Media

December 13, 2019  |  

“12 DAYS OF TAX SCAM” CONTINUES TO HIGHLIGHT 2nd ANNIVERSARY OF TAX CUT FAILURES

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/

Contact:
Dennis Bailey
Director of Communications
Americans for Tax Fairness
202.733.3444
dbailey@americansfortaxfairness.org