Liars and assorted leftists falsely claimed the Trump tax cuts benefitted the super-rich, not the middle class. It has now been proven those leftists were wrong and, whether they knew it or not, were lying.
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Sen. Mazie Hirono (D-Hawaii) claimed that the richest 1% of Americans were "dancing in the streets" after the Senate passed the tax cuts.
Then-Sen. Kamala Harris said, "The tax plan approved tonight by my Republican colleagues is shameful. This is a victory for corporations and the top 1% of Americans, not teachers, not seniors, and certainly not the middle class."
Then-Democratic House Minority Leader Nancy Pelosi stated, "Despite Republicans’ empty promises to cut taxes for middle class working families, it’s clear that the GOP tax plan for the wealthiest is rich indeed."
Pelosi also claimed, "Eighty-six million middle-class families will see a tax increase while they advertise it as a middle-class bill." The assertion earned two Pinocchios from the Washington Post.
However, new analysis shows the Republicans' 2017 tax cuts benefited middle-income and working-class Americans the most. The Heartland Institute — a free-market think tank — analyzed data from the U.S. Internal Revenue Service. The analysis declared that assertions made by Democrats about the GOP's tax cut law were incorrect.
The Heartland Institute examined IRS data from 2017 to 2018, the first year the tax cuts went into effect.
"The Tax Cuts and Jobs Act reduced average effective income tax rates for filers in every one of the IRS’s income brackets, with the largest benefits going to lower- and middle-income households," the report stated.
Republicans' 2017 tax cuts benefited middle-income and working-class Americans the most, the exact opposite of what Democrats claimed: Analysis
Democrats declared that the Republican Party's 2017 tax reform law benefitted the wealthy the most, and even proclaimed that the tax cuts increased taxes on middle-class Americans. However, new analysis shows the exact opposite of what Democrats claimed. The Tax Cuts and Jobs Act of 2017 — the...
www.theblaze.com
Then-Sen. Kamala Harris said, "The tax plan approved tonight by my Republican colleagues is shameful. This is a victory for corporations and the top 1% of Americans, not teachers, not seniors, and certainly not the middle class."
Then-Democratic House Minority Leader Nancy Pelosi stated, "Despite Republicans’ empty promises to cut taxes for middle class working families, it’s clear that the GOP tax plan for the wealthiest is rich indeed."
Pelosi also claimed, "Eighty-six million middle-class families will see a tax increase while they advertise it as a middle-class bill." The assertion earned two Pinocchios from the Washington Post.
However, new analysis shows the Republicans' 2017 tax cuts benefited middle-income and working-class Americans the most. The Heartland Institute — a free-market think tank — analyzed data from the U.S. Internal Revenue Service. The analysis declared that assertions made by Democrats about the GOP's tax cut law were incorrect.
The Heartland Institute examined IRS data from 2017 to 2018, the first year the tax cuts went into effect.
"The Tax Cuts and Jobs Act reduced average effective income tax rates for filers in every one of the IRS’s income brackets, with the largest benefits going to lower- and middle-income households," the report stated.
