DEBATE FACT CHECK: Hyde-Smith Supports McConnell Agenda that Explodes Our Debt, Threatens Medicare and Social Security

Hyde-Smith praised the GOP tax agenda that would give millionaires and special interests another handout — while spiking the deficit, threatening Medicare and Social Security, and ultimately raising taxes on many lower- and middle-income Mississippians. Check the facts for yourself:

HYDE-SMITH HAS REPEATEDLY PRAISED THE GOP TAX BILL AND SAYS SHE WANTS TO TAKE IT EVEN FURTHER

Hyde-Smith Praised The GOP Tax Bill. “The four-month senator has been a vocal supporter of President Donald Trump and spent about 30 minutes Tuesday telling her audience how pleased she is with the direction the president is taking the country. ‘You just look at the things that are
happening in our lifetime that we didn’t really think would ever happen,’ Hyde-Smith said. ‘Look at the tax rollback, the corporate tax that went from 35 percent to 21 percent, and what a difference that has made in our entire country.’” [The Dispatch, 8/8/18]

Hyde-Smith: “The Tax Cuts Have Been Huge For Our State.” “Standing before her campaign tour bus, which features a blown-up selfie of the senator and the president plastered on the side, she praised Trump for bringing prosperity to Mississippi, pointing to the tax cuts the GOP passed this year as a signature achievement of the Trump administration and for the Magnolia state. ‘The tax cuts have been huge for our state,’ she said. ‘The environment that he has created to allow us to prosper, that is what Mississippi needs.’” [ABC News, 11/2/18]

HEADLINE: “On Tax Day, Hyde-Smith Looks To Build On Historic Tax Cut Law.” [Press Release, Sen. Cindy Hyde-Smith, 4/17/18]

THE GOP TAX BILL HAS BLOWN UP OUR COUNTRY’S DEFICIT AND LED TO CALLS FROM GOP LEADERS TO CUT MEDICARE AND SOCIAL SECURITY

The Federal Deficit Jumped To $779 Billion In The Wake Of The GOP Tax Bill. “The US federal budget deficit jumped to $779 billion in fiscal year 2018, the highest level since 2012, according to the Treasury Department. As the GOP tax bill and massive spending agreement took hold, the deficit for fiscal year 2018, which ran from October 2017 through September 2018, was 17% wider than 2017’s and totaled 3.9% of GDP.” [Business Insider, 10/15/18]

Mitch McConnell Is Calling For Cuts To Social Security And Medicare In The Wake Of Republicans’ Deficit-Busting Tax Bill. “After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.” [Newsweek, 10/16/18]

THE GOP TAX BILL HASN’T HELPED EVERYDAY MISSISSIPPIANS – AND IT WILL RAISE TAXES ON MANY LOW- AND MIDDLE-INCOME MISSISSIPPIANS BY 2027

HEADLINE: “Trump’s Tax Cuts Didn’t Benefit U.S. Workers, Made Rich Companies Richer, Analysis Finds.” [Newsweek, 4/10/18]

HEADLINE: “The Republican Tax Bill’s Promises Of Higher Wages And More Jobs Haven’t Materialized.” [Washington Post, 6/14/18]

The GOP Tax Bill Raises Taxes On Low- And Middle-Income Mississippi Residents By 2027. “Final GOP-Trump Tax Bill Gives Larger Tax Cuts To Upper-Income Mississippi Residents in 2019, Raises Taxes on Low- And Middle-Income Residents In 2027” [Institute on Taxation and Economic Policy, 12/16/17]

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