Dan Celia: A Huge Step Toward a Booming Economy
PHILADELPHIA, Pa.—Early Saturday morning, the U.S. Senate passed the historic, long-awaited tax cut bill, which, says nationally syndicated host and biblical stewardship authority Dan Celia, will impact millions of Americans where it counts—in their wallets.
After the GOP tax reform bill cleared a key procedural hurdle on Wednesday, senators debated the bill on the floor before the 51-49 vote.
Late last week, Celia noted that the markets experienced a “John McCain Rally” based on the fact that the Arizona senator has said he would vote for the bill.
“This brought a new level of certainty as traders obviously believed that McCain getting on board was a strong signal that the bill would be passed then move to the president’s desk,” Celia said. “Tax reform is the most important economic issue of the year. Without a doubt, this move by Congress is good for the country and equally as good for the family, as parents can save for their unborn children’s education. The majority of the marriage penalties will be gone, child tax credits are increased, and provisions for providing tax credits for adoption are made. Plus, provided the repeal of the Obamacare individual mandate remains in the bill after committee, this addition will free Americans from a costly penalty for not enrolling in a failing health care system. All of this will be good for families, the growth of our economy and contribute to building a stronger America. The big question is, will the repeal of the mandate still be in the bill when it gets out of committee.
“The most pivotal part of this plan is if Rep. Brady, chairman of House Ways and Means Committee fight to make sure that this corporate tax cut is permanent and starts in 2018,” Celia added. “If we wait, we will see the same problem that we had in the Reagan administration when tax cuts were delayed. Reagan’s approval rating went from 70 percent down to the mid-30s. The markets and the economy saw a horrible year while Americans waited. I don’t think things will be any different this time if we wait till 2019. We are looking toward a great economic surge in 2018. We can’t put corporate America on hold for an entire 12 months; they need to get started today.”
Celia also says this tax plan is not the end but the beginning of an economic revitalization, with opportunity to see an industrial revolution the likes of which the country has not seen since the ’50s and ’60s. Read more in Celia’s newest op-ed inTownhall.com, where he is a featured contributor.
Celia leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org) and focuses on important economic news and biblical investing during his daily, three-hour show, “Financial Issues,” which airs on about 640 radio stations around the country and is also seen nationwide on NRBTV, reaching 45 million households.
Read more about Celia, FISM and “Financial Issues” here. Visit the Financial Issues Stewardship Ministries web site at www.financialissues.org, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues. Download the new Financial Issues app here.
To interview Dan Celia of Financial Issues Stewardship Ministries, contact Deborah Hamilton, [email protected] or 610-584-1096, ext. 102.