“Why are so many people under the wrong impression about their own taxes? As the Times put it, the gap “appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand [Trump’s tax reform] as a broad middle-class tax increase.” Give the paper credit for honesty.

Fact is, “Democrats did a very good job” at convincing people they wouldn’t benefit, the Tax Policy Center’s Howard Gleckman observed. “The reality has been unable to break that perception.”

Here in New York, as E.J. McMahon noted on these pages recently, Gov. Andrew Cuomo never stopped railing about the Trump tax cuts. He called them “an all-out direct attack on New York’s future,” suggesting they would effectively raise levies on middle-class families by as much as 25 percent.

Turns out “the vast majority” of New Yorkers actually “paid lower taxes in 2018 then they would have under the previous federal law,” wrote McMahon.”

“Our framework ensures that the benefits of tax reform go to the middle class, not to the highest earners.”

Remember that quote? Point blank the middle class got screwed we got thrown crumbs! Barely a 1% tax savings whereas people making over 200k got a 9% savings....you basically emptied your pockets for them and are grateful they let you keep the pocket lint!

The middle class actually got substantial tax cuts.   Many of the rich did not due to the new nationwide caps in deductions for mortgage interest and state and local taxes. 

When it comes to the liberal msm repeating lies 24/7, even Joseph Goebbels would be jealous.

Some of the great lies:

Trump colluded with Russia

The economy is not that good

You really didn't get a tax cut

Exactly!  Well said.

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it'. ....Joseph Goebbels

Here we have liberals telling people who received a tax cut, that they didn't really get one or that the wealthy got the majority of it. Funny they didn't make those arguments when the legislation was up for debate. Nope, all they cared about at that time was that it would be President Trump's first key piece of legislation and that it had to be prevented. Then they could say he didn't accomplish anything, right?  Well, I think Lincoln may have trumped Goebbels. What did he say about fooling the people?

If you tell a lie big enough and keep repeating it, people will eventually come to believe it'. ....Joseph Goebbels

Read more quotes from Adolf Hitler

U.S. National Debt Hits Record $22 Trillion

The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017.

...

The U.S. hit the new height despite Trump's promises on the campaign trail that he would reduce America's debt load. Almost exactly four years ago, he said that if the national debt topped $21 trillion by the end of President Obama's term in office, "Obama will have effectively bankrupted our country."

The national debt nearly doubled under Obama: It was $10.6 trillion when he took office and was nearly $20 trillion when he left. The rise has been blamed on factors from the Great Recession to wars in Iraq and Afghanistan and rising costs of Social Security and Medicare. Many of those pressures still exist.

Trump has long said that he knows how to solve America's debt problem. As he said in 2015 , "When you have $18-$19 trillion in debt, they need someone like me to straighten it out."

npr

Instead of Eliminating the Debt, Trump Will Add $8.3 Trillion

Candidate Trump had two strategies to reduce the U.S. debt. He promised to grow the economy 6 percent annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5 percent to 4 percent.

These projections are above the 2-3 percent healthy growth rate . When growth is more than that, it creates inflation. Too much money chases too few good business projects.  Irrational exuberance  grips investors. They create a  boom-bust cycle  that ends in a recession. Trump’s  Fiscal Year 2020 budget  lowered annual growth rates down to between 2.4 percent and 2.9 percent annually.

Trump promised to achieve 4 percent growth with tax cuts.  In his  first 100 days , he released the outline of would become the  Tax Cuts and Jobs Act . It cut the  corporate tax rate  from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the  standard deduction and eliminates  personal exemptions . The corporate cuts are permanent, while the individual changes expire at the end of 2025.

But Trump's tax cuts won't stimulate the economy enough to make up for lost tax revenue. According to the  Laffer curve , tax cuts only do that when the rates were above 50 percent. It worked during the  Reagan administration because the highest tax rate was 90 percent.

...

To lower the debt, military spending must also be cut. The most Obama spent was $855 billion in FY 2011. The most Bush spent was $666 billion in FY 2008. Instead of cutting, Trump is breaking all those records. Military spending rose to $989 billion in FY 2020.

What's left after mandatory and military spending? Only $676 billion to pay for everything else

thebalance

usdebtclock

Roughly every 25 seconds adds $1 million in debt, every 42 minutes adds $100 million in debt.

It's insane.

Lowering taxes is insane.

The Long Answer:

Tax cuts can boost economic growth. But the operative word there is " can ." It's by no means an automatic or perfect relationship.

npr

Have Trump's tariffs and tax cuts worked for us?

Have The Trump Tax Cuts Supercharged The Economy? The Data Don't Show It

forbes

Please tell us how much you cried about the national debt when Obama was President?  Democrats only care about the debt to use it as a tool to oppose the military and to oppose tax cuts.  

Well if you were paying attention on NewsVine, I complained quite a bit.  This was as true then as it is now.

According to the Stockholm International Peace Research Institute , in 2015 US defense spending outstripped that of China , Russia, UK , France , Japan, Saudi Arabia and India combined.

...

President Trump has announced plans to increase the US defense budget in 2018 by $54 billion dollars in order to "rebuild the depleted military of the United States of America at a time we most need it".

Some have said that this figure is misleading and the actual increase is ‘only’ $18 billion.

Whatever the final amount, the increase will take the US even further ahead of the rest of the world in terms of outright military spending.

weforum

"Fact is, “Democrats did a very good job” at convincing people they wouldn’t benefit, the Tax Policy Center’s Howard Gleckman observed. “The reality has been unable to break that perception.”

Nonsense. What Democrats, myself included, pointed out at the time was that the tax cut for middle income Americans was going to be relatively small and temporary compared to the huge permanent tax cuts for corporations and it didn't close any of the tax loopholes already being used so that virtually all of the top corporations paid effectively zero in taxes. 60% of the tax cuts went to corporate America and the top 1% of earners.

And now, when middle income Americans are seeing the $800-$1200 annual tax saving spread out over the year in slightly increased paychecks, they find out that because they didn't adjust their withholding they either aren't getting the expected tax refund or possibly even have to pay at the end of the year. Many of my friends try to make sure they withhold just enough so they aren't out of pocket come tax season, often getting $100 to $500 back as a small buffer just incase. This year many barely noticed the extra $28 per paycheck but noticed it when they did their taxes and realized they owed a couple hundred instead of being owed.

That's why there are many who are dissatisfied with getting a tax cut they barely noticed (that's temporary btw) while it gave huge permanent cuts to the top 1% and corporations and added hundreds of billions to our annual deficit increasing it by 40% (right after President Obama had cut it by 52%). Republicans the party of fiscal responsibility? Don't make me laugh. Every time they're in office they try to give away the store to their corporate masters.

Well that was rather quite correct. Well done.

The democrats will be given every opportunity between now and expiration to make all the tax cuts permanent.  Notice also that the first thing democrats tried to do in the House was to cut taxes on the rich by rolling back nationwide caps on state and local taxes and mortgage interest deduction. Even though only 6% of richer Americans are affected by those limitations.