Wait, what? You mean the world DIDN’T end?!

Nancy Pelosi called the GOP tax plan bill, “Armageddon.”

But the Tax Foundation says it is pro-growth and will

  • increase revenues by $600 billion,
  • lift the GDP by 1.7%, boost wages by 1.5%, and
  • add 339,000 full-time jobs to the economy.

Hardly the end of the world.

2017_12 GOP tax cuts toon by Ramirez

I got this in an email from Heritage Action for America:

The 2016 election provided a once in a generation opportunity for tax reform. And thanks to your efforts, the Republican-controlled Congress has delivered a huge accomplishment for the conservative movement and America as a whole.

Thirteen months ago, the American people spoke with a firm and resounding message — they demanded sweeping tax reform and lower taxes for everyone!

And this time — Congress listened. Republicans in Congress passed the Tax Cuts and Jobs Act, which will help middle class families keep more dollars in their pockets, small business will get the chance to grow and thrive, and large business are now able to bring jobs back to America and increase the wages of workers.

This video is really worth watching.

Sources:

1 Comment

Filed under Democrats, Economy, Republicans, Taxes, U.S. Congress

One response to “Wait, what? You mean the world DIDN’T end?!

  1. chrissythehyphenated

    Due to the crap-ass job the Left Wing Bullshit Media has been doing to “educate” the masses, 50% of Americans polled believe their taxes will go up, while another 25% believe they will stay the same.

    The reality is quite different.

    The Joint Committee on Taxation (JCT), which is an official Congressional scorekeeper, the Tax Foundation (which leans to the right), and the Tax Policy Center or TPC, (which leans to the left) ALL AGREE that the GOP tax bill will reduce the tax burdens for the vast, vast majority of American taxpayers across every income group.

    The LEFT LEANING Tax Policy Center says 80% of taxpayers are going to get a tax cut and 5% will see a tax hike of more than $10. The average family’s tax cut will be somewhere around $1,600 to $2,000. Most of those who will see a modest rise are in the upper income brackets from high-tax blue states.

    Democrats shriekers have also made a lot of noise about how the GOP bill is all about rewarding rich Republican cronies. Yeah, right. Currently, the top 1% pay 27% of all federal taxes. They’re getting 21% of the tax cuts. Cry me a river.

    https://townhall.com/tipsheet/guybenson/2017/12/19/leftleaning-scorekeeper-so-the-gop-tax-bill-cuts-taxes-for80-percent-of-americans-n2424201

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