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Wednesday, November 29, 2017

Media twist tax plan studies to claim it hammers middle class

Many media outlets loudly claim that both the House and Senate versions of tax reform harm the middle class and poor. But is it true?

A New York Times headline Tuesday blares that the Senate bill “Increasingly Rewards [the] Wealthy.”

As evidence, the Times cites a government study. “By 2027 … Americans earning $75,000 a year and below would, as a group, see their taxes increase, because individual tax cuts are set to expire at the end of 2025,” the Times reported.

But that pertains only to what happens after the scheduled expiration of cuts. The Times makes no mention of the cuts the middle class would see under the plan next year, or of the fact that Republicans are counting on the cuts to be extended. The expiration at the end of 2025 is widely seen as a “budget gimmick” to minimize the apparent impact on the deficit and keep the impact under $1.5 trillion over 10 years, easing the way for passage under Senate rules.

More
http://www.foxnews.com/politics/2017/11/28/media-twist-tax-plan-studies-to-claim-it-hammers-middle-class.html

3 comments:

Anonymous said...

The Left is banking on YOU not knowing HISTORY. With both Reagan and JFK, tax cuts did wonders for the economy and brought business up to a new high! That's FACT and no amount of ginning up BS is going to change it. LEARN HISTORY, Peeps. You do yourselves a disservice by not knowing the truth about America's past.

Anonymous said...

Billionaire elitists pounding their political buttwipes to say this because they want their taxpayer subsides this tax bill eliminates to continue.

Anonymous said...

When you think anyone in government gives a flying fig about you, they have you right where they want you. This is not a partisan issue, each side of the political spectrum care about two things. Getting votes and supporting their special interest groups.