Treasury data debunk Dems’ propaganda against ‘Big Beautiful’ tax cuts
Congressional Democrats voted in lockstep against the 2017 tax reform and relief bill, a signature accomplishment of the first Trump administration. They argued that the measure was a giveaway to “millionaires and billionaires,” while ludicrously describing it as “Armageddon” for families. Based on their parade-of-horribles messaging, they conditioned working- and middle-class people to expect tax increases, followed by an economic collapse. In reality, the overwhelming majority of taxpayers across all income groups received a tax cut, thanks to the across-the-board provisions actually in the law. And in the latter portion of Trump’s first term, up until COVID-19 shut the world down with black swan disruptions, the U.S. economy was cooking with gas, meeting with solid approval from voters.
