Posted on 12/13/2017 12:25:07 PM PST by Kaslin
A new national survey conducted by Marist College's polling operation shows that a 52 percent majority of US voters believe the Republican tax reform proposal will negatively impact their personal financial situation. Less than one-in-three respondents think they'll benefit. This overwhelmingly inaccurate perception represents the fruit of Democrats' media-aided labor over recent weeks, as they've flooded the national debate with factually false assertions and ludicrous hysteria. The truth, as we've relayed on numerous occasions, is that nonpartisan analyses of the plan have concluded that on average, every income group will receive a tax cut -- including, if not especially, the middle class. I have not shied away from conceding potential negative outcomes for certain taxpayers, nor have I dismissed deficit-related concerns; the fact remains, however, that the exceedingly lopsided majority of taxpayers will see their tax burdens lowered and after-tax incomes rise under the Republican bill. The green dots below represent middle class households currently taking the standard deduction that will see a tax reduction (the red dots are the very rare exceptions):
NYT editors, today: GOP tax reform doesn't help the middle class.
NYT news analysis, yesterday: Virtually every single middle-income taxpayer who takes the standard deduction (70%! of filers) will get a tax cut, as will a substantial majority of those who itemize. pic.twitter.com/PuOhZcXzLY— Guy Benson (@guypbenson) November 29, 2017
Roughly 70 percent of filers already take the standard deduction (a number expected to expand), which is set to approximately double under the legislation. Virtually every single one of these people would emerge as net winners. And according to a New York Times analysis, a substantial majority of middle income filers who itemize (rather than taking the standard deduction) would also see their tax bill decrease. As we explained yesterday, most of the scare-mongering talking points employed by Democrats to achieve the polling results mentioned above -- if not entirely made up -- are rooted in cherry-picked information and misrepresentation. Only a small sliver of taxpayers (in the ballpark of ten percent) might expect to see their tax bill rise due to tax reform, and those are disproportionately wealthier itemizers who live in high-tax blue states. Here's the political question Republicans need to ask themselves: Will real facts and empirical reality regain the high ground once Americans actually, you know, file their post-reform taxes? If so, the vast majority of taxpayers will realize that Democrats were lying to them. Conservative policy wonk and activist Phil Kerpen is urging people to calculate their own tax scenario using this online tool:
A political strategy completely at odds with reality seems unlikely to end well. Are you going to believe Dems/media or your lying paycheck? https://t.co/2L1M1U05OH— Phil Kerpen (@kerpen) December 12, 2017
The nonpartisan Tax Foundation also ran the numbers on how a wide array of American families would fare under reform, concluding that every household they profiled came out ahead:
Nonpartisan Tax Foundation analysis of Senate tax bill: "Our results indicate a reduction in tax liability for every scenario we modeled, with some of the largest cuts accruing to moderate-income families with children." Lower taxes & higher post-tax income across the board... pic.twitter.com/SPoRFBAYfF— Guy Benson (@guypbenson) November 28, 2017
The follow-up question for Republicans is, even if a massive supermajority of Americans do experience tax relief, will the media and Democrats try to drown out those stories by showcasing individual negative cases? The GOP should count on it, and develop an aggressive messaging strategy to highlight the countless winners under reform, constantly beating the drum about how Democrats' (literally) apocalyptic predictions were embarrassingly wrong. Unlike Obamacare, which spat out significantly more losers than winners after everyone was promised utopia, many, many more taxpayers will benefit from the Republican plan than will feel a setback -- to say nothing of independent projections of faster economic growth and the creation of nearly one million new full-time jobs. Meanwhile, here's a late-breaking detail about the compromise framework that has reportedly been reached ahead of the now-ongoing conference committee's work:
GOP final tax bill details, per two sources briefed:
* 21% corporate rate
* 37% top individual rate
* 20% pass-through deduction
* $750k for mortgage interest— Ylan Q. Mui (@ylanmui) December 12, 2017
The highest tax bracket will receive a small rate cut after all (the House bill didn't include a rate cut at the top), and the corporate tax cut was scaled back by one percentage point. Is the revenue attached to that slight uptick in the proposed corporate rate being put to the best use, policy-wise or politically? Ramesh Ponnuru says no, and I'm inclined to agree (as is Marco Rubio, incidentally):
So that 20% corporate tax rate turned out not be the non-negotiable line in the sand we were told it was. https://t.co/L43jjkyNsl— Ramesh Ponnuru (@RameshPonnuru) December 12, 2017
I'll leave you with a strong editorial in favor of reform, which posits that once tax reform is implemented and Americans see the results, liberal myths "will be demolished by reality." Also, read this report about economic bullishness among American manufacturers in anticipation of pro-growth reform. Quote: "63 percent of [manufacturing] CEOs said business tax reform would encourage capital spending and more than half said they would expand their businesses."
Can you provide me with a source for those tools? Thanks.
You know, you could make it up if you could convince your state to reduce its sales tax by maybe 2% and eliminate all the other BS taxes that have been imposed on you over the past 10 years..............With the exception of the weather, it sucks living in California doesn't it?........LOL!
“When retirees in high property tax states (CA, NY, TX, FL, etc.) see their federal tax bills rise in 2018, they are going to take that anger into the voting booths in 2020. Good luck GOP and Trump.”
—
True. But on the bright side, at least the Federal government will be getting their money to fritter away!
(And, yes, that’s sarc re:the pyrrhic tax victory)
BTTT
We can’t ‘sell things to the public’ like liberals do because 99% of newspapers, magazines, and TV content (news and entertainment) are liberal.
That’s it, mostly. It’s also hard to ‘sell things to the general public’ when even our own leadership FAILS miserably at presenting and fighting for OUR causes, legislation, candidates, etc.
The propagandists come in all stripes. Just ask Midge & The RINOs.
They’re having a great laugh, along with their buddies Nan and Chuckie, today.
Listen to the Commie media long enough and sheep will believe ANYTHING..honestly I have NO clue how Donald Trump became President..truly was a miracle after what he had to deal with, and still does..the same people who say “I dont believe a word coming from the media” believe every word coming out of the media
Did that story say Marist College or Marxist College or is there any difference?
Cutting Corporate Taxes along with being revenue neutral (in order to do reconciliation) would necessarily result in an increase of taxes on a fair number of individual peeps.
Do these Libtards and GOPeers not understand Elementary School Math?
“Lots of idiots on FR, buying into the ..”
Hey a$$hole.
I do my own taxes every year. I ran my own calculations.
I also used every online calculator that shows the result of both the House and Senate plans.
In all scenarios my taxes go up substantially.
You’d do well to limit your derogatory commentary to things you actually know something about. In this you appear a fool and a tool.
One of them is linked in the source article posted here.
Uh, Lotsa peeps live in Calif. w/o paying taxes.
I used to live there long ago in the Golden Daze, but now totally enjoy visiting without being liable for much of the taxation.
It’s a Great Place. To visit.
Right~! And for what it's worth, I blame YOUR state of California for providing Hillary and the leftwing idiots their constant mantra that "Hillary won the popular election"........
No offense to you bro, you made your choice to live there........
CA is not raising my taxes.
Congressional Republicans are raising my taxes.
I guess those of us whose taxes will go down, are liars. Sorta like deplorables, right Hillary? Jerk.
Does the obamacare tax get killed in this bill?
I did both calculators - House and Senate versions. My taxes go up. If the GOP can’t hold onto a Senate seat in Alabama, lots of luck holding onto Republican House seats in CA, NY, NJ and other states once they pass the Tax Bill.
Well then maybe Senator Shelby shouldn’t have spent the weekend trashing Moore and instead been explaining the tax plan during his media interviews. We can see what the GOP priorities are here. Getting out the word about their tax plan clearly isn’t it.
Not for us. A 2% sales tax reduction wouldn't make up half the expected spike in our federal tax bill for 2018. And for the record, I am not including the loss of the SALT deduction. If included, the federal tax spike is even higher in 2018.
Dude, you apparently need to back off, Bigly, on being productive and mellow out into the Calif. community of takers.
Turn on, tune in, drop out.
We can’t ‘sell things to the public’ like liberals do because 99% of newspapers, magazines, and TV content (news and entertainment) are liberal.
Senator Shelby was all over the liberal media last weekend. Was he talking about the tax plan? I’d bet my house he wasn’t. Why do you think that is?
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