The Fraud of the Trump Tax Cuts
Trump wasn’t thinking about the middle class when he signed that bill
I remember the fight over the Trump Tax Cut of 2017. I remember how the Democrats could not stop the Republicans from passing that bill. I remember how they giggled when they passed it. I remember how they winked and nodded about selling it as a middle-class tax cut when it was not. Not even close.
My memory was jogged the other day by this article, “IRS data proves Trump tax cuts benefited middle, working-class Americans most”, published by The Hill. The author, Justin Haskins, is “the director of the Socialism Research Center and editorial director at The Heartland Institute.” So a director-level think tank operator is writing opinion articles at the Hill. And that think-tank leans heavily to the right.
I found an article that refuted every point in the parent article posted a comment about the same, “Explaining the Trump Tax Reform Plan”, by Investopedia. The nugget in the Investopedia article:
For the wealthy, banks, and other corporations, the tax reform package was considered a lopsided victory given its significant and permanent tax cuts to corporate profits, investment income, estate tax, and more. Financial services companies stood to see huge gains based on the new, lower corporate rate…
