Earlier this week, the House passed the biggest tax cut in thirty years. The “Tax Cuts and Jobs Act” cuts taxes for 80% of Americans. It also provides tax breaks for private corporations and introduces a new individual tax code. The corporate tax rate would decline from 35 to 21 percent. The average family would experience a $2,059 reduction in taxes next year. Finally, and perhaps, most significantly, the bill removes the Affordable Care Act mandate that penalizes Americans who do not purchase healthcare.
This is much of what Republicans in the House and Senate have been fighting for the last several years. The bill is also a huge win for President Trump and Speaker Ryan who have promised to deliver tax cuts to the American people for months.
The Senate also passed the bill, by a 51-48 vote. However, Senate Democrats argued that several provisions of the bill violated Senate rules. Therefore, the House will vote again on the bill on Wednesday.
The bill was passed in the House a second time, by a 224-201 vote. Now, it will go to President Trump’s desk for approval.
Misinformation and Reactions to the Bill
The reaction from the left is hyperbolic, as usual. Senate minority leader Nancy Pelosi deemed the bill “the worst bill to ever come to the floor of the House.” Earlier this month, she called the tax bill “Armageddon.” In the mind of the left, the world ends not with a bang, but with a tax bill.
This fear-mongering from Democratic leaders like Pelosi is incredibly dangerous and a source of even greater division within our country. These incredibly hyperbolic statements demonize republicans in the minds of those who take Pelosi seriously.
Regardless of what Democrats want you to believe, the bill is a huge win for the American people.