SO MUCH WINNING: House Passes Massive Tax Cut, Senate On Brink

SO MUCH WINNING: House Passes Massive Tax Cut, Senate On Brink

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On Tuesday afternoon, The House of Representatives passed the first meaningful tax cut bill in over three decades.

Speaker Paul Ryan announces the House passed the tax bill 227-203. VP Pence was on the House floor. Lots of cheers on GOP side

— Alex Moe (@AlexNBCNews) December 19, 2017

The usual suspects showed up to decry the bill as a tax cut for their two favorite targets, wealthy Americans and businesses.

BREAKING: House passes first rewrite of nation’s tax laws in three decades, providing steep tax cuts for businesses, the wealthy.

— The Associated Press (@AP) December 19, 2017

House Democratic Leader Nancy Pelosi says GOP tax bill “is the worst bill to ever come to the floor of the House”

— Alex Moe (@AlexNBCNews) December 19, 2017

Pelosi’s hyperbolic and misguided statement was immediately challenged.

This bill cuts taxes for 80% of Americans. Other bills have criminalized dissent & mandated the return of escaped human being slaves to their oppressors. But you do you, Nance.

— Guy Benson (@guypbenson) December 19, 2017

As Benson wrote at Townhall on Tuesday morning, before the vote:

Throughout this debate, we’ve shared data-driven analyses from three separate nonpartisan organizations: The Joint Committee on Taxation (JCT), which is an official Congressional scorekeeper, the Tax Foundation (which leans to the right), and the Tax Policy Center or TPC, (which leans to the left). In spite of the deceptive rhetoric flying around social media and the airwaves, all three outfits agreed that the GOP proposal would, on average, reduce the tax burdens of every income group in America. We’ve showcased the TPC findings because that group is typically home to Democrats’ preferred experts. Well, TPC is out with their fresh analysis of the finalized tax bill, and guess what? As we’ve been saying for weeks, it will slash taxes for the vast, vast majority of American taxpayers:

Tax Policy Center: 80% of taxpayers are going to get a tax cut next year under the GOP bill.

5% will see a tax hike of more than $10

— Joseph Lawler (@josephlawler) December 18, 2017

Even the left-leaning Brookings Institution admitted:

The Brookings verdict. 80.4 percent get tax cut. Average cut is $2,140. Only 4.8 percent get tax increase. That doesn’t look like “theft” to me.

— David French (@DavidAFrench) December 19, 2017

As Avik Roy pointed out, the tax cut bill has been open for debate for months.

Anybody who says that policies in this bill haven’t been open for debate has been too busy obsessing over Russian collusion and not following the actual months-long policy debate on taxes.

— Avik Roy (@Avik) December 2, 2017

And now, for the next huge step that will finalize the deal:

Senate just voted 51-48 to proceed to take up the tax cut bill just passed by the House.

— Mark Knoller (@markknoller) December 19, 2017