Tax Reform Myth Busting
December 8, 2017
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1:00Now PlayingTax Reform Myth Busting
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as posted by the channelMyth: Sen. Elizabeth Warren (D-Mass.) claims that "one group of economists after another have looked at this bill and it won’t do a darned thing.”
Fact: 137 economists said, “Economic growth will accelerate” under the Tax Cuts and Jobs Act.
Myth: In a deleted tweet, Sen. Kamala Harris (D-Calif.) claims that “On average, middle class families earning less than $86,000 would see a tax increase …”
Fact: The Washington Post gave her "Four Pinocchios" and said, “Actually, it’s the opposite. Most families in that income range would get a tax cut.”
Myth: Sen. Chuck Schumer (D-N.Y.) claims that tax reform is “kicking 13 million people off health insurance to give tax cuts to the wealthy.”
Fact: The Washington Post says, “inaccurate." This bill only repeals the individual mandate’s penalty, which means Americans will no longer be forced to buy insurance they don’t want or can’t afford.
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