Trump promises more tax cuts for the rich and big business
Former President Donald Trump’s 2017 tax law slashed rates for the highest earners but did little to help working families.
Former President Donald Trump’s 2017 tax law slashed rates for the highest earners but did little to help working families.
A new analysis by the nonpartisan Congressional Budget Office found that making the expiring provisions in the Tax Cuts and Jobs Act of 2017 permanent would significantly increase the national debt.
According to the Tax Policy Center, making Trump’s tax cuts permanent would result in an average tax cut of over $175,000 for people earning over $4.5 million per year.
Donald Trump signed a law in 2017 that slashed tax rates for the wealthy and for corporations.