Democrats’ Big 2018 Idea: Raise Everyone’s Taxes

As Mario Cuomo famously said, “Politicians campaign in poetry and govern in prose.” It seems congressional Democrats’ idea of poetry is an ironclad promise to raise taxes for everyday Americans and their employers.

While Nancy Pelosi and her subordinates in the Democratic caucus fantasize about raising your taxes, a new study by the nonpartisan Tax Policy Center proves what we have been saying all along:

The new tax law will directly cut the taxes of nearly two-thirds of households this year, according to a new analysis released Wednesday by the nonprofit Tax Policy Center.

The think tank found the individual provisions of the law signed by President Trump in December will reduce taxes for 65 percent of households in 2018, while raising the tax bills of 6 percent.

Remember those bonuses that we have been hearing so much about? Hundreds of companies from Disney and Home Depot, to Walmart and Starbucks have been rewarding their employees with the benefits of tax reform. We now have new evidence that these bonuses are having a significant positive impact on our nation’s economy:

Democratic leader Nancy Pelosi said ordinary Americans would only get “crumbs” from the Trump cuts. The federal agency that does the math says those crumbs amounted to as much as $30 billion in January.

The Bureau of Economic Analysis raised its estimate of how much U.S. incomes rose in the first month of the year in response to widespread reports of businesses handing out onetime bonuses after the tax cuts became law. If those bonuses hadn’t been included, incomes barely would have risen in January.

The BEA also estimated that the tax cuts reduced personal taxes in January by a $115 billion annual rate.

The choice is clear, Democrats are offering higher taxes and lower wages, while the GOP is demonstrating how tax reform and the booming economy are helping everyday people achieve the American dream.