Early this 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.
Earlier this 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."
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 1950s and 1960s. Read more in Celia's op-ed in Townhall.com, where he is a featured contributor.
Celia leads Financial Issues Stewardship Ministries 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 financialissues.org, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues. Download the new Financial Issues app here.