Early results of tax reform

There are numerous stories in the Wall Street Journal of corporations increasing wages, providing substantial bonuses and providing plans to invest in new manufacturing facilities in America.

If you only read The Spokesman-Review or listen to CNN you won’t be aware of the fact that many major U.S. companies are doing exactly what those who passed the tax reform law predicted. They are paying huge taxes to repatriate large sums of offshore cash that was being held captive by the Democrat-inspired tax laws of the past. With the remainder they are providing wage increases, such as Walmart’s increase to $11 per hour. They are providing large bonuses to employees, such as Apple’s $2,500 worth of stock to employees.

And most importantly they are investing in new facilities in America that will provide thousands of higher-paying jobs. Apple alone is investing $30 billion in capital spending over the next five years that will create more than 20,000 new jobs! Additionally, Apple will directly contribute $350 billion to the U.S. economy over the next five years.

It’s sad that most of our media refuses to report on how well the tax reform is working. One wonders why?

Hal Dixon

Spokane