Imagine from Affordable Housing Online
Yesterday, marked a momentous day in history. H.R. 1 Tax Cuts and Jobs Act was passed by the 115th Congress.
H.R. 1 is largely referred to as the “Republican Tax Cut Bill”. The reason for this is probably because not a single Democrat; in the U.S. House or U.S. Senate, signed onto the bill.
The President and the GOP, gushing over this huge success, had many things to say regarding the passage of the bill.
President Donald Trump, “It’s been an amazing experience, I have to tell you. Hasn’t been done in 34 years, but actually, really hasn’t been done, because we broke every record. It’s the largest — I always say, the most massive — but it’s the largest tax cut in the history of our country — and reform — but tax cut.”
On the Chris Salcedo Show, earlier today, U.S. Senator Ted Cruz, of Texas, said, “This is a tax cut that is designed to do several things. The most important thing that it is to do is to create jobs.” “Jobs are the number one priority of Texans,” Cruz said further.
“Jobs are the number one priority of Texans.”
Salcedo and Senator Cruz also discussed his Student Opportunity Amendment, the only amendment that was accepted into the bill, of which was attacked vehemently by U.S Senate Democrats mostly concerning the provision to include homeschoolers.
In summary, parents across the nation utilize the 529 College Savings Plans to save money for their children’s college education. The Student Opportunity Amendment, that Senator Cruz proposed, includes not only college students but those students in K-12. Sadly, Senate Democrats blocked homeschoolers from benefiting from this plan.
Soon after the announcement of the vote to pass H.R. 1, Boeing, AT&T, Comcast, Fifth Third Bancorp, and Wells Fargo announced promises of bonuses or pay hikes and the like.
There have been many comments on social media concerning H.R. 1. Most of the GOP and alike taxpayers are thrilled with its passage.
Many of my friends have expressed an expectation of savings, such as CeCelia Squires, of Longview, TX. Squires posted on social media that she expects to save $24,000 a year. When I asked my husband, Harry McMahan, how much of a savings he anticipates for us, he responded that he could not say without reading the concrete figures, however, he does expect savings.
Democrats are foaming at the mouth and professing doom and gloom over the passage of H.R. 1.
Democrat Congresswoman and House Minority Leader Nancy Pelosi, of California, never lets America down with her alleged professions of doom and gloom. Regarding H.R. 1, “Probably one of the worst bills in the history of the United States of America… The debate on health care is like death. This is Armageddon.”
The debate over H.R. 1 turned even uglier yesterday. U.S. Senator Tim Scott, of South Carolina, was attacked by a Huffington Post contributor for essentially being black while Republican concerning H.R. 1. Senator Scott was accused of being President Donald Trump’s “manipulated prop” due to his black skin by Huffington Post contributor Andy Ostroy.
“What a shocker,” wrote Ostroy in a tweet. “There’s ONE black person there and sure enough they have him standing right next to the mic like a manipulated prop.”
Senator Scott slapped back at Ostroy, on Twitter, with this reply: “Uh probably because I helped write the bill for the past year, have multiple provisions included, got multiple Senators on board over the last week and have worked on tax reform my entire time in Congress.”
Is H.R. 1 the complete answer? I think not. Washington has a lot to do concerning spending caps and more. However, H.R. 1 is a very good beginning in the effort to place America back on the right path towards freedom and making America great again.