As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:
The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion.
According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding their operations.
“When Democrats threaten to raise taxes if they get back into power they are threatening to raise your utility bill — month after month,” said Grover Norquist, president of Americans for Tax Reform.
The article notes that President Trump’s tax cut slashed the corporate rate from 35 percent to 21 percent, and goes on to state the following:
His group has been tabulating the economic payoff of the tax cuts, first by charting the hundreds of companies paying higher wages or bonuses, and now counting the benefits to utility customers.
The list includes statements from many of the utilities and the general total for the cuts is over $2.8 billion. Hundreds of millions more of added utility expenses won’t be passed on to customers, and the statements also included specific dollar cuts to bills.
CLICK HERE to view the full list of utilities cutting their rates.
To weigh in on this information provided by WASHINGTONEXAMINER.COM, engage in our LIVE CHAT below. Scroll down.
For more on this story, click the "read more" button below.