The new federal tax breaks enable the United States to be competitive in a world market, creating a willingness of investors to create large increases of new jobs in the United States. Historically, tax cuts have resulted in more Social Security and general fund revenues, and a decline in the need for public assistance programs.
Today, the black and Hispanic communities are experiencing near-historic highs in employment. The historic gross national product in the first quarter of 2018 was followed by an even higher growth rate in the second quarter. These increasing growth rates support, at the same percent of debt, a higher debt limit.
The ability to have a job, higher self-esteem, better working conditions, higher wages, pay taxes, and finance services provided by government is dependent upon investors who are willing to risk their time and capital in the marketplace to obtain a return on investment. Business, not government, produces the needed finances, products, and skilled workforce needed to provide governmental services.
Business and capitalism are not perfect, but are more productive than other solutions. Thank and support business owners. Be grateful that these businesses are willing to provide us products and services.
