Tax Cut Myths

• “This is Armageddon,” then-House Minority Leady Nancy Pelosi (D-CA) said on the tax cut bill. “It is the end of the world.” Fact check: We’re all still here.  
   
• Senate Minority Leader Chuck Schumer (D-NY) claimed that “what has been sold as a job creator and wage booster will, of course, do little of either.” In the first 3 months of 2018, nominal hourly pay for workers grew at its fastest rate in at least a decade.
   
• Clinton Administration economist Larry Summers boldly proclaimed that about 10,000 people would die every year from tax reform if passed into law.
• FACT: In 2018 90% of Americans will receive a tax cut!