March 2, 2017

Less than 7% of Trump's proposed tax cuts go to middle class; 47% to top 1%

Vox - One of President Trump's main points at his first address to Congress, according to a sheet of talking points distributed to the press before the event, is a demand that "The middle class must get tax relief."

This isn’t too surprising; Trump has been hitting this line since the campaign, and reiterated it again and again upon taking office...

There’s just one problem: Neither Trump’s tax plan (the one from the campaign; he hasn’t offered a new one as president) nor the Better Way plan from House Republicans, which could play just as an important role in shaping the tax reforms that Congress ultimately passes, is designed to primarily help the middle class. Only 6.6 percent of the cost of Trump's plan goes to cuts for the middle fifth of taxpayers, households making between $48,400 and $84,300 a year, according to the Tax Policy Center. By contrast, a whopping 47.3 percent goes to the top 1 percent, and nearly a quarter goes to the top 0.1 percent, all of whom make over $3.75 million a year.

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