Tax day marked on April 2019 monthly calendar with 1040 form
On Tax Day this Monday, let’s look back at the predictions that were made when President Donald Trump signed the Tax Cuts and Jobs Act around Christmas 2017.
Then-House Minority Leader Nancy Pelosi infamously predicted “Armageddon” for America. Former Clinton Treasury Secretary Larry Summers described pro-growth forecasts as “tooth fairies” and predicted a long recession. He was joined by increasingly incogitable New York Times columnist Paul Krugman, who guaranteed a “global recession, with no end in sight.”
They were dead wrong.
But the false claims haven’t abated. The Washington Post gave now-Speaker Pelosi a withering “two pinocchios” for falsely claiming that 86 million middle-class families will see a tax increase. Senator Chuck Schumer earned a “mostly false” rating for claiming companies were laying off workers due to tax reform. And the paper slammed Democratic presidential candidate Sen. Kamala Harris as “misleading” and “nonsensical” for her claim of a middle-class tax hike because average tax refunds were slightly down as tax filing season began.
Unfortunately, the liberals’ deception campaign may be working.