VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA


Posted by Adam Sabes on Wednesday, June 26th, 2019, 5:01 PM PERMALINK

Americans for Tax Reform reform has released a video compilation of ten different times that 2020 Democratic presidential candidates have threatened to repeal the Tax Cuts and Jobs Act.

[Click here for video]

  1. May 4, 2019: Joe Biden said, “First thing I’d do is repeal those Trump tax cuts."
  2. May 5, 2019: Kamala Harris said, "On day one, we gonna repeal that tax bill that benefited the top one percent and the biggest corporations in this country.
  3. May 13, 2019: Joe Biden said, “When I’m president, if God Willing I am, we’re going to reverse those Trump tax cuts.”
  4. May 13, 2019: Joe Biden said, "Look, here's the deal. If I'm president, the first thing we're gonna do is we're gonna end Trump's tax cuts."
  5. April 29, 2019: "The first step is reverse President Trump's tax cuts for the very wealthy and corporations."
  6. April 30, 2019: "The first step is reversing the tax cuts."

  7. June 7, 2019: Kamala Harris said, “On day one, we’re going to repeal that tax bill that benefited the top 1% and the biggest corporations in our country."

  8. June 13, 2019, Joe Biden said, “And look, the tax cut he passed, for multimillionaires and billionaires, guess what, when I’m president it’s gone, it’s gone."
  9. June 17, 2019: Joe Biden said, “First thing I would do as president is eliminate the president’s tax cut."
  10. June 22, 2019: Joe Biden said, "And folks, on day one, I will move to eliminate Trump's tax cuts."

The candidate's promise to repeal the tax cuts is a promise to raise taxes. If the tax cuts were repealed:

  • A family of four earning the median income of $73,000 would see a $2,000 tax increase.
  • A single parent (with one child) making $41,000 would see a $1,300 tax increase.
  • Millions of low and middle-income households would be stuck paying the Obamacare individual mandate tax.
  • Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
  • Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
  • The USA would have the highest corporate income tax rate in the developed world.
  • Taxes would rise in every state and every congressional district.
  • The Death Tax would ensnare more families and businesses.
  • The AMT would snap back to hit millions of households.
  • Millions of households would see their child tax credit cut in half.
  • Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.
     

As noted by the New York Times, thanks to the GOP tax cuts, “Most people got a tax cut.” The NYT also stated: “To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.”

All congressional districts in America even received a tax cut as a result of the TCJA, according to a recent Tax Foundation report.

The Washington Post also stated: “Most Americans received a tax cut.”

More examples of the benefits stemming from the tax cuts are shown in a recent H&R Block report, which states, “overall tax liability is down 24.9 percent on average.

See more:

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”

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