Do you support the GOP tax plan?
via AP

Do you support the GOP tax plan?

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The GOP tax plan has been met with harsh criticism and has support from only 29 percent of Americans, according to CNBC. Opponents argue the tax plan gives a massive tax cut to the rich at the expense of the middle class, education and health care. But Republicans argue their plan actually benefits the middle class by boosting economic growth and making America more globally competitive. What do you think? 💵 

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The GOP tax plan has been criticized by many as being nothing more than a huge tax cut for the rich at the expense of middle class Americans. In addition to increasing the deficit by $1.4 trillion, the Senate tax bill would force state and local governments to limit spending on "health care, education, public transportation and social services" and seriously hurt people living in high-tax states like California and New York.

The tax plan has been marketed by President Trump and Republican leaders as a straightforward if enormous rebate for the masses, a $1.5 trillion package of cuts to spur hiring and economic growth. But as the bill has been rushed through Congress with scant debate, its far broader ramifications have come into focus, revealing a catchall legislative creation that could reshape major areas of American life, from education to health care.

Defenders of the tax plan argue its critics are not being completely honest about what's in the bill. Brian Riedl of the National Review states that while the legislation isn't perfect, the plan does accomplish the things Republicans have been promising, and does not raise taxes on the middle class as Democrats claim.

Even before the tax bills were drafted as legislation, Senate Democrat cries of “middle-class tax hikes” earned a brutal “four pinocchio” condemnation from the Washington Post fact-checker... A Tax Policy Center analysis of the Senate bill reveals that three-quarters of all families would get a tax cut. Just 12 percent would see a tax increase — and they are concentrated among the rich. The average middle-income family would receive a tax cut of approximately $850 per year through 2025.
The tax-reform bills are far from perfect. But many critics are blatantly misrepresenting them.

Still, as Matthew Yglesias writes in Vox, "if the GOP tax plan is so good [why] do its authors keep lying about what the bill does?" Yglesias argues if Republicans were really concerned about the middle class, they would just give them a tax cut directly. Why include tax cuts for the ultra-rich at all? 

It’s obvious that if you cut a tax that’s only paid by married couples who’ve amassed at least $11 million that you are helping rich people. It’s obvious that if you enact a special discount tax rate for people who own LLCs then you are helping Donald Trump, who owns a ton of them. And it’s obvious that if part of your plan is permanent and part of it is temporary, and the part you made temporary is the part that helps the middle class, then helping the middle class wasn’t your priority.

But economists are divided as to whether the GOP tax plan will help the economy. In a letter to Congress, 100 economists urged members to support the tax bill, arguing it would accelerate economic growth and make America more competitive in the global market.

Economic growth will accelerate if the Tax Cuts and Jobs Act passes, leading to more jobs, higher wages, and a better standard of living for the American people. If, however, the bill fails, the United States risks continued economic underperformance. In today’s globalized economy, capital is mobile in its pursuit of lower tax jurisdictions. Yet, in that worldwide race for job-creating investment, America is not economically competitive.
The enactment of a comprehensive overhaul—complete with a lower corporate tax rate—will ignite our economy with levels of growth not seen in generations.

Many still argue the GOP tax plan will hurt the middle class.

And explode the deficit.

But President Trump argues anyone who opposes the plan doesn't "understand it."

And Republicans in Congress are still loudly in favor of their tax plan.

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