Hurrah. The Republicans got their tax cuts. Corporate tax rates dropped. The top income tax rate has been reduced.
Now businesses can give more money to their employees according to the GOP. Will they do that? Will the GOP support increases in the minimum wage? Both seem to be logical steps if what the Republicans say can be believed.
Next question: If the wages and minimum wage is increased will businesses ship their jobs to Bangladesh, Guatemala, Sri Lanka, China, and Mexico? That is what businesses said was the reason they moved the business out of the country — cost of production was too high in this country because of labor cost.
So now with these large tax cuts will the businesses bring jobs back to this country?
We will see, won’t we.