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Heritage Explains

How the Left Is Lying About Tax Reform

Heritage Explains

Heritage Podcast Network

Education

4.7847 Ratings

🗓️ 19 October 2018

⏱️ 18 minutes

🧾️ Download transcript

Summary

The Republican tax cuts are losing popularity among Americans, in spite of more money being placed in their pockets, and a booming economy that is creating opportunity for all. How can it be that Obamacare (fewer options, lower quality, and more expensive) is more favorable than the tax cuts? This week, we talk with Adam Michel and Jordan Hess to correct the record, and provide listeners with ammunition to fight back against the left's narrative.

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Transcript

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0:00.0

From the Heritage Foundation, I'm Tim Desher, and this is Heritage Explains.

0:19.0

And this is Heritage Explains.

0:31.1

It's the single biggest accomplishment of Donald Trump's presidency.

0:33.0

We broke every record.

0:37.2

It's the largest, I always say the most massive,

0:43.3

but it's the largest tax cut in the history of our country and reform, but tax cut.

0:45.6

Really something special.

0:53.5

Like clockwork, almost immediately after the tax cuts were passed, the left began to shape the narrative. Now we know they're popping

0:56.2

champagne down Pennsylvania Avenue. There are only two places where America's popping champagne,

1:04.9

the White House and the corporate boardrooms. We have a simple message for our Republican friends.

1:12.6

Republicans will rue the day they pass this bill,

1:16.6

and you can bet Democrats will make sure of that.

1:20.6

It's heavily pushing in the direction of the same income inequality we've had.

1:25.6

So this is a massive tax cut for high-income people and big corporations.

1:31.9

And it was sold as this is going to increase the wages of ordinary people in America.

1:38.0

And it hasn't done that.

1:39.1

In terms of the bonus that corporate America received versus the crumbs that they are giving to workers

1:48.0

to kind of put the schmooze on is so pathetic.

1:53.4

But here's something the left isn't telling you.

1:56.7

Did you know that over 90% of workers have higher take-home pay because of the tax cut?

2:03.7

In addition, hundreds of companies, both large and small, around the country,

2:08.3

are giving bonuses, pay raises, and increasing benefits because of tax reform.

...

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