Senator Bernie Sanders (I-VT) admitted in a CNN interview Sunday that President Trump’s tax bill giving a tax cut to the vast majority of middle-class Americans is “a very good thing.” CNN host Jake Tapper asked Sanders if 91% of the middle-class receiving tax cuts is a good thing despite tax cuts for corporations and the wealthy.
“I understand you’re not a fan of the tax bill, you don’t like the large corporate tax cut and you’re not happy with the tax cuts for the wealthy, but according to the Tax Policy Center, next year 91% of middle income Americans will receive a tax cut – isn’t that a good thing?” Tapper asked. “Yeah, it is a very good thing, and that’s why we should have made the tax breaks for the middle class permanent,” Sanders said, adding that most of the benefits would go to the “top 1%” after ten years. “Should we focus on the needs of the middle class? We should have. But the bulk of the benefits in this legislation go to large profitable corporations and to millionaires and billionaires.” Ten years is plenty of time to tweak certain aspects of the Tax Cuts and Jobs Act for middle America’s benefit, according to several lawmakers. Senator Ted Cruz (R-TX) responded to Sanders’ interview on Twitter, offering to team up on legislation to make the middle class tax cuts permanent in January.
“I agree, @BernieSanders — let’s make the middle-class tax cuts permanent. Join me, we’ll co-sponsor legislation (I’ve already got it drafted) that does exactly that, and we’ll get it passed in January!” Cruz tweeted on Wednesday.