Everyone must pay tax, it is the main income of government, but the tax rate also as a rule measures the economic state. The tax, national economy, finance, and the development closely related to the government’s administration. Almost, the head of national economy is the economic experts or graduated from the economic institute. The national economy is the most important field in the country and it is the main policy of any political party in the election. The low level or inexpert, less knowledge the economy but taking in charge the national economy that is a disaster. The bloody lesson learned in Australia, after Labor Party won the federal election 2007, the national economy held by Treasurer, representative Wayne Swan and Finance Minister, Senator Penny Wong. During 6 years ruling the government, 42 billion dollars surplus left by Coalition of Prime Minister John Howard gone, nevertheless, the country debted hundred billion dollars. It is like a mechanic does the medical doctor in a hospital, both Treasurer Wayne Swan and Finance Minister Penny Wong were happy for every time the Reserve Bank of Australia (RBA) cut the interest rate, they claimed the economic growth, indeed the economy being slow down. Treasurer and Finance Minister didn’t understand the basic economic lesson, so the Australian economy faced the deep deficit and when the Coalition returned to power, the mess couldn’t clean up and national faces the deep deficit. Now Senator Penny Wong is Labor leader in the Senate, almost, she deserves the priority for the same-sex-marriage legislation and she holds the Shadow Foreign Minister. If Labor wins the next federal election, Senator Penny Wong will be the Australian Foreign Minister, therefore Penny Wong hates President Donald Trump as opposition leader Bill Shorten, actually, she totally endorsed Hillary Clinton in the US election 2016, Penny Wong slammed Donald Trump. If she becomes the Foreign Minister, it is another disaster because Penny Wong impose the individual stance above the national interest and she will drive the Australian to the wrong direction. How could Labor Party favor and promote a politician as Penny Wong in shadow cabinet?
The tax rate reflects the national economic state, the high tax’s phenomenon affects on the employee and company that proves the national economy has been downed. The fallen economic government couldn’t find the money but the tougher taxes increase on the people that is the only exit. Under President Barrack Obama’s era, the unemployment rate was high and the taxes on the people, so Obamacare suited for the economy being recessed. The jobless, illegal migrant burdened, but the Obamacare helped the low income or alien afford the healthcare program, the money contributed by the workers and high tax. Nevertheless, under President Barrack Obama’s rule, the economy downed, the national budget declined and the debt increased as skyrocket that reached the record $USD 20 trillion. The worker and company had to pay more tax but it wasn’t the solution, even President Barrack Obama and First Lady Michelle looked for the money on the sugar tax. However, when the economy restores, the jobless people join the labor market and the employee feels not good the Obamacare because of the tax on their income, the Obamacare needs to repeal.
The product sells at high price that couldn’t interest the consumer, but the same product sells for the cheaper price that has more buyer. It is like the tax policy, the high tax couldn’t solve the national economy being weak, instead of the high tax effects the people’s cost of living, the high tax is not the good solution, it is like using a common cold tablet cures cancer. Within 10 months getting in White House, the US unemployment hit lowest in 16 years, despite President Donald Trump has to fight against the domestic thuggeries as the Democrats, left media and the other undercover enemies activate in the US. They ignore the national interest but the rival and individual interest putting above the country.
The historic tax cut of President Donald Trump improves the economy is underway to restore. The US company revives after 8 years lived in the disaster and the jobless got a job, it is the good signal of the national economy. The individual income and company tax cut would get more money when the company develops and the unemployment rate hit low. The loss of tax cut would be reimbursed by the company and the crowded numerous workers. When the major population has the stable job with a low tax that stimulates the spending and the market activates. Whoever, including the economic academics, slam President Donald Trump who just succeeded the business, they are arrogant and wrong. If they are the good economist, why didn’t they make billionaire and instead they have to work in the monetary firms? On September 29, 2017, Chair of the Board of Governors of Federal Reserve System Janet Louise Yellen talked herself to confront with President Donald Trump, but she is not a billionaire, a theory economist while Donald Trump is the real economist in practice. The US people need the active economist rather than the rhetoric economist.
The historic tax cut, lowest unemployment rate in 16 years, the economy has been improving that is the positive administration of President Donald Trump. The Dow Jones now is up to 23,000 before, under Obama’s era, the Dow Jones was on 17,000 or lower. On November 3, 2017, President Donald Trump nominates Mr. Jerome Powell who will replace Janet Yellen for next year, it is the positive signal for the US economy into the new stage.