An ad claims a tax cut for Social Security recipients, but not all beneficiaries qualify. The proposed bill mainly targets those 65+, raising questions about its broad impact and misleading claims. Byrd rule involved.
Analyses project the spending bill, featuring tax cuts, will significantly increase the federal deficit by $3-4 trillion over the next decade, despite claims of $1.6 trillion in savings from spending cuts. The bill's impact remains a moving target.
The potential expiry of Tax Cuts and Jobs Act is analyzed. While a large dollar amount, experts say it wouldn't be the largest rise in history as a GDP percentage. Historical context and alternative metrics are considered. Tax policy changes impact individuals.
Harris did say that at the time, but the Hill reported that her campaign said she wanted to replace the TCJA with “legislation she has proposed that would involve nearly $3 trillion in refundable tax cuts primarily affecting the middle class.”
