Sen. Bernie Sanders is a socialist. Sen. Bernie Sanders also knows that tax cuts for many hard-working Americans will turn out to be a very good thing for the economy and disposition of the nation.
Therefore, Sen. Bernie Sanders can’t slam the tax cuts, even though he wants to do so very badly. Here’s what happens when all of those elements converge during a CNN interview with Jake Tapper.
“Yeah, it is a very good thing,” Sanders said of the tax cut. “And that’s why we should’ve made the tax cuts for the middle class permanent.” Sanders went onto to say that after ten years, the middle class tax cuts would expire and the vast majority of the benefits will go to the wealthy and corporate interests. Some on social media, like AG Conservative and Stephen Miller, have noted the moving of the goal posts here. Sen. Sanders, the self-described democratic socialist, now thinks that the bill wasn’t good enough. Didn’t he and the rest of the left preach the apocalypse about this tax reform package? That’s rich.
Sanders’s comments come after President Trump signed the GOP-backed tax plan into law on Friday, marking his first major legislative win as president.
Republicans have boasted about the tax cuts Americans would receive initially in the plan. However, Democrats and critics have pointed out those cuts will not last forever, pointing out that all individual tax cuts are due to expire by 2025, while corporate rate cuts were made to be permanent in the plan.
No, Bernie is not turning Republican, but it does show just how difficult fiscally conservative policies are to oppose.
CBS News found three families from different background and economic status who would benefit from President Trump’s tax plan. In North Carolina, the news network found a single working mom making less than $40,000 a year would save $1,300 in taxes.
Even in a high tax state like California, a family making $300,000 a year that has just started a cycling business would save $13,000 a year thanks to the new rates and child tax credits; they have three kids.
.@jaketapper: “Next year, 91% of middle income Americans will receive a tax cut. Isn’t that a good thing?”@BernieSanders: “Yeah, it is a very good thing. And that’s why we should’ve made the tax cuts for the middle class permanent” #CNNSOTU https://t.co/ei8xTHGo1E
— CNN Politics (@CNNPolitics) December 24, 2017