WE SHARE THE American dream and responsibility for making it possible.

Labor Day, we recognize and honor the achievements of America’s working people. We pause to take stock of our economy and how it is treating the American worker.

Not everyone can be doctors, engineers, scientists, code writers, entrepreneurs or professional entertainers. Just as important are the millions of workers who do the less glamorous jobs that keep the world spinning.

We are all part of a delicate system. We must respect the contributions made by every member of this team. It’s really amazing when you think about it.

This Labor Day, let’s pledge to do the hard work of transforming our economy so every single American can work for a better life. Working people are the backbone of our economy, and need to be recognized as such, in word and deed.

We may have had many jobs at different stages of our lives. We may not have liked some of those jobs, but they taught us an appreciation for those who do that type of work. We are products of our past experiences.

Hard-working people are frustrated because, despite their sweat, sacrifice and innovation, too many struggle to support their families.

America should have an economy of shared prosperity that lifts families up and strengthens our nation.

I bet that if you asked your parents or grandparents about the various jobs they had over the past 20, 30, 40 or 50 years, they would talk for hours about them. They may have had jobs that paid $1 per hour or even less and they were performed under difficult conditions.

Many of those jobs probably no longer exist. Technology has made them obsolete. And in each case, they would remember the lessons they learned and relate how they used those lessons in every succeeding job.

As you reminisce about previous work projects, I predict you will feel good about each one of them, even if you did not like the work and would never do it again.

No matter what kind of work you do, do it the best you can. Be the best and satisfaction will be your reward.

Labor Day is a time to refocus on doing what is best for our families, communities, state and nation, regardless of whether we work in manufacturing, engineering, retail or the service sector.



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A LOT of people are wondering if last year’s Tax Cuts and Jobs Act has been a key to the booming U.S. economy. Here are a few answers from Mike Solon, a former policy adviser to Senate Majority Leader Mitch McConnell. He is now a partner at US Policy Metrics.

Critics of the tax cuts worried that they would blow a hole in the national deficit and that the corporate cuts would serve only the rich.

Solon argued that the largest single beneficiary of the faster growth caused by the tax cuts has been the government. He cites the following evidence.

The Congressional Budget Office (CBO) reported that faster growth has already added $1.3 trillion to the 10-year federal revenue projection. State and local governments can anticipate a similar dividend amounting to as much as $600 billion.

The CBO now projects that additional revenue from this economic surge will offset 88.2% of the estimated 10-year cost of the tax cut.

The CBO’s April revision projected an extra $6.1 trillion in gross domestic product over the next decade, more than $18,000 of growth for every man, woman and child in America. These projections contradict progressive economists who said American growth was gone for good.

Solon said corporate tax cuts do not only benefit rich shareholders. He cited Labor Department reports that worker bonuses have hit the highest level ever recorded. The Commerce Department reported that wages and salaries are growing almost 25% faster under President Donald Trump than under former President Barack Obama.

The fact is, the stock market boom spurred by the tax reform package helped the middle class. A study published in Tax Notes found that about 50% of all domestically owned corporate shares are in individual retirement accounts and pension plans, the nest eggs of working Americans.

Another 17.6% of shares are held by nonprofits and life insurance companies. They are collecting record dividends and buy-backs that benefit shareholders to the tune of more than $1 trillion. This may not benefit low-income workers directly, it does benefit them indirectly.

The point is, wrote Solon, a pro-growth agenda has fueled the economy and put millions of people to work. The theory is that faster growth in the economy will help replace the loss of tax revenues from lower rates while not increasing the federal deficits.