Kevin Brady: “I include in the Record this fact-check from The Washington Post about this claim we just heard, that 83 percent of the…”

“I include in the Record this fact-check from The Washington Post about this claim we just heard, that 83 percent of the Tax Cuts and Jobs Act went to the top 1 percent. They gave that false statement ``3 Pinocchios,'' calling it a ``zombie claim'' and ``galling.'' PolitiFact agreed, calling it ``misleading.'' [From the Washington Post] The Pinocchio Six: Myths, Lies & Debunked Claims About Taxes 1. False: Biden: ``All of [GOP Tax Cuts] went to folks at the top and corporations that pay no taxes.'' The Washington Post fact check gave this ``4 Pinocchios,'' saying this is ``simply wrong'' and ``clearly false.'' Three of every four dollars in the 2017 tax cuts went to individuals, cutting taxes for the lowest-income Americans by 10% while cutting taxes for the top 1% by less than one-half of 1%. In the 2017 GOP tax reform, corporations effectively paid for 85% of their tax cuts thanks to eliminating special tax provisions and broadening the U.S. tax base. 2. Myth: ``The wealthy don't pay their `fair share.' '' America has long had one of the most progressive tax codes among developed nations, with higher-income people paying higher tax rates, say the Organization for Economic Cooperation & Development (OECD). The top 1% pay 40% of all income taxes, and the top 10% pays 70% of all income taxes, according to the Tax Foundation. After the GOP Tax Cuts, the rich pay a larger, not smaller, share of income taxes. 3.…”