Letters to the Editor

Letter: Republicans, tax cuts

To the Editor:

Republicans tell us tax cuts stimulate the economy. And that's why they want them. But this is mostly nonsense. The last round of tax cuts for the rich and corporations resulted in a deceptive short-term spasm in the economy. But the lasting effect will be much worse. The economy was already on an upward trajectory before Trump took office. It improved steadily throughout the entire Obama administration after the Bush republicans almost destroyed it by deregulating the investment banks.

The true underlying reason why Republicans love tax cuts is simple; to de-fund the government so that there won't be enough money for social security, medicare, and medicaid. Then they will say; see, we told you. These programs are going broke and will have to be cut. And most people won't understand that the reason why they're running out of money is because the republicans de-funded them with tax cuts and by failing to shore them up.

The myth that the tax cuts were good for the economy is proven false by the fact that what the corporations did with their windfall was buy back their own stock in order to increase share value and make their shareholders even richer and give their CEO's and top level executives huge raises. The republicans hate social security and medicare and they won't give up until they figure out a way to destroy them.

David Hubner

Crystal Lake

Loading more

Digital Access

Digital Access
Access nwherald.com and all Shaw Media Illinois content from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.