Taxes

Dems & Leftmedia Fools to Preach Against GOP Tax Cuts

Pelosi backtracks on "crumbs," while the NYT admits faulty calculations on an article against tax cuts.

Political Editors · Mar. 9, 2018

There’s no question Democrats and their Leftmedia propaganda outlets don’t like the Republican tax cuts, because it means government is taking less money from of hard-working Americans. And less money equates to less control. But they can’t state their genuine reason for objecting so they attempt to either belittle the amount of money Americans save from tax cuts as mere “crumbs” or decry them as “unpatriotic” as House Minority Leader Nancy Pelosi (D-CA) infamously expressed.

She altered her stance a bit this week, saying, “Certainly, we love when people get a bonus, and if they get a raise. But if it is so small in comparison — if the choice was made for corporate America and the top 1% in our society, at the expense of working families, something is wrong with this picture.” Middle-class Americans keeping more of their own money while wealthier Americans keeping more of theirs is not anybody doing anything at the expense of anybody else.

Even the Leftmedia has struggled in its attempt to paint the tax cuts as bad for Americans. Case in point, The New York Times recently ran an article that sought to use a hypothetical middle class couple’s tax return to show that they would actually end up paying thousands more in taxes under the new law. The Times article stated, “Bottom line … the family would owe $3,896 more in taxes under the new law.”

Bad, right?

Not so fast. The Times, relying on TurboTax vice president Bob Meighan’s calculations, missed a significant deduction, a deduction that University of Chicago law professor Daniel Hemel noticed. The Times failed to calculate a deduction for the hypothetical couple from the new law based on the description of the couple being “self-employed.” Hemel tweeted, “NYT has a really nice infographic explaining the ways in which the new tax law will play out on the 1040. Unfortunately, the bottom line conclusion — that Samuel & Felicity will owe $3,896 more in taxes under the new law — appears to be wrong. They’ll actually owe less.” The Times later admitted that it’s calculations were off and that its hypothetical couple would actually come out on top by $43. But that’s just mere “crumbs,” we’ve been told.

The truth is Democrats’ decision to resist and take a stand against the GOP’s obviously beneficial tax cuts has proven to be a politically foolish stunt. It was spitting into the wind, only to have it blow back in their faces. However, admitting they were wrong may be an even more costly defeat, so they are stuck trying to convince the vast majority of taxpaying Americans not to believe that the growing numbers on their paychecks are a good thing.

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