Democrats have insisted that President Donald Trump’s tax plan would only benefit the wealthy, going as far as to call the plan “pathetic” for what it does for working people.
Southern California public radio station KPCC was among those who made such claims, reporting that the new law would give big cuts to corporations and wealthy Americans and only modest reductions to other Americans.
The station echoed liberal talking points when it claimed the bill would leave lower-income families in the lurch.
As usual, these claims are absurd, and KPCC had to make that embarrassing admission while attempting to prove how bad Trump’s tax reform bill would be for those with lower incomes.
The station enlisted the help of H&R Block tax preparer Aaron Martinez to calculate the taxes for a group of Californians at different income levels that ranged from low-income grad students to highly paid professionals.
Based on 2016 tax returns, Martinez found that the impact of Trump’s tax reform resulted in savings for a wide spectrum of incomes, including those who are considered to be low income.
For example, graduate student Christine Vega, who earned $23,446 last year, would receive a refund increase of $400.
Middle-income earners Megan and Marlee Malone-Franklin, who made $69,192 last year, would receive a tax cut of $1,497.
KPCC reported that Martinez said the cases showed that “most people will see a reduction in their tax. But not everyone.”
However, the station failed to present anyone who would not benefit from the tax bill.
KPCC went on to report that Martinez said that claims that the bill was skewed toward the rich depended on where people were rich.
“The new rules don’t always give much back to highly paid workers in a state like California. They pay higher state income taxes than residents in other states, and now their ability to deduct those taxes will be capped,” the station reported.
“The impact to residents of California is going to be different than a state like Texas or North Carolina or Florida,” Martinez said.
“They’re going to get more of a benefit out of it than what we will get,” he added.
So, those who do not live in California can expect to see even better numbers.
It must pain liberals to admit that the president’s tax plan is going to benefit low- and middle-income families after all the scaremongering that took place before the bill was passed.
Once again, we have proof that liberals simply cannot be trusted.
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Text source: https://conservativetribune.com
Image source: https://static.domain.com.au/domainblog/uploads/2017/05/18133411/2_gutzc6.jpg