This is not your every day occurrence. While on CNN’s “State of the Union,” Bernie Sanders admits to Jake Tapper that the middle cut tax cuts in the new tax law “are a good thing.”
TAPPER: Next year, 91% of middle-income Americans will receive a tax cut. Isn’t that a good thing?
SANDERS: Yeah, it is a very good thing, and that’s why we should have made the tax breaks for the middle class permanent. But what the Republicans did is make the tax breaks for corporations permanent, the tax cuts for the middle class temporary, and, according to the Tax Policy Center … at the end of ten years, 83% of the benefits go to the top 1%, 60% of the benefits go to the top one tenth of 1%. Meanwhile, at the end of 10 years, well over 80 million Americans will be paying more in taxes.
Watch the video:
It’s not every day you see socialist crackpot Bernie Sanders give ANYTHING from the right credit. To make it even more unbelievable it happened on CNN.
Per Daily Wire:
Sanders made sure to note that the tax cuts for middle-class Americans will expire by 2025, while the corporate tax cut is permanent. This talking point has been repeated by nearly every prominent Democratic politician and pundit for weeks.
Progressives want Americas to believe that the GOP tax plan was structured to benefit the wealthy at the expense of the poor and middle class. However, key details that contextualize the bill are being deliberately left out of the conversation. If progressives succeed with this manipulation by omission, tax-reform-as-class-warfare can be used as a weapon in the 2018 midterm.
There are two things the GOP tax bill needs to address: reconciliation and the Byrd rule.
More, per Newsweek:
Each year Congress has the option of adding special rules to their budget, known as reconciliation instructions. This powerful tool allows Senators to pass legislation with just 50 votes instead of the usual 60-vote threshold — and also makes the bill not subject to filibuster. Spending and tax bills, including this one, are usually passed under the protection of reconciliation.
But the process is governed by the Byrd Rule, which limits the kind of legislative provisions allowed. Under the Byrd rule … a provision is considered extraneous if it increases the deficit beyond a 10-year window, makes changes to Social Security or does not produce a change in revenues.
Though the tax reform is not perfect, it’s nowhere near as the bad would lead you to believe. Any tax reform is going to need adjustments and work, but it is much better than what was in place and lifts a lot of restraints off of the businesses and people of this country.