Saturday, December 23, 2017
A reader asked whether Harris's tweet was accurate. But when we looked into it, it turns out that many Democrats were tweeting the same talking point -- that middle-class families would face an average tax increase under the GOP plan. .... But notice the funny thing about this calculation: Only a small percentage (6.5 percent) of the nearly 122 million households in the bottom three quintiles will actually face a tax increase. Meanwhile, more than 97 million (80 percent) will receive a tax cut. Doing the math the same way the JEC staff did, we come up with an average tax cut of about $450 for those 97 million households.
I also find it interesting Democrats are NOW worried about the deficit ....
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