White House economic adviser Brian Deese said that the proposal would only impact three-tenths of 1 percent of taxpayers, or about 500,000 households.
Ronna McDaniel, chair of the Republican National Committee, has repeatedly claimed that Joe Biden intends to raise taxes on "82 percent of Americans." Nonpartisan tax groups disagree.
Fox News guest and bow-tie economist Peter Morici criticized Senator Elizabeth Warren's tax plan Monday morning, claiming that people with $50 million in assets are not wealthy and shouldn't be taxed.
Fiscal conservatives and Democrats alike ridiculed GOP congressional members and President Trump's tax cuts after federal spending hit a $3.7 trillion record and the budget deficit climbed to $867 billion so far this fiscal year.
"The amount is just jaw-dropping," said Michel Nilsen, vice president of communications and public policy at the Association of Fundraising Professionals. "Giving was hurt."
"At what point is it immoral that we're building Jeff Bezos a helipad when we have the most amount of homeless people in New York City?" Ocasio-Cortez said during an appearance on Showtime's new late-night series 'Desus and Mero.'
Companies largely spent their savings on stock buybacks, benefiting shareholders instead of boosting wages.
Scott Walker went after Alexandria Ocasio-Cortez on Twitter, which isn't always very smart.
"She wants people taxed as high as 89, 90 percent if you make 10 million dollars or more," Fox News co-host Brian Kilmeade falsely said of Ocasio-Cortez's tax plan.
After instituting a $1.5 trillion tax cut, the Senate majority leader said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs.
In December, President Donald Trump promised an extra $4,000 pay increase for Americans. Eight months later, that doesn't seem likely.
Warren Buffett will make billions off of President Trump's tax plan.
Forget the War on Christmas, Mitch McConnell has a new battle on his hands.
The promises from the the likes of AT&T, Wells Fargo and Boeing followed Congress passing a $1.5 trillion tax cut.
The Vermont senator tells Trump to "keep your promise" not to slash entitlements, which he warns the GOP will gut next.
House Republicans will need to vote on their House Bill one more time.
Democrats voted unanimously against the $1.5 trillion GOP tax plan, which passed by a vote of 227-203.
Majority Leader Mitch McConnell has different rules for Republicans and Democrats when it comes to passing legislation.
It's all because of the repeal of the individual mandate in Obamacare.
Republicans have finalized their tax plan, and things are looking good for the 1 percent.
Republican members of Congress are gunning to limit taxpayers' ability to write off losses from wildfires and other natural disasters.
A long-awaited analysis admits infrastructure and welfare programs will have to be reformed to pay for the Republican tax bill.
The Republican tax plan will likely hit college students with new and significant financial burdens, but two key demographics will benefit from the new bill—the dead and severely disabled.
America's fiscal strength is inextricably linked to its military power, and the Senate tax bill, which passed at two in the morning on Saturday, will diminish the United States' fiscal stability by adding between $1 trillion and $1.4 trillion to the Federal debt over the next decade, according to the non-partisan Coalition for Fiscal and National Security.
The Florida senator says that increased deficit spending will require cuts to entitlements.
The Republican tax reform fails President Donald Trump's "America First" promise.
The Republican tax plan is likely to pass the Senate this month, and Wall Street types are already getting on the phone with their real estate agents.
House Republicans were able to pass their tax bill with no votes from Democrats and 13 dissenters on their own team, but the bill faces an uncertain future in Senate.