Advertisements
The Latest:

Trump-GOP tax cuts are helping nearly everyone, not just ‘the WEALTHY’

(National SentinelBeneficial: Democrats and their compliant lapdogs in the ‘mainstream media’ have done their best to talk down historic tax cuts and tax reform passed by the Republican-controlled Congress in December and signed immediately by POTUS Donald Trump.

So much so, in fact, that for months polling data allegedly indicated that most Americans were not supportive of them, as amazing as that sounds.

But slowly, support for the tax cut package has been growing over the past several months as more Americans bypass the fake news establishment media and learn more about the law.

That hasn’t stopped Democrats from continuing to demonize them — and in typical fashion. Democrats and the media keep claiming they only benefit the wealthy. But a new study finds that as usual, those claims are false.

The Western Journal reports:




Produced by Boston University economist Laurence Kotlikoff, University of California, Berkeley professor Alan J. Auerbach and Darryl R. Koehler of the Fiscal Analysis Center for the Goodman Institute for Public Policy Research, the study applied a new set of tools and a data-driven model to expand on the analysis of the Tax Cuts and Jobs Act of 2017.

From a broad-based, long-term perspective, the 2017 tax reform package supported by President Donald Trump and congressional Republicans was small and essentially in line with previous tax cuts in regard to how benefits are distributed across economic classes, according to the study.

By and large, the benefits are distributed proportionally — everyone gains a bit in terms of income after federal taxes, Kotlikoff told Watchdog.org.

The study noted that the highest-earning 20-year-olds, such as the top 1 percent, would get just 4.05 percent of the tax cuts among their peers.

That’s hardly the lion’s share.

Meanwhile, about 6.54 percent of benefits accrue to the top 1 percent of 40-year-olds, the study noted after researchers analyzed several income brackets within specific age groups over their lifetime of earnings.

These results are the polar opposite of findings by the liberal Brooking Institute’s Tax Policy Center, which concluded earlier this year that 82.8 percent of the tax benefits would go to the highest-earning Americans.

“Furthermore, the Tax Policy Center’s own numbers show that if the federal income tax cuts were made permanent, the top 1 percent of income-earners would receive 25.3 percent of the benefits, the Goodman Institute highlights,” The Western Journal reported.

“The tax cuts will benefit everyone,” Jim Tobin, president of Illinois-based Taxpayers United of America, told Watchdog. “Some will have more disposable income to spend. Some will save on capital gains taxes, and some will receive raises or find jobs as a result of the economic stimulus.”

In other words, it all depends on how you skew the data. But when researchers look at the real numbers and are honest in presenting them, Americans understand that the GOP and POTUS Trump are the ones being honest with them.

Beyond this data manipulation by a Left-leaning organization, you have to ask yourself a basic political question: Why are Democrats so averse to Americans at any income level keeping more of their money?


Never miss a story! Subscribe to our daily newsletter and get our new report “The Spygate Files” for free!

* indicates required

Email Format

Advertisements

Have something to say?

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: