With the GOP tax bill vote in the bag, the bill says it plans to cut the corporate tax rate to 21 percent from 35 percent, and Sen. Bernie Sanders (I-VT) went on “Face the Nation” to make it clear that kind of tax cut-rate would not be seen if the Democrats took control of Congress, reports The Independent Journal Review.
Speaking with “Face the Nation,” Sanders was asked if the tax rate on employers would go up if Democrats could have it their way.
“I think we’re going to take a very hard look at this entire tax bill and make it a tax bill that works for the middle class and working families,” Sanders responded.
When Sanders was pressed for an answer he admitted that the tax rate would have to go up for companies to make the Democratic tax bill work.
“Absolutely, yes. In my view, absolutely,” he said.
CNN reported the Dow Jones jumped more than 200 points when it was announced the corporate tax rate was dropping down to 21 percent. It eventually reached 24,850, which is a record for the Dow.
Democrats and the liberal news media alike have been accusing the GOP of using this new tax bill to only help the rich.
Sen. Dianne Feinstein (D-CA) tried to criticize the tax bill by pointing out it “caps the mortgage interest deduction at $750,000 for new mortgages,” to which many then pointed out that it would only hurt people who are wealthier than most middle-class families.
It looks like Democrats and the supporters who shout their praises so much need to take a closer look at their tax plan and figure out if it really would end up helping middle-class and poor families.