Skip to comments.IRS data proves Trump tax cuts benefited middle, working-class Americans most
Posted on 12/04/2021 11:29:03 AM PST by yesthatjallen
President Biden and congressional Democrats' Build Back Better (BBB) Act is now in the hands of the Senate. That legislative body's 50-50 partisan split will undoubtedly make the bill's passage difficult.
In order for BBB to become law, Democratic Senate leadership will need to convince moderates such as Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.Va.) that the legislation's $2.4 trillion price tag can be offset by expanding the IRS and its enforcement efforts while imposing substantial tax reform measures.
Congressional Democrats have argued that one of the best ways to pay for the legislation is to raise taxes on wealthy households, which, according to many on the left, have benefited disproportionately and unfairly from the 2017 tax reform law passed by Republicans and signed by former President Trump. The latest data, however, proves that this claim is pure mythology.
Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans' tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.
(Excerpt) Read more at news.yahoo.com ...
Any tax cuts benefit the middle class, if only to make the price of goods go down. Democrat taxes “on the rich” only make them go up, hurting everyone.
Say it ant so....DemoRats lied to me.....$hit.
The price of Gas, mostly federal taxes, hurts the poor and middle class MOST!!!
Facts do not mean anything. For dems, it is how they feel about an issue.
Donald John Trump...one of the greatest POTUS we have ever had!!! We sure could use him, NOW as the Captain of this great ship of state , the USA!!! Biden is nothing but pure garbage material from head to toe. Biden equals...no class, no brains, is an ego maniac retard and loves only himself. Biden is also a 1005 incompetent from A-Z!!! Americans get with it Democrats & Biden are destroying this great country!!!
Contrary to everything the New York Times spewed out at the time.
This cannot be true. Joy Reid, Anderson Cooper, Cuomo, Pelosi, and Maddow all told me that only the rich were getting tax cuts!
Imagine how prosperous this country would be if Government simply concentrated on the Rule of Law and National Defense. Not easy to maintain when there is such a huge pot of loot and no shortage of fake heros who will hand it out unconstrained.
I wouldn't dignify it with "argued", it's simply the usual spew of anything-that-benefits-the-party garbage. In fact, the Dems hold working and middle-income class people in complete contempt and everybody involved knows it, including the media who dutifully repeat this crap because guess what? They aren't working or middle class themselves.
We knew that when it was being debated
The Hill was too busy lying about to notice
The Trump administration made a mistake in changing the rules for withholding so that many people, who had been accustomed to getting one,had no refund at the end of the year. Our education is so pitiful that they did not believe that they got a tax cut. They just spent everything that went into their direct deposit account each month.
Dimwads and rinoshits don’t care.
Yup. Trump’s tax cuts plus his energy independence policies, his America first policies toward China, Mexico, etc., and his border security policies made our economy boom. Biden’s open-borders, welfare, and Green New Deal policies will lead to world-wide depression, unemployment, mass starvation and global war if enacted.
Will the media report this? I know the answer.
My business increased four fold under Trump’s policies. That is until the kung flu shut it down. fjb
Raising taxes is ‘reform’?? No, that’s DEform. Reform world be getting them down to a reasonable level, and much less ‘progressive’ rates.
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