Trump’s economy isn’t working for working Americans
But it’s working great for the rich and powerful.
Take Trump’s tax bill, for example, which was nothing more than a $2 trillion gift to the wealthy and the largest corporations. Here’s the proof:
In 2018, the average family of four making $85,000 per year paid $15,284 in taxes. That same year, dozens of corporations making billions of dollars in profits paid NOTHING in taxes. That’s right, $0.
The 2017 Republican tax bill is a microcosm of Trump’s economic policies: The rich win, and middle-class families lose.
- Average tax cuts: The bottom 80% of earners will receive a tax cut of just $645 this year. Meanwhile, the average 2020 tax cut for the top 1% of earners will be $49,950.
- Share of the benefits: 83% of the benefits from the tax bill will go to the richest 1% of earners in the U.S.