Politics

CNN’s John King: GOP Tax Bill Giving ‘Damn Good Money’ To Working Class [VIDEO]

CNN host John King noted Wednesday that the Republican tax bill is giving “damn good money” to working families living paycheck to paycheck.

“The Republicans are making a big bet, taking a big risk. Will over time the American people say ‘oh, I like having more money in my pocket.’ That’s their big bet,” King said.

“Not one Democrat has voted for a bill that cuts taxes by $1.5 trillion. To Abby’s point, if you’re a working class family, some people say oh, it’s only $200, $300 — if you’re living paycheck to paycheck, that’s damn good money and you are grateful for it.”

WATCH:

“Are the Democrats taking a risk?” King wondered. “Especially those from trump states there’s 10 Democrats from Trump states, are they solid or this a bet in December 2017 that they can’t be sure holds up in November 2018?”

Approximately 80 percent of American taxpayers will see their taxes go down under the new legislation, according to an analysis by the Tax Policy Center, a left-leaning think tank. (RELATED: Here Are The 12 Republicans Who Voted Against Tax Reform)