Washington Post Fact Checker Targets McCaskill's Tax Reform Remarks

Posted: Jan 13, 2018 12:15 PM
Washington Post Fact Checker Targets McCaskill's Tax Reform Remarks

Democrats have let us know they are not impressed with the good news to come out of the GOP tax reform plan, fully engaged in downplaying at its finest.

Major companies have rewarded employees bonuses and salary increases in the aftermath of the Republican tax plan, yet Democratic leaders like House Minority Leader Nancy Pelosi dismissed the benefits as mere "crumbs" compared to the supposed joy ride corporate America is getting.

Other Democrats decided not to cheer the news that Wal-Mart was raising pay and giving out bonuses, instead calling it a "PR stunt."

The Washington Post is at least not letting McCaskill get away with her own farfetched interpretation of the bill.

“It’s a debt-inducing, make-rich-people-richer tax bill that in the long run is not going to be helpful to the vast majority of people in my state that are sitting around the kitchen table trying to figure out how [to] come out even at the end of the month," the senator said of tax reform.

The WaPo zoomed in on how McCaskill used the phrase "in the long run" in her criticism. That's because the current tax cuts are set to expire. 

Yet, "she’s telling only half the story." In the short term, many of her own constituents will benefit.

A study from the Institute on Taxation and Economic Policy shows that while a third of taxpayers will experience tax increases in 2027, the vast majority will get some kind of tax cut in Missouri in 2019.

With the senator's comments set in context with those statistics, McCaskill earned Two Pinocchios.

Sen. Ted Cruz (R-TX) has introduced a bill to make the tax cuts permanent. He invited the Democrats to join him.