Fox News co-host Dana Perino has warned that the GOP needs to spend more time touting the benefits of the historic tax reform bill President Donald Trump signed into law in late 2017, lest all of the bill’s benefits be completely forgotten by the American public at large.
“The way you hear them frame it — and I think the Republicans better pay attention to this — it’s that the tax cut was for the rich,” she said, adding that the evidence kind of backs them up.
“It absolutely helped the rich. Look at the stock market. Look at what the companies did: they bought stock back, they didn’t reinvest. You have billionaires that are wealthier, you have wages that have only gone up 2%,” she continued before cut off by co-host Greg Gutfeld.
“Knock it off, Dana!” he screamed in jest.
“I’m just telling you,” she continued. “If you read Mary Anne Marsh, she’s often seen on Fox News, she writes a piece this week that I think they have a way to make an economic argument against President Trump, and the Republicans better pay attention.”
Marsh is a Democrat Party strategist. On Monday she published a column in which she slammed the president for alleging “help[ing] the few while hurting everyone else.”
“He jeopardizes our economy with tax cuts for the one percent that has exploded the deficit to over $779 billion, coupled with a spending spree, in just two years,” she wrote of the tax cuts.
— Mary Anne Marsh (@maryannemarsh) January 21, 2019
It’s unclear how her complaints prove anything, especially since they contradict the results of a study published last year by Boston University economist Laurence Kotlikoff, University of California-Berkeley professor Alan J. Auerbach and Darryl R. Koehler of the Fiscal Analysis Center for the Goodman Institute for Public Policy Research.
“According to [their] study, the lifetime benefits of the tax cuts would be worth more than $20,000 for an average-age household earning the national average income even if there were no economic growth. That rises to between $60,000 and $70,000 given Kotlikoff’s and colleagues’ forecast for economic growth,” the Franklin Center for Government and Public Integrity reported last summer.
“More specifically, among people in their 20s, 52 percent of the benefits of tax reform will go to the broad middle class. Among people in their 40s, 42.8 percent of the benefits will go to the middle class.”
Study: Everyone gains from 2017 Trump-Republican tax cuts, not just the wealthy https://t.co/hi6dWdhn0h
— Watchdog.org (@Watchdogorg) August 23, 2018
Were you unaware of this study? If not, it’s because of the GOP’s continued failure to defend the president’s tax reform bill. That was Perino’s point Tuesday, and it’s a valid one.
Prior to the midterm elections last year in which Republicans got demolished in the House, they said practically nothing about the president’s tax cuts.
As the leftist media reported before the elections, “Republicans don’t want to talk about their tax bill.” Why? That remains unclear. Was it that they bought the left’s arguments, or was it that they were too lazy and apathetic to stop acting like feckless wimps?
It doesn’t help that Trump isn’t just battling the Democrat Party but the leftist media as well. Take note for instance how Mediaite portrayed Perino’s comments: “Fox News’ Dana Perino Makes Case Against Trump Economy: Tax Cut Was ‘For the Rich.'”
That’s not what she said. As seen in the video up top, she warned that Democrats are arguing that “the tax cut was for the rich” and that the GOP must do something to retake control of the discussion.
But because so many members of the public — or at least the left-wing members of the public — believe every word the media say, of course they bought this narrative hook, line and sinker.
Now that’s a real news flash! Color me shocked that Fox would actually tell the truth about Trump!
— Steve Vickman (@s_vickman) January 22, 2019
Is she going to be fired?
— Donnie Belk (@texasguy37) January 22, 2019
It’s why Republicans barely tried to sell them in 2018.
— Agent1220 (@agent1220) January 22, 2019
Duh…who turned her light on? I guess when you’re PAID to lie, you just do what you’re told. It would have been better if you had said this in Dec 2017.
— LearningToMoveOn? (@daily_brenda) January 22, 2019
See now why messaging is so critical? It’s just too bad Republicans seemingly have no interest in it.
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