Seven Myths About the GOP Tax Reform

MYTH #1: They’re cutting taxes on millionaires while raising them for the middle class and the poor.
FACT: Middle-income Americans are the biggest winners under the tax bill.

MYTH #2: Tax cuts will blow up the budget deficit.
FACT: Budget deficits depend on economic growth, not tax policy.

MYTH #3: Millions will lose health insurance.
FACT: Ending the Individual Mandate does not take insurance away from anyone or make insurance unaffordable.

MYTH #4: Social Security, Medicare, and the social safety-net will get defunded because we cut taxes.
FACT: Tax cuts do not mean any spending falls.

MYTH #5: The bill creates a tax break for private jets.
FACT: The bill simply codifies the existing taxes on jets.

MYTH #6: The bill takes money away from schools and teachers.
FACT: The Senate bill expands the deduction for teachers and increases funding for schools

MYTH #7: The bills will bankrupt graduate students and hurt people with college debt.
FACT: The higher standard deduction makes the student loan deduction irrelevant, and grad students will likely benefit from the change in the way tuition is charged. 

Detailed explanation @ Breitbart