The Washington Free Beacon released a fast paced video that debunks the idea that only the 1% and corporations benefited from the recent tax cut passed by the Republican majority and signed into law by President Trump. It shows why people don’t trust the mainstream media anymore.
Without commentary, this video lets the mainstream media show just how wrong they were about the largest tax bill since Ronald Reagan.
The new tax law does deliver a massive tax cut for corporations but critics insisted that lower business taxes would not trickle down through higher wages and be a bonanza for the middle class as promised by President Trump.
One small example of how wrong opponents to the tax cut bill is the savings contract workers realized immediately. According to DeDe Jones, a certified public accountant and managing director of Innovative Financial in Colorado, an Uber driver with an annual net income of $40,000 who takes the new 20 percent income deduction and the standard personal deduction will save $960 in federal income taxes compared with an employee with the same income, according to DeDe Jones, a certified public accountant and managing director of Innovative Financial in Colorado.
At last count, 164 major corporations have announced bonuses in the thousands to millions of American workers. Most directly attribute their bonuses to the tax cut.
Watch the video as it compares side by side, what the no-nothing mainstream media said and what actually happened.
