To the Editor:
The stock market is obviously reacting to the positive news about tax reform. Cuts, simplification, fewer levels, better competitive environment for corporations in world trade all give traders confidence in the economy and raise the boat as the water level increases.
Chuck Schumer complains that only the wealthy benefit. Well Chuck ponder this; the stock market gains do not just help the rich. Every union pension funds have significant investments in mutual funds and market enterprise. The teacher, the truck driver, the plumber will all benefit from tax reform via Wall Street.
So Chuck, Nancy and, oh yes, Dick Durbin and Tammy, give a boost to those union constituents of yours. The tax cuts will help those pension funds which will be a boost to the average working man in the long run.