The Same Old Lie: "It's A Tax Cut For The Rich"

3) "All the tax cuts go to the rich."

This is a lie that's been featured in mainstream publications like the New York Times and the Washington Post. The idea that the top 1 percent will benefit the most from the Republican tax bill is often the go-to talking point that Democrats and liberals like to trumpet when tax reform is even discussed. But, in the case of this particular bill, it's inaccurate.

According to the Tax Policy Center and analyzed by Brian Riedl of the Manhattan Institute, the share of all combined federal taxes paid by the wealthy will actually increase, not decrease. The top 1 percent, at this time, pays for 27 percent of all federal taxes, but only gets 21 percent of the tax cuts. Meanwhile, the bottom 80 percent pays for a third (33 percent) of all combined federal taxes, but gets 35 percent of the tax cuts.

This law, it turns out, actually shifts a greater portion of the tax bill onto the wealthy.

Washington Free Beacon