Democrats’ Misleading Tax Line
The Republican tax plan was signed into law just last month, and Democrats already have a well-worn, and misleading, talking point about it. The post Democrats’ Misleading Tax Line appeared first on FactCheck.org.
by Lori Robertson
Jan 26, 2018
3 minutes
The Line: The top 1 percent will get 83 percent of the tax cuts under the new tax law.
The Party: Democratic
The Republican tax plan was signed into law just last month, and Democrats already have a well-worn, and misleading, talking point about it: 83 percent of the tax cuts go to the wealthiest 1 percent. That’s true for 2027 but only because most of the individual income tax changes expire by then.
In 2025 — the last year before those tax changes expire — a quarter of the
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