The Insider reports:
Sen. Chuck Grassley of Iowa said on Friday that the economy regained 850,000 jobs due to the 2017 Republican tax law. Grassley is a key Republican and is ranking member on the Senate Judiciary Committee.
He played a major role in pushing through the 2017 tax law, which slashed the corporate tax rate to 21% from 35% and instituted temporary income tax reductions for individuals to expire four years later. It cleared Congress without Democratic support.
Most Americans did receive a tax cut in that law, but the biggest benefits flowed to the wealthy and to large firms. The law added $2 trillion to the federal deficit and it did not pay for itself, as many Republicans claimed at the time.
Read the full article.
US adds 850000 new jobs in June The pre pandemic best economy in 50 yrs started by Trump tax cut is roaring back after a virus interlude
— ChuckGrassley (@ChuckGrassley) July 2, 2021
This is a vile take Senator after 620,000 Americans died from a pandemic your party refused to help stop. It wasn’t an “interlude,” it was hell, and for many people it still is. #Retire
— David Badash (@davidbadash) July 2, 2021
— SJI2783🐝 (@Meidas_Sammi) July 2, 2021