The GOP tax bill is getting a lot of heat from the left as you might expect. The mainstream media is leading the charge and parroting any sound byte that they can get from a Democrat. they also invent some fake news of their own about who will benefit from tax cuts. House Minority Leader Nancy Pelosi called it worse than Armageddon. She would be wrong about that, don’t you think? here are three claims that are debunked. It was easy to do . Enjoy.
As Written and Reported by Siraj Hashmi for the Washington Examiner:
There’s a lot of noise out there about the GOP tax bill that will surely pass Congress and end up on President Trump’s desk Wednesday, but there are a few lies that are so egregious that we have to address them.
Outside of Democrats and opponents to the Republican tax bill saying it will literally kill thousands of people, which is almost too stupid to debunk, here are the top three lies made about the GOP efforts for tax reform.
1) Ron Insana: “It is not a middle-class tax cut.”
On MSNBC Tuesday afternoon, CNBC contributor Ron Insana argued that the GOP tax bill isn’t a break for the middle class. Speaking with MSNBC host Chris Jansing, Insana said that Trump can’t make the argument six months from now that he helped out the middle class.
“I think every analysis so far, whether it’s a Joint Committee on Taxation, whether it’s a Tax Policy Center, shows the majority of the benefits going to the wealthiest 5 percent, 10 percent of the population, even the top 0.1 percent will benefit from this,” Insana explained. “There are all kinds of loopholes in the pass-through entity, the so-called LLC or other corporate provisions that were going to benefit others. Very difficult to figure out exactly what the loopholes are at the moment. I just got off the phone with my own accountant trying to understand in detail what this means. But it does not help individuals who are below ….
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