans. If that was true we would have real problems and those poll numbers would be right. Thats not the truth. If you actually look back to Ronald Reagan in the eighties when he passed tax reform, it had lower approval ratings than this package. But the truth is when people start to see more money in their paychecks because of tax reform and they see the economy grow theyre gonna love it. In the long run because more money goes to families and youre gonna see better economic growth, this is gonna be a winner for America, but also those of us who voted for tax reform.
RUSH: Thats a good start on explaining and answering my questions. But it goes much deeper than that. The Democrats are panicked. The Democrats did everything they could to stop this. The Democrats used the forces arrayed with them in the media to lie about this bill, to castigate it. You know, folks, would you oppose a raise? If your boss offered you a raise, would you suspect it? Would you reject it? Would you say that it is a trick? Would you say that it isnt real? Would you say that your raise is gonna cost you money? Would you say that your raise is going to ruin or worsen your lifestyle?
Of course not. But the Democrats have been trying to make that exact point, that this tax cuts not gonna help anybody but a few rich guys, and its gonna hurt everybody else. The reason for their panic is they know the results of this. And they know the results because weve been there and done this. 1980 and the Reagan tax cuts, they know exactly what happened. And, my friends, I just want to make you remember something.
Ever since the 1980s, when those Reagan tax cuts kicked in, the deficit came down, unemployment came down. There were a bunch of things that economic experts said were impossible. They said, You cant cut taxes and reduce the deficit. But it happened. And it wasnt even tight. It wasnt even close. You cant cut taxes and reduce interest rates. But it happened. You cant cut taxes and whatever. And everything they said didnt happen.
They know full well what happens after a legislation like this. The Democrat Party, since 1987, 1988, has been engaged in revisionist history. The Democrat Party since 1987, 1988, has been on a mission to disparage, to impugn, to criticize, and to destroy everybodys memory of the Reagan tax cuts. Whenever a tax cut is proposed, the Democrat reaction is, Here we go. More trickle-down from the Republicans. And they launch into how trickle-down doesnt work cause the rich are mean and the rich dont share.
Their panic is because they know exactly whats gonna happen here. They know that their efforts at revising history and trying to remind people that what happened in the eighties didnt happen, theyre faced with it again. They could not stop it this time. So instead they have tried to mischaracterize it and create distrust and doubt in the minds of the American people. And they have succeeded, if the polling data is correct.
But the polling data is gonna be overridden by real life. The polling data and experiences are gonna be overridden by what people actually experience and live as a result of this, exactly as it happened in the 1980s. One of the things that has been very frustrating to me since the eighties, it was so obvious those tax cuts resulted in an economic boom that lasted 20 years. Personal incomes rose, it was magical what happened, with the deficit coming down, economic growth going through the roof, unemployment coming down, wages going up.
It was the worst thing in the world that could have happened to the Democrats. It was the worst thing in the world, because it proved that conservative ideological principles and supply-side economics does indeed work. Theyve been on a mission since the Reagan tax cuts to wipe out everybodys memories of how well it worked in the 1980s. And theyve succeeded because its been a daily thing. Among all the other things the Democrats and the media trash every day, they trash the Reagan economic policies of the eighties, supply-side economics and trickle-down, because they remember how effective it was.
It disproves every economic belief they have. And they are quaking in their boots over what is going to happen here. And they are trying as best they can with the media to poison your mind and everybody elses minds so that you dont believe what is going to happen in the next year, the next two months, the next six years, so that you wont believe whats happening.
They cannot afford for you to actually end up crediting Republicans and conservative policy for this. Thats why theyre panicked.
BREAK TRANSCRIPT
RUSH: Paul Ryan, Speaker of the House, was on NBC Today Show with Savannah Guthrie who asked Speaker Ryan if he was living in a fantasy world. (imitating Guthrie) Are you living in a fantasy world? Do you really think that cutting corporate taxes is gonna lead to more jobs? Do you really think that cutting the corporate tax rate is going to give people raises? Do you really think that cutting the corporate tax rate is going to improve peoples standard of living? Do you really think that cutting corporate tax rates is going to get the corporations doing more for their employees?
This is the same Savannah Guthrie living in a fantasy world, believing she fooled people into thinking she didnt know what was going on with Matt Lauer. The same Savannah Guthrie who was living in a fantasy world when Barack Obama promised all of us our health care premiums are gonna go down $2,500. She sopped all of this stuff up. The same Savannah Guthrie living in a fantasy world believing Obamacare would allow people to keep their policies and their doctors. The same Savannah Guthrie believing Algores predictions about dramatic changes in sea levels and temperature changes, climate change, unquestioningly. You talk about living in a fantasy world.
Fauxcahontas, Elizabeth Warner, is out calling this tax bill a heist. A heist. The Republicans are stealing money from you and giving it to the rich. And Savannah Guthrie, living in a fantasy world, accepts that without question. So then from all of these beliefs and unquestioning acceptances of absolute gibberish, she comes to Paul Ryan. Are you living in a fantasy world? Do you really think that your tax bill is gonna help workers? Im gonna ask you plainly. Are you living in a fantasy world?
And Ryan said (paraphrasing), No, not at all. We have evidence our tax cuts are going to lead to economic activity and corporations are going to hire more people, and they are going to offer raises. And he cited a survey from the National Association of Business manufacturers, which show the vast majority of businesses are gonna do just that. Theyre gonna reinvest in their workers, reinvest in their factories, pay people more money, higher wages.
It happened in the 1980s, it happens every time that its tried, which they know and which has them panicked. Now audio sound bite number 3. Last night in a conference call with investors, the executive vice president, chief financial officer of FedEx, name is Alan Graf. Talked about how the tax reform bill would impact FedEx. Its only 14 seconds. Listen fast.
GRAF: U.S. GDP could increase materially next year as a result of the U.S. tax reform. If this occurs, we would likely increase capital expenditures and hiring to accommodate the additional volumes triggered from this incremental GDP growth.
RUSH: Let me translate this for you. This is a call, a conference call with investors, stockholders of FedEx, and hes saying that tax reform, they expect it to trigger GDP growth, which will increase their capital, their investing in their own company. They will hire to accommodate the additional volume of business that GDP growth will trigger. This is just one company doing exactly what Savannah Guthrie thinks is a fantasy world.
BREAK TRANSCRIPT
RUSH: FedEx has announced that because of the tax bill, theyre gonna be hiring a lot more people next year, because FedEx expects economic growth to expand next year, and that means that FedEx is expecting a lot more people to use their service. In other words, a lot more people are gonna be sending stuff via FedEx. So theyll have to hire more people, might have to lease or buy some more delivery trucks, they might have to modernize their jet fleet. I mean, FedEx is an airline, after all. Thats how they get most of their stuff shipped.
Many businesses are announcing pay raises because of this. And it was predictable. Folks, weve been there before. Weve been there, done this. Its just that the media and the Democrats since the 1980s have been doing their best to rewrite history. That they have been able to make people forget what happened or change their minds about what happened.
I was gonna say its one of the frustrating things. People lived it. You would think, after living through such a robust period of economic advancement, that people would remember it. But you know what the problem is? They associated it with Reagan and not policies. And so the Democrats had no problem destroying the policy. Reagan was not around anymore, so they didnt have to really bash Reagan, although they do and did. But Reagan remained overwhelmingly popular. So they continued to bash supply-side.
And all during this period of time you may remember this, Sam Donaldson was famous for this. He was a commentator on This Week with David Brinkley. And he kept talking about, because of the Reagan tax cuts, were gonna have a huge credit card bill to pay. Were borrowing all this money. This isnt real growth. And the American people are gonna have a come-to-Jesus meeting very soon down the road because none of this is real. But it was.
Look, successful tax reform, the implementation of thoroughbred conservative ideology that works every time its tried is the biggest threat known to the left and the Democrat Party because it proves, not with theory and not with words, it proves with real life, it proves with action that it works.
And its contrast with socialism is obvious. Socialism is a gigantic failure. Communism, ditto. So they have to destroy it. They have to revise history. They have to mischaracterize it. And theyve been doing so since the eighties. And the way they have been dealing with this tax cut legislation is identical to what they have been saying about the Reagan tax cuts since they were passed and implemented.
Tax cut for the rich. Dont care about the little guy. Big corporations dont need any more money. Big corporations kill their customers, ruin their businesses, destroy the planet. Big corporations are not people. Big corporations and the rich do not share their money, and they disparage trickle-down, when in fact trickle-down is exactly what economic commerce is.
Trickle-down is exactly what economic growth is. And here comes the American left and the Democrat Party working in unison to destroy the entire concept. And to enough brain-dead low-information voters, the constant reputation, and were talking decades, works. And then theres another factor. Its so successful that future Republican presidents were afraid to re-implement it. The closest we got to Reagan-era or like Reagan-era tax cuts was George W. Bush in the first term in office 2001-2005, or 2004.
We had serious tax cuts and they tried to destroy those the same way. So real life is gonna intervene here. Real life starting in February, people are gonna notice the distinct and dramatic changes that will result in them keeping more of what they earn. And I want to go back to 2018, 238 Democrats the number floats. I mean, its a hundred in the Senate, and in the House and so forth, it may be more than 238. But the point is there is not a single Democrat that voted for this.
There is, therefore, not a single Democrat who will be able to run for election or reelection next year by clinging to this. They will not be able to take any credit. They dont have any fingerprints on it. It will be true and it will be easy for every Republican to prepare campaign ads against every Democrat seeking office that they voted against prosperity.
They voted against you keeping more of your own money. They voted against you getting a raise. They voted against 4% economic growth and all of the good that entails. They voted against cheap energy. They voted against oil and gas exploration that would bring down the cost of energy for the consumer. They voted against everything that leads to economic prosperity, economic security, and economic freedom. And its on this basis that they somehow believe they are gonna sweep the House in 2018.
Theres another story out there today that is part and parcel of this. And I dont remember where it is, but it doesnt matter, because theyre all the same. Its Washington Post, CNN, New York Times, I dont care where it is. The story is that this is such a big deal, its such a big accomplishment that theres gonna be a hangover next year, and Trump and the Republicans arent gonna be able to get anything done. And theyre gonna live off of this for so long that theyre gonna think there isnt much left to do. Theyre gonna be on such a high that they wont be able to replicate the high of this. This was a one-shot deal, yeah, and it was pretty cool, but theyre gonna be in a long 2018 hangover.
Once again, wishful thinking. Let me tell you the reality. Do you realize that the Democrats did not force the issue on the DREAMers for this continuing resolution for the end of the year? You may not. Let me explain this very briefly. Were up against the predictable and annual scare everybody to death with a possible government shutdown warning over the continuing resolution, coming up with a resolution to keep the government operating.
The Democrats original plan was try to force the Republicans into accepting amnesty for the DREAMers or they would not vote for the continuing resolution and the government would shut down. At the last minute Pelosi and Chuck You, Chuck and Nancy pulled it. And everybodys scratching their heads. Why are they giving up on this? Holy smokes, is it really worse for the Democrats than we thought, people are saying. Why didnt they go to the mat on this?
Thats not why. Ill tell you why. They think theyre gonna sweep 2018. Its all about Doug Jones winning in Alabama. Its all about Roy Moore losing. They think they can be patient now. Now they can wait and they can go for full-fledged comprehensive immigration reform amnesty for everybody in 2019, not just for the DREAMers now. Because they think they have the Senate won next year, and they think theyre gonna take the House, even though they are at the same time in a state of panic over the tax cut big passing.
And I want to remind you again, they dont have an agenda. They are not running on an agenda. They dont have an alternative tax plan, for example. They didnt respond to Trump and the Republicans tax cut proposal here with their own version. Because they dont have one. They really do not believe in tax cuts. They promise them, but they never deliver them.
They know tax cuts are something the American people desire, so the Democrats promise em during campaigns. They never deliver them. They always find a way to say, You know what? We just cant find the money in the budget to cut your taxes. Weve never worked harder in our lives, but it just isnt there cause the Republicans have been lying to us about how bad the economy is.
Millennials do not remember Ronald Reagan’s tax cuts from the 80’s. It might as well be Roman history to them.
But the Dems know they will now see what it will do to their pockets, their jobs and their lives and the Dems are in panic mode.........................
They don’t know Roman history either.
Bookmark
Is history even taught in schools anymore?
I remember it very clearly.
It was a wonderful time. The Democrats fought him every step of the way. Tax cuts for the rich, trickle-down economics, voodoo economics, etc., etc.
Reagan didn’t care. Didn’t pay attention. He laughed off direct attacks. His nemesis was a goofy reporter named Sam Donaldson, who seemed to see it as his sacred duty to needle and belittle Reagan.
Today, of course, the entire MSM is made up of nothing but Sam Donaldsons, only worse, because (to the best of my recollection, Sam Donaldson didn’t make anything up).
Eventually, it came out that Donaldson owned a ranch and was getting “Mohair subsidies” from the federal government. This made him seem even sillier, and hypocritical to boot.
The thing is this: not much happened in Reagan’s first year in office (’81), but in his second and third year the economy began to run, and then fly, and then take off like a rocket ship.
The MSM-Democrats tried to talk it down, divert the people’s attention, change the subject, talk about “hamburger flipper jobs” and the relative performance of the various “quintiles,” but by ‘84 (election year for Reagan’s second term), no one with any sense at all could deny that the economy was a gigantic frat party, with loud music and fireworks shooting out of every window, and the roof.
It didn’t matter what the nattering nabobs of the MSM said, everyone could see that things were going bonkers in the economy. People were feeling better than they had in years, and there was a resurgence in patriotism and national pride. The Space Shuttle and the coming wave of computer technology was helping with this (the IBM PC hit the market in August of 1981).
It was like a flower opening after many years of dormancy, beaten down in the corner of the yard, dirty, looking barely alive.
Also people don’t remember the Reagan years because many werent born yet. It was 37 years ago.
Reminds me of the days when the Democrats were screaming about Reagan’s “BLOATED TAX cut!”
If all you had to listen to were the Democrats, you would be so depressed you’d want to kill yourself.
I don’t think they were even around, and I doubt they learned in school about it.
or Greek history. They probably hardly know American history
Nice summary. I remember what you remember.
Exactly. The millennials know nothing but what they see on their smartphone screens......................
All of that tax cut to the middle class is going to get spent in the economy on actual consumer choices. It’s not going to be some bureaucrat throwing a failing solar company a billion bucks and then having it fail anyway.
It will be actual consumers buying things they actually want and making choices in the market place. So, shoes or high tech house controls, those businesses are going to get new orders. Things people actually care about are going to take off.
But Kardashian history? Totally memorized.
Thanks Kaslin.
Most Millennials do not know why their generation is called "Millennials". I am not kidding. Go ask one.
Just read online how because of this tax cut Wells Fargo will be raising the hourly wages for their employees to 15 bucks an hour..see Nancy Pelosi, NO ONE DIED..Wells Fargo employees will be getting a higher wage..MERRY CHRISTMAS!
I was in the Navy at the time and I suspected Reagan was going to get some good things done. I had no idea of just how good he was until after he left office. Up until Trump the rest have been awful.
It was a wonderful time. The Democrats fought him every step of the way. Tax cuts for the rich, trickle-down economics, voodoo economics, etc., etc.
Reagan didnt care. Didnt pay attention. He laughed off direct attacks. His nemesis was a goofy reporter named Sam Donaldson, who seemed to see it as his sacred duty to needle and belittle Reagan.
"Now, I knew I was in for it when the hostile critics dubbed our economic plan Reaganomics. They said we couldn't do it. But while the naysayers complained, we went to work.Today inflation has fallen from more than 12 percent to 1.8 percent for the last 12 months. Interest rates are down. Mortgage rates are down. And we've seen the creation of almost 11.7 million joqbs in less than the last 4 years -- more jobs than Western Europe and Japan put together have created in the past 10 years. You know, I really, though, found out our economic plan was working when they stopped calling it Reaganomics."
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