'There You Have It': McConnell Says He 'Misspoke' When He Promised No Tax Hike on Middle Class

In more plain language - he lied - therefore, the entire 'campaign' is a lie.

Both House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell claimed that their respective tax plans would lead to a tax cut for every middle-class family.

Independent analyses have cast doubt on those assertions.

Both have now said they misspoke when saying every family would get a cut.

www.businessinsider.com...

Following the release of a slew of analyses showing that the GOP tax plan would raise taxes on many middle class families—despite repeated promises to the contrary by the Trump administration and Republican lawmakers—Senate Majority Leader Mitch McConnell (R-Ky.) conceded in an interview with the New York Times Friday that he "misspoke" when he declared last week that "nobody in the middle class is going to get a tax increase."

Not only that - but it will RAISE the Debt by 1.something TRILLION dollars (that includes the DRACONIAN cuts to public services) over ten years.

Here's his rationalization - excuse -

"I misspoke on that," McConnell told Times reporter Sheryl Gay Stolberg‏. "You can't guarantee that absolutely no one sees a tax increase, but what we are doing is targeting levels of income and looking at the average in those levels and the average will be tax relief for the average taxpayer in each of those segments."

Kudos to McConnell for actually stating a closer approximation of the truth of this "tax reform blii".

www.commondreams.org...

How many pages thick is that 'tax relief' bill?

Lawyers wrote it so taxpayers won't understand it.

When was the last time taxes went down?

a reply to: FyreByrd



Just another trump administration, smoke screen. The ones this "tax relief" bill ultimately benefits, is the wealthy. Exactly what I would expect of it. So I now wonder since trump is the POTUS, if he will release his taxes, of the year in office? I would think, we should have the right to know, what the POTUS is making across the board, while in office.

McConnell Is a complete jackass. I wish he and Boehner had retired together. Nothing good will get done when people like him are mucking up the works.

a reply to: Metallicus

Couldnt agree more. McConnell, is about as useful as his counterpart on the "other-side." Pelosi

The Ralph Nader radio hour is talking about the "Tax Plan" today. November 11, 2017. You can hear it if you wish starting latter in the day at his website or at KPFK.org.

They cant cut taxes on the people and the business elite at the same time as Trump wants.

They have to scam that and that is what their doing. This tax cut is primarily for the upper business class

McConnell, Ryan, McCain, Graham and other rinos of their ilk are in no way interested in what's best for the citizenry of the country.

That being said, the tax code is too complex, with too many loopholes for the wealthy. Many if the statistics, and numbers are misleading. The only thing that matters is "effective tax rate". The total percentage of real income that you pay in taxes.

The only way to get a fair system in place, is to uncomplicate the current tax code. Adjustments may be needed from there.

a reply to: FyreByrd

Miss-spoke my ass. I looked at a list of deductions that will disappear and I will be loosing about five or six. I make less than fifty grand a year and this will cost me at least a thousand in lost deductions. For some it will mean a new yacht.

Fill out your taxes on a single sheet of paper. Bollox

a reply to: kurthall

The top 1% ($430K per year) paid 40% of the taxes
The bottom 50% ($33K per year) paid 3% of taxes.

Who the ^$%# is any tax plan going to favor?

*FTR and before I'm accused of being a shill to the rich or some such drivel, my income is around $50K a year tax free so I don't have a dog in this fight. It just gets old hearing the "they haves it, we's wants it" routine about everything and anything in this country.

If you don't pay INCOME taxes or pay little INCOME taxes a reduction in INCOME taxes will not work in your favor. The more you pay into the system the more a reduction will work in your favor.


If you pay nothing and receive a $5K-$9k check every income tax season - this tax bill will not be your friend.
If you pay $1.8-$3.4 million in taxes every year and do not get a return - this tax bill will be your friend.

The rest of us will fall into varying degrees of friendship with ANY tax bill passed by Congress (increase or decrease).

I just posted that corporate profits a extremely high historically, so why would there be any need for a tax cut?

It's being done to enslave the American people and make America an aristocracy.

Are you sure that he wasn't just speaking in big city terms or in #alternativefacts?

It's funny how people pretend to be surprised. It's what many folks wanted, clearly, they voted for this garbage.

I am having a hard time beleiving that trump and the saintly republicans would do such a thing to america, there the saviours, taking america out of the darkness of emperor obama evil regime.

there was even a thread on ats not too lng ago telling us how great this new tax plan would be for the middle class, does that mean that we have been lied too? 😂

Actually the tax plan seems pretty good tome. Itlowers my taxes from 28 to25 percent. And you still get to deduct charitable contributions, mortgage interest, property taxes, and retirement savings. I think honestly many have noy looked at it. Really only two states that taxes may increase. But thats because their state taxes are to high seems to me that is what people should complain about why do people in california and new york give their states so much money?

a reply to: dragonridr

And you still get to deduct charitable contributions, mortgage interest, property taxes, and retirement savings

The Senate seems to disagree with you regarding property taxes.

28%? Really? I have not been convinced that I will see a substantial, if any, reduction in my federal taxes.

You don't care about the deficit, or are you buying that "trickle down" crap?

originally posted by: Phage
a reply to: dragonridr

And you still get to deduct charitable contributions, mortgage interest, property taxes, and retirement savings

The Senate seems to disagree with you regarding property taxes.

You don't care about the deficit, or are you buying that "trickle down" crap?

Senate plan isnt out yet so fail. As far as trickle down dont care if it lowers my taxes which the house plan does save me about 4 grand a year.

www.thebalance.com...

a reply to: dragonridr

Senate plan isnt out yet so fail.

Your source (did you even read it?):

On November 9, 2017, the Senate Finance Committee released its version of the Tax Cuts and Jobs Act.

As far as trickle down dont care if it lowers my taxes which the house plan does save me about 4 grand a year.

I don't see in your source how you would be recieving a 28% reduction in your taxes. That's quite remarkable, even the highest earners won't do that well and they will do better than anyone. But about that deficit thing (your source, again).

The same day, the Senate Finance Committee released its plan. It must fulfill two requirements to pass the Senate with a 51-vote majority. First, it can't add more than $1.5 trillion to the debt in the first 10 years. Second, it cannot add anything to the debt after the first 10 years. The current version already violates that.

a reply to: Phage

No lowers my taxes from 28 to 25 percent thats a 3 percent decrease apparently your bad at math. This may be why you dont understand taxes. Aalsoeans i canfire my accountant.

a reply to: dragonridr

Or maybe you don't write so well. You should have said tax rate, not taxes.

Itlowers my taxes from 28 to25 percent.

Your tax bracket would change. Mine would not.

originally posted by: Phage
a reply to: dragonridr

Or maybe you don't write so well. You should have said tax rate, not taxes.

Itlowers my taxes from 28 to25 percent.

Though doubling personal deductions and still giving us deductions is a win win for most people.