LITTLE ROCK – In December, Democrat Party of Arkansas Chairman Michael John Gray made the following statement regarding the Tax Cuts & Jobs Act:
“Corporations will get the tax cuts, and we're asking our children to pay for them. What the GOP is doing is worse than fiscal irresponsibility -- it's fiscal insanity. Republicans in Congress believe if we give these big corporations more money, it will trickle down to the working class, which is simply a myth that has been proven untrue time and time again.”
Interestingly enough, the tax plan is already putting more money in the pockets of Americans. The Arkansas based company Wal-Mart, the largest employer in the US, has announced that employees will be receiving bonuses and increased starting pay. They join literally hundreds of other major corporations that have reinvested capital into their employees solely due to the new tax plan. Also, the CBO reports that the average middle-class American will see thousands in tax savings come their tax return this year. Jobs, check. Tax cuts, check.
Republican Party of Arkansas Chairman Doyle Webb made the following rebuttal as more companies give back to their employees at a dizzying rate:
“The Democrats believe in higher taxes, more fees, more fines, more regulation, and heavy government oversight. The Republican Party has always operated to alleviate those burdens on the American people. With this tax plan we have done just that, as well as stimulate the economy toward what is turning out to be a very prosperous future for all Arkansans and Americans.”