A few of the best tax cut myths
Congressional Democrats have had a rough year in making predictions, to say the least. Fortunately, when it comes to tax cuts, there’s plenty of real evidence to counter the political spin and deception being thrown at President Trump.
Here are just a few of the best examples:
One after another, Democrats lined up to make increasingly unhinged claims about something as simple as reforming America’s tax code. None of it was grounded in fact; all of it was built on hysteria. But once again, President Trump challenged the do-nothing status quo of Washington, and once again, his promises proved to be exactly right.
- “This is Armageddon,” then-House Minority Leady Nancy Pelosi (D-CA) said on the tax cut bill. “It is the end of the world.” Fact check: We’re all still here.
- Senate Minority Leader Chuck Schumer (D-NY) claimed that “what has been sold as a job creator and wage booster will, of course, do little of either.” In the first 3 months of 2018, nominal hourly pay for workers grew at its fastest rate in at least a decade.
- Clinton Administration economist Larry Summers boldly proclaimed that about 10,000 people would die every year from tax reform if passed into law.
“The vast majority of people did get a tax cut,” tax expert Nathan Rigney told The New York Times this week. That’s actually been clear all along, he said—“just now we have real data to back that up.”
Rep. Kevin Brady: Democrats, as usual, were wrong on Trump’s tax cuts
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