Missouri Rising Action’s new graphic shows that even tax reform’s huge impacts are dwarfed by the taxpayer-funded government subsidies Senator Claire McCaskill’s family have received over the years.A CNBC analysis of the law shows that the overwhelming majority of families will see a reduced tax burden due to the law. Yet, while the new Republican tax reform law is already greatly benefiting families across the country, it can’t compare to the many millions Senator McCaskill’s family has received in government subsidies.
Additionally, Senator McCaskill’s stunning wealth is perhaps the reason it took her so long to comment about the surge of companies awarding their workers bonuses due to tax reform. For days, Senator McCaskill refused to say anything, and only today, under pressure, has she said what should be obvious to all: companies giving bonuses to workers is an unqualified positive:
“’Listen, I think it’s great when companies want to give workers bonuses,’ Sen. Claire McCaskill (D-Mo.) said Tuesday. ‘That doesn’t change the reality of the numbers. It’s a debt-inducing, make-rich-people-richer tax bill that in the long run is not going to be helpful to the vast majority of people in my state that are sitting around the kitchen table trying to figure out how [to] come out even at the end of the month.’”
Yet, even in Senator McCaskill’s quote she betrays how out-of-touch she is. When she made the ludicrously false comment that the Tax Cuts and Jobs Act won’t help people pay their bills, she should have taken into account that a vast majority of middle-class Missouri families will pay lower taxes because of tax reform:
- Annual income of $22,100 to $40,660
- Share with tax cut: 83 percent
- Annual income of $40,660 to $62,99
- Share with tax cut: 90 percent
It’s clear now that Senator McCaskill’s inability to support tax reform stems from her out-of-touch lifestyle. She’s simply unable to see how tax reform was a much-needed boost for families.