Kennedy: The GOP Tax Bill Does Help Ordinary People and Gives Them Access to a Quality Job

EXCERPT:

KENNEDY: "I don’t think you ought to make tax policy on the basis of class warfare. I think you ought to make tax policy on the basis of sound economic principles. Number two, this bill does help ordinary people. Doubling the standard deduction, doubling the child tax credit, lowering the tax rates. Number three, what helps American people the most is giving them access to a quality job. I think this bill will do that. It’s going to cut taxes on every single business. And there are two impacts of that that haven’t been talked about a lot. Number one, I think it’s going to increase foreign direct investment by 50 percent. A lot of out of this country capital will come into America. Number two, when we allow small business people to expense their new buildings and equipment and software rather than depreciate them, that’s going to help their business grow. What does that mean? That means they’re going to add workers, add jobs."