who benefits from trump tax cuts

Did The Rich Get All Of Trump's Tax Cuts? The Trump tax plan simplifies the tax structure but reduces revenue by $1.5 trillion.

To gauge how President Donald Trump’s tax overhaul affects the U.S., you can compare the many promises Republicans made for the law and their real-world results. And there’s a good chance you don’t believe it. ... (TANF) benefits, Social Security benefits, Medicare benefits and premiums, payroll tax, food stamps and ObamaCare’s subsidies.

Congress claimed the corporate tax cuts would benefit everyone because businesses would invest or use the tax cut to raise wages. After his first question from the audience, Sanders argued that President Donald Trump "said he'd have a tax plan to benefit the middle class, but 83% of the benefits go to the 1%." Business tax cuts are permanent. Individual cuts expire in 2026.

If you’re an American taxpayer, you probably got a tax cut last year.

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