The Hill: McConnell 'misspoke' on claim that no one in middle class would get tax increase
Senate Majority Leader Mitch McConnell (R-Ky.) is walking back his claim that no middle class Americans will see a tax increase under the Senate GOP plan.
"I misspoke on that. You can't guarantee that absolutely no one sees a tax increase," McConnell told The New York Times on Friday.
McConnell added that "what we are doing is targeting levels of income and looking at the average in those levels and the average will be tax relief for the average taxpayer in each of those segments."
Democrats immediately seized on McConnell's walk-back, accusing the Kentucky Republican of lying about the Senate GOP tax plan.
Read more ....
Update #1: McConnell to NYT: I 'misspoke' on tax increase for middle class in Senate plan (CNN)
Update #2: Paul Ryan and Mitch McConnell are walking back a big promise about the GOP tax plan (Business Insider)
WNU Editor: The economy is booming. Unemployment around 4%. Real wages rising. Inflation in check. Business investment increasing. GDP at 3%. With numbers like this the party in power would win any election in a massive landslide. Unfortunately .... all of this is predicated on the expectation that some restraint on the federal budget will be imposed, and it will be imposed by the Republicans who are in power. Not surprising .... the Republican leadership and many of its members have an opinion that is different from those who elected them. Golden rule of politics .... when you govern against your base, your base will not go out and vote for you. The Republicans have made the decision that they will not respect what their supporters want, and this is going to cost them in 2018.
