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Hondo's tax cut source
RaceBannon
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https://foxnews.com/politics/heritage-foundation-bewildered-by-biden-claim-about-trump-tax-cuts
Joe Biden
The conservative Heritage Foundation reacted with bewilderment on Wednesday after Joe Biden claimed that the think tank had condemned the 2017 Trump-GOP tax cuts, saying the former vice president's claim had no basis in reality.
After Biden walked back his comment and instead said the Heritage Foundation has generally sounded the alarm about the national debt, the think tank again called out Biden for falsely implying that its analysts had said repealing the tax cuts would solve the debt crisis.
The back-and-forth episode, a sort of "Biden claim whack-a-mole," came as verbal gaffes have continued to rock the candidate's campaign, prompting a top aide to call the blunders "a part of his charm."
Speaking at a town hall in Spartanburg, S.C., on Wednesday, Biden remarked, "Even the Heritage Foundation has pointed out that his tax cut did not work."
Adam Michel, a senior policy analyst at the Heritage Foundation and an informal adviser to the White House on the tax law, told Fox News that Biden's comments were perplexing.
“I have no idea what he’s referring to," Michel said. “It’s clear that the tax cuts have worked and have benefited Americans across the county ... and will continue to benefit them over time.”
Michel added that Biden's remarks were "clearly incorrect," and that "our work has continually shown the tax cuts are working.”
As recently as June, Michel was defending the tax cuts, which slashed the corporate and marginal tax rates, against Democratic presidential candidates' calls for repeal.
"Repealing the 2017 tax cuts would not just hurt the wealthy and corporations," Michel wrote. "It would also leave middle-class Americans tens of thousands of dollars poorer."
In a statement, the Heritage Foundation said the Tax Cuts and Jobs Act "has been one of the strongest and boldest reforms of President Donald Trump’s first term in office."
Michel added: “The evidence is clear that all Americans are benefiting from the tax cuts. Following the reform, Americans across the country had bigger paychecks and businesses increased investment, wages, and jobs. Average wage growth has been above 3 percent for the last 11 straight months and the lowest wage earners are benefiting from some of the largest wage gains.”
Vote for Joe and Higher Taxes!
Joe Biden
The conservative Heritage Foundation reacted with bewilderment on Wednesday after Joe Biden claimed that the think tank had condemned the 2017 Trump-GOP tax cuts, saying the former vice president's claim had no basis in reality.
After Biden walked back his comment and instead said the Heritage Foundation has generally sounded the alarm about the national debt, the think tank again called out Biden for falsely implying that its analysts had said repealing the tax cuts would solve the debt crisis.
The back-and-forth episode, a sort of "Biden claim whack-a-mole," came as verbal gaffes have continued to rock the candidate's campaign, prompting a top aide to call the blunders "a part of his charm."
Speaking at a town hall in Spartanburg, S.C., on Wednesday, Biden remarked, "Even the Heritage Foundation has pointed out that his tax cut did not work."
Adam Michel, a senior policy analyst at the Heritage Foundation and an informal adviser to the White House on the tax law, told Fox News that Biden's comments were perplexing.
“I have no idea what he’s referring to," Michel said. “It’s clear that the tax cuts have worked and have benefited Americans across the county ... and will continue to benefit them over time.”
Michel added that Biden's remarks were "clearly incorrect," and that "our work has continually shown the tax cuts are working.”
As recently as June, Michel was defending the tax cuts, which slashed the corporate and marginal tax rates, against Democratic presidential candidates' calls for repeal.
"Repealing the 2017 tax cuts would not just hurt the wealthy and corporations," Michel wrote. "It would also leave middle-class Americans tens of thousands of dollars poorer."
In a statement, the Heritage Foundation said the Tax Cuts and Jobs Act "has been one of the strongest and boldest reforms of President Donald Trump’s first term in office."
Michel added: “The evidence is clear that all Americans are benefiting from the tax cuts. Following the reform, Americans across the country had bigger paychecks and businesses increased investment, wages, and jobs. Average wage growth has been above 3 percent for the last 11 straight months and the lowest wage earners are benefiting from some of the largest wage gains.”
Vote for Joe and Higher Taxes!
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