Trump Tax Cuts Helped Middle Class More Than Rich, New Analysis Shows

Trump Tax Cuts Helped Middle Class More Than Rich, New Analysis Shows
President Donald Trump signs the Tax Cut and Reform Bill in the Oval Office at the White House on Dec. 22, 2017. Brendan Smialowski/AFP/Getty Images
Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
|Updated:
Democratic leaders at both ends of Pennsylvania Avenue in the nation’s capital declined to comment on a new analysis of IRS data showing that former President Donald Trump’s 2017 tax cuts benefited middle-class taxpayers significantly more than those in the top income brackets.
“According to data from the U.S. Internal Revenue Service comparing outcomes from 2017 to 2018—the first year the tax reform law went into effect—the Tax Cuts and Jobs Act reduced average effective income tax rates for filers in every one of the IRS’s income brackets, with the largest benefits going to lower- and middle-income households,” wrote Justin Haskins, director of Heartland Institute’s  Socialism Research Center.
Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
twitter
Related Topics