In an attempt to defend the Republican tax bill, Fox & Friends hosts purported to debunk “myths” about the proposal, but actually just pushed a number of falsehoods and misleading statements themselves. For the segment, they hosted Rosemary Becchi, a tax attorney and lobbyist who previously worked as the Republican tax counsel on the Senate Finance Committee.
Claimed the plan won’t add $1 trillion to the deficit just one day after congressional committee found that it would. Becchi asserted that it was “completely false” that the bill would add $1 trillion to the deficit. Co-host Brian Kilmeade cited so-called “dynamic scoring” to allege that the bill could “actually reduce the deficit.” But, according to The New York Times, an estimate from Congress’ Joint Committee on Taxation (JCT) found that “the legislation would add $1 trillion to federal budget deficits over a decade, even after accounting for economic growth” through dynamic scoring.
Falsely claimed the plan won’t hike taxes on middle-income people. Becchi also insisted that the tax bill would cut taxes “at all levels. It cuts at the high-income earners, as well as middle- and low-class taxpayers, as well.” But, according to The Washington Post, the JCT estimated that the bill would “give large tax cuts to the rich while raising taxes on American families earning $10,000 to $75,000 over the next decade.” Additionally, The New York Times found that “two-thirds of middle-class households would get a tax increase in 2027, and none — zero percent — would get a tax cut.”
Whitewashed the harm the plan will do to Americans’ health care. Co-host Ainsley Earhardt asked Becchi whether a potential “health care tax hike” under the proposed law will happen, which Becchi dismissed. Becchi correctly noted that the proposal includes a repeal of the Affordable Care Act’s (ACA) individual mandate, which would not lead to a tax hike. But Becchi and the hosts did not explain that as a result of repealing the mandate, as the nonpartisan Congressional Budget Office (CBO) estimated, 13 million more people would lose their insurance and premiums would rise by about 10 percent in the ACA’s individual market.
Admitted that tax cuts will help the rich the most while claiming to be “debunking” the “myth” that tax cuts help the rich most. When asked about the impact the bill would have on the wealthiest Americans, Becchi noted that “these tax cuts will disproportionately help upper-income taxpayers,” but suggested that that was just because “most wealthy Americans pay the most taxes in this country.” This is a drastic understatement; based on the initial framework of the Republican tax bills, the Tax Policy Center found that “about 80 percent of the total benefit would accrue to taxpayers in the top 1 percent, whose after-tax income would increase 8.7 percent.”
From the December 1 edition of Fox News’ Fox & Friends:
BRIAN KILMEADE (CO-HOST): First off, we hear about the deficit, and we hear that it’s going to add $1 trillion dollars to the deficit.
ROSEMARY BECCHI: And that's just completely false. There’s so much in this bill that will generate an economic growth. And that economic growth will put us on a path to fiscal responsibility. So, there’s a lot to be in this bill for everybody.
STEVE DOOCY (CO-HOST): OK, to chew on, and that's why we are looking at it, we just heard from [House Minority Leader] Nancy Pelosi [(D-CA)]. She called it a “scam.” What about the fact that so many Democrats, Rosemary, have said it's going to be a tax hike on the middle class?
BECCHI: And that's just not true. This bill will give benefits to both the low-, middle-, and high-income earners. It provides tax cuts straight across the board.
AINSLEY EARHARDT (CO-HOST): She also said health care tax hike. Is that going to happen?
BECCHI: No. Not at all. What the bill includes is the repeal of the [individual] mandate. And if you recall, the mandate is simply a penalty for not purchasing health care. All it does is eliminate that penalty. That's not a tax.
EARHARDT: So it saves people money if they don't want to do it.
BECCHI: Exactly, exactly.
KILMEADE: Right. And disproportionately it hurts people who make $50,000 and less, because they’re the ones who have to make the decision, do I have to pay the fine on the mandate for health care, or I do actually buy a plan --
KILMEADE: -- which, sadly, the Obamacare plans are not what they promised -- the high premiums, high deductibles. Therefore, these people are in a conundrum. This would help them.
BECCHI: That's absolutely correct.
KILMEADE: Moving on to what I said before about the deficit. It would add $1 trillion to the deficit, if you don't put a -- factor in the fact that the economy is supposed to grow, bringing in additional revenue called dynamic scoring. If you feel as though the economy is going to stay the same, it would blow a hole. But if you’re betting that it’s going to grow, it would actually reduce the deficit.
BECCHI: Right, that’s right. This bill will put more money into the pockets of both Americans, as well as businesses. And people will reinvest that money. And as a result of that reinvestment, we will have economic growth. And economic growth will generate more taxes.
EARHARDT: Now what about the wealthy? Because when the president was running he said I'm going to decrease taxes for everybody. He said in a press conference yesterday or the day before that he -- he said I'm going to pay the penalty. I'm going to pay more in taxes because I'm one of the wealthy.
BECCHI: Right. Most Americans, most wealthy Americans, pay the most taxes in this country.
EARHARDT: That's the way it is now, right?
BECCHI: Exactly. That's the way it is. So, as a result, these tax cuts will disproportionately help upper-income taxpayers. And that's just the reality. But, what this tax bill does, it cuts at all levels. It cuts at the high-income earners, as well as middle- and low-class taxpayers, as well.