On Friday, Breitbart posted an article about some of the current lies being told about the ‘Bid Beautiful Bill.’ The bill is not perfect, but considering the parameters the Republicans had to work with, it is generally a good bill.
The article reports:
Democrats opposing the bill have asserted that it benefits the rich, but they have done so by fudging the numbers, largely relying on the Congressional Budget Office’s (CBO) analysis to fuel their criticisms. But as Breitbart News reported, the CBO — created to act as a nonpartisan advisory body — has its performance as well as personnel’s political history bringing that into question:
But the CBO’s extensive history of overestimating benefits for Americans from public health care, underestimating costs of Democrat policies on taxpayers, and stacking the deck against Republican policies reveals a deeply partisan agency influencing lawmakers in order to further left-wing causes.
In addition to its history of unreliable projections propping up Democrats, according to FEC records, of the nearly $17,000 donated to candidates and committees from CBO employees since 1986, only $250 went to Republican candidates — a single donation to George W. Bush in 2000.
In some ways, Democrats are essentially equivocating taking away tax-funded benefits for illegal immigrants as taking benefits away from the poor. But that in itself is completely disingenuous.
The Ways and Means Committee is correcting the record, warning the American people not to fall for the same lies the Democrat touted to discredit the 2017 Trump tax cut’s benefits for the working class. All in all, the GOP says the numbers are clear, showing that the measure benefits working class Americans.
A fact sheet presented by the Ways and Means Committee shows that not only does the measure halt a $1,700 tax increase, but it provides an additional $1,300 in tax cuts for families of four taking in less than $100,000.
American can have either an economic safety net or open borders. We cannot do both.
The article concludes:
“The facts speak for themselves,” Ways and Means Committee Chairman Jason Smith (R-MO) said in a statement. “After passage of the 2017 Trump tax cuts, we saw a booming economy that raised wages by nearly five percent, with those in the bottom 10 percent seeing 50 percent more wage growth than those in the top ten percent.”
“The top one percent of earners paid more in taxes after its passage. The One, Big, Beautiful Bill builds on that success and delivers even greater tax relief, higher wages, and better economic growth – all of which will primarily benefit working families as will President Trump’s priorities of no tax on tips, overtime, and auto loan interest plus tax relief for seniors,” he said, adding, “The legislation doubles down on pro-growth, pro-family policies that directly benefit low- and middle-income families.”
Ultimately, he said the bill is a “win” for the working class.
Those of us in the working class appreciate the bill.