It’s a tax cut for everybody. There’s a lot of misinformation out there, a lot of confusion — and more or less, a lot of hits from the left. But it’s a tax cut for everybody.
If you look underneath the rate, more of your income is taxed at a lower rate, and so according to the Joint Committee on Taxation — which is the official scorekeeper of these things — every single person, every rate payer, every bracket person gets a rate cut.Paul Ryan, Speaker of the United States House of Representatives
Interview on the Rush Limbaugh Show onRetracted by Spokesman AshLee Strong on Nov 8, 2017
- Every American Would Receive a Tax Cut Under the GOP Plan
Most would, though about 8% would see an increase of more than $100 immediately. Furthermore, lower-income taxpayers would see their cuts turn to increases within a few years.
Paul Ryan has made this claim at least 2 times, from 2017-11-07 thru 2017-11-07.
Even if one assumes that all of the tax provisions remain in place — a big assumption — millions of Americans will still see a tax hike, even if the average person in their income range might receive a tax cut.