President Trump's Tax Cuts Helped Middle Class
Floor Speech
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Mrs. McCLAIN. Mr. Speaker, we have all been forced to suffer through 4 years of hearing the Democrats spreading falsehoods regarding President Trump's middle-class tax cuts.
Over and over again, they claimed, with little fact-checking from their allies in the mainstream media, that this bill was a tax giveaway to the rich. The Speaker, not trying to be outdone by her colleagues' exaggeration, claimed that the bill was Armageddon.
But, of course, as with many claims from my Democratic colleagues, this runs in contradiction to the actual facts. I will say it again: What government needs is truth, transparency, and consistency from its leaders.
The IRS' own data shows the Democrats have been shamelessly lying about a bill that led to middle-class families keeping more of their hard-earned money and creating more family-sustaining jobs. The data also shows that millions of middle-class Americans received tax cuts ranging anywhere from 16 percent to 26 percent in 2018. We saw employers nationwide provide bonuses to their employees up and down the pay scale.
Median household incomes were on the rise, and the IRS collected more revenue--I am going to say it again--the IRS collected more revenue in 2019 than ever before. Our economy was thriving.
Now that Democrats are in charge, they want to reverse the most successful middle-class tax reform in our Nation's history. They don't just want to return our country to high, uncompetitive tax rates; they actually want to provide a massive tax cut to their elite, coastal friends. They are trying to provide tax breaks to the same wealthy people whom the likes of Senator Sanders and Speaker Pelosi rail against.
President Biden promised all Americans last year that his plan would go after the evil wealthy. So I ask this: Does this tax break for only the limousine liberals and those living in McMansions sound like President Biden is fulfilling his promise? Or does it, once again, sound like President Biden is deceiving the American people?
But let's not let the facts get in the way of a really good story. I am confident the American people are able to see behind the Democrats' deceit and will be outraged by their giveaways to their rich, elite friends.
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