Public support continues to sink for the tax bill championed by Congresswoman Mimi Walters (R-Irvine) as wages stagnate and the debt created by the bill keeps ballooning.
In a June Politico/Morning Consult poll, support for the tax bill has dropped to just 37 percent of registered voters, dropping seven points from a similar poll taken in April. “Even among Republicans, support for the law dropped to 70 percent, from 80 percent in April,” says Politico.
Barely 1 in 3 voters support the bill, but even fewer noticed increases in their paychecks. A paltry 25 percent of voters claim to have seen an increase in their paychecks, while a majority of voters (52 percent) haven’t seen any increase.
Even conservative scholars admit wages are not increasing like Republicans promised they would. Aparna Mathur, a resident scholar in economic policy studies at the conservative American Enterprise Institute, told the Washington Post, “Yes, we are at full employment, but we are still seeing wage stagnation.”
That’s not at all what Walters promised when she boasted on the day the tax bill passed the House of Representatives. “Today, the House passed a historic tax reform package that will allow hard-working Americans to keep more of their paychecks, create jobs, and increase wages,” Walters claimed.
While wages aren’t growing, the Walters-backed tax bill is causing enormous growth in the national debt. Former Senator Ted Kaufman explains:
Despite the original Congressional Budget Office projection that the tax cut bill would increase the federal budget deficit by $1.5 trillion over the next 10 years, President Trump and his team insisted that the cuts would generate so much growth they would pay for themselves. As laughable as that was six months ago, it is even more so today.
The CBO has already increased its budget deficit projection to $1.9 trillion, and it has been my experience that when deficit projections start going up they get even worse over time.
In addition to stagnant wages and ballooning debt, Walters voted for provisions that actually increase taxes on her own constituents. Orange County homeowners can look forward to up to $4,500 in more taxes this year, while Californians as a whole will pay an additional $12 billion in taxes.
One of Walters’ Republican colleagues from California said, “I didn’t come to Washington to raise taxes on my constituents and I do not plan to start today.”
Walters, on the other hand, regularly brags about her role in bringing about bringing tax hikes to her constituents.