NEW IRS DATA PROVES TRUMP TAX CUTS BENEFITTED AVERAGE AMERICANS MOST

Written by on December 12, 2021

NEW IRS DATA PROVES TRUMP TAX CUTS BENEFITTED AVERAGE AMERICANS MOST

By Peter Boykin – American Political Commentator / Citizen Journalist

New IRS data has been released that underscores how Donald Trump’s 2017 tax cuts benefitted the working and middle-class more than the rich. And it comes just has Joe Biden and the Democrats are working overtime to try and un-do those tax cuts.

Numbers don’t lie: Justin Haskins, director of the Socialism Research Center at The Heartland Institute, broke down the data by income groups. Those making:

between $15,000 and $50,000 saw taxes cut by 16 – 26%
between $50,000 to $100,000 averaged tax savings of 15 – 17%
between $100,000 to $500,000 saw taxes cut by 11 – 13%
$500,000 or more received an average tax cut above 9%
over $1 million received a tax cut of 6%

Haskins concluded: “The fact is, Republicans’ 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups, provided the greatest benefits for middle-income households, and spurred economic growth that helped reduce poverty and improve prosperity.”

Joe Biden made the false claim during. the 2020 elections: “Did you get anything from it? Of course not. Of course not. All of it went to folks at the top and corporations.”
…as with most of what comes out of Biden’s mouth, it was a lie.
[Source: Just the News]

https://www.spreaker.com/user/9922149/new-irs-data-proves-trump-tax-cuts-benef

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