Stuart Varney says the media is playing their same old game, calling Trump’s tax plan a ‘giveaway to the rich’ when it’s nothing of the sort.
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Varney explains that everyone who pays federal taxes is getting a tax CUT, with the biggest tax cut going to the middle class.
Let’s get it straight: Every single person in America who pays federal income tax will get a tax cut. The biggest cut in tax rates goes to the middle class. For example, there’s a 15% maximum tax rate on small businesses. That’s down from 39%. That’s a middle class tax cut that is huge and affects tens of millions of Americans.
Rich people, by contrast, they get a cut from 39% to 35%, hardly the same kind of cut that’s for the middle income people.
This is a very tired response to the idea of cutting taxes, that it’s a giveaway to the rich.
Varney goes on to explain how he’s noticing that it’s not just editorials that are pushing this nonsense, but that it’s now bleeding over into the normal news pages.
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