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Op-ed Placement

Why Taxes Matter After All

Originally Published in Washington Times on 1/19/18.

One premise of modern-day “progressives,” is that taxes don’t have much influence on how much and when people invest, how much they work and save, or where they live. Just Google “Taxes don’t matter” and you will find scores of academic studies and news stories assuring us that taxes have little or no effect on behavior.

Boy, has the just-enacted Trump tax bill already proved these critics wrong.

With the recent Walmart announcement of an increase in their starting wage, there are now more than 100 companies that have offered bonuses and benefit hikes to their workers due to the tax cut. An estimated one million workers have benefited. This after one month.