Based on U.S. Department of Labor data, there were 6.1 million job openings in the United States as of Sept. 29, 2017, which is at or near a record high.
Many employers are having difficulty finding qualified and skilled workers to fill vacancies.
The unemployment rate is currently at 4.1 percent, a 17 year low, according to the Bureau of Labor Statistics.
And many corporations are awash in cash with the economy for many quite good.
So why are President Trump and the Republican-held Senate and House so eager to sell us on the idea of needing to cut corporate taxes to create jobs and stimulate the economy, when the problem really isn’t a lack of jobs, but rather a lack of qualified workers?
Do you see anything in their tax plan to encourage companies, through tax incentives, to create more training programs or to raise wages?
At a time when the economy is performing well, we should be paying down our $20 trillion debt caused in large part by our unfunded wars, not adding to the debt.
When you consider the cost of dealing with the increasing number of natural disasters and funding our nation’s many other needs, it makes no sense to be decreasing taxes.
Over-stimulating the economy could lead to higher interest rates, only increasing the cost of refinancing the national debt, further adding to the deficit.
Whatever happened to the Republicans who were fiscally prudent, so we could operate from a position of financial strength?
If this tax cut goes through it will leave this country fiscally weaker.
No amount of cutting Social Security or Medicare is going to balance the deficit.
Russ Mellon,
Sequim