Adding to the stakes of who wins in November, the big issue in 2025 will be the expiration of the Tax Cuts and Jobs Act, aka the Trump tax cuts. A look back at the media’s performance seven years ago, as the tax reform package moved through Congress, shows the liberal media’s raging hostility to lower tax rates — and the wrongheadedness of their predictions that lower rates wouldn’t boost economic prosperity.
The Trump tax cuts lowered the effective tax rate for all income groups, and nearly doubled the standard deduction — simplifying the tax returns of most families and a big tax savings for those in the lowest brackets. Yet news watchers heard journalists regurgitate Democratic talking points about how the measure amounted to “stealing” from ordinary workers to benefit the wealthiest Americans.
“Donald Trump ran for president promising to…
