On the Sixth Day of Tax Scam the President Said to Me…..
“Our framework ensures that the benefits of tax reform go to the middle class, not to the highest earners.”
– President Trump, Oct. 11, 2017 [USA Today]
Was he kidding? Lying? Doesn’t understand basic math? The richest 1% of taxpayers will get an average tax cut of $50,000 in 2020 from the Trump-GOP tax cuts. That’s over 75 times more than the tax cut for the bottom 80% of taxpayers, which will average $645.
Here’s another way of looking at it: In 2020, the richest 1% will receive a total of $78 billion in tax cuts from the Trump-GOP tax law—more than a quarter of the total. That’s about the same amount as the entire bottom 80% of taxpayers will get.
Source: Americans for Tax Fairness, https://americansfortaxfairness.org/promise-will-middle-class-tax-cut/
Director of Communications
Americans for Tax Fairness