Tim Walz thought he had successfully tanked J.D. Vance by popularizing a clearly false hoax.
But an unlikely source caused him to completely miss his target.
And Tim Walz just blew a fuse after the government exposed his huge lie about J.D. Vance.
Trump’s beloved tax cuts are on the line
In 2017, former President Donald Trump had signed the Tax Cuts and Jobs Act which launched a massive economic boom during his administration.
But many of the tax cuts that were signed into law are set to expire in 2025.
The decision on what to do once the Trump tax cuts expire will remain a big issue looming over the Presidential election.
During the Vice Presidential debate hosted by CBS News, Senator J.D. Vance (R-OH) battled Minnesota Democrat Governor Tim Walz.
And during the debate, Walz attempted to make the claim that the Trump tax cuts “predominantly went to the top guys.”
This is on par for the Democrats, considering that they accuse every single tax cut put forward by Republicans of being a tax cut designed for the wealthiest people in America.
“Donald Trump made a promise, and I’ll give you this, he kept it,” Walz began. “He took books to Mar-a-Lago, said: ‘you’re rich as hell, I’m going to give you a tax cut…’ What happened?”
“There was an $8 trillion increase in the national debt, the largest ever. Now he’s proposing a 20% consumption or sales tax on everything we bring in,” he added.
“Everyone agrees, including businesses, it would be destabilizing,” ranted the Democrat Governor. “It would increase inflation and potentially lead to a recession.”
This claim eerily echoes the Democrat’s pre-2016 election claim that Trump would ultimately destroy the economy if he got elected – which ultimately was proven false when the economy boomed during his tenure.
But that isn’t stopping them from attempting the same argument despite that most voters can remember the Trump economy versus the rampant inflation that exists now.
After Walz’s endless claims of the Trump tax cuts being a handout for the rich, the Internal Revenue Service (IRS) released data completely obliterating his argument.
According to a 2020 report from the Senate Finance Committee, the data from the IRS discovered that middle-class Americans enjoyed the “biggest decrease in total tax liability” in the year 2018 – the year Trump’s tax cuts went into effect.
People who earned between $50,000 and $100,000 annually had their tax liability drop twice as much as those who earned $1 million or more.
J.D. Vance exposes Democrats’ dilemma
During his debate with Walz, Senator J.D. Vance dunked on the Democrats for their appalling position that opposes the pro-middle-class tax cuts put forth by Trump.
“Tim admirably admits that they want to undo the Trump tax cuts,” argued Vance in response to Walz’s claim. “But if you look at what was so different about Donald Trump’s tax cuts, even from previous Republican tax cut plans, is that a lot of those resources went to giving more take-home pay to middle-class and working-class Americans.”
Vance noted how the primary issue Vice President Kamala Harris has is her arrogantly bold idea that she can attack Trump on the economy.
“I think you got a tough job here,” Vance started. “Because you’ve got to play whack-a-mole.”
“You’ve got to pretend that Donald Trump didn’t deliver rising take-home pay, which of course he did. You’ve got to pretend that Donald Trump didn’t deliver lower inflation, which of course he did. And then you simultaneously got to defend Kamala Harris’ atrocious economic record, which has made gas, groceries, and housing unaffordable for American citizens,” slammed Vance.
Voters can easily compare Kamala’s economy to Donald Trump’s, and the difference is night and day.
It’s not difficult at all to remember the days while Trump was in office, well before inflation ran off the track, interest rates skyrocketed, and everything became financially out of reach.