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Fact-check: Did 2017 Republican tax bill mostly benefit the top 1%?


Statement: The Republican tax bill passed in 2017 gave 83% of the benefits to the top 1%.
House Speaker Nancy Pelosi, D-Calif., recently revived a longstanding Democratic criticism of the tax bill signed in 2017 by former President Donald Trump.
In a Sunday interview on ABC’s This Week, host George Stephanopoulos pressed Pelosi on a possible future infrastructure bill. Pelosi said she wanted to be fiscally sound in assembling such a bill, and drew a contrast with the Republican tax bill of 2017.
An infrastructure bill, she said, would be job-creating, which creates revenue that comes back to the Treasury, unlike what the (Republicans) did with their tax scam in 2017, which gave 83% of the benefits to the top 1% percent and indebted our children to the tune of nearly $1.9 trillion. . So they should be the last people to be talking about what is too expensive for the American people as we meet their needs. ....

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President Biden Signs $1.9 Trillion COVID-19 Relief Bill


Biden, Harris, Democrats Celebrate $1.9 Trillion American Rescue Plan: Help Has Arrived
By
Austin Landis
,
Rachel Tillman
,
Spectrum News Staff
and
Ryan Chatelain
Nationwide
UPDATED 3:02 PM ET Mar. 12, 2021
PUBLISHED 2:11 PM ET Mar. 10, 2021
PUBLISHED 2:11 PM EST Mar. 10, 2021
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President Joe Biden held the first Rose Garden ceremony of his presidency on Friday, celebrating his signing of the $1.9 trillion American Rescue Plan on Thursday, which will bring much-needed relief to millions of Americans as soon as this weekend.
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Illinois' sobering 'sin taxes' are among the nation's highest this New Year's


Illinois’ sobering ‘sin taxes’ are among the nation’s highest this New Year’s
Illinois’ sobering ‘sin taxes’ are among the nation’s highest this New Year’s
Excise taxes have failed to improve Illinoisans’ health while creating an undue burden for those with the least. But lawmakers have yet to kick the habit.
Many New Year’s resolutions may include kicking bad habits, but even when the government tries to curb smoking, drinking and caloric intake by imposing one of the heaviest tax burdens it’s still a matter of personal choice.
If Illinoisans’ celebratory excess this holiday season is to be followed by resolution to be better next year, maybe politicians, too, need to end the bender and cut back their penchant for excise taxes. ....

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