This chart shows what happened to tax rates under the Trump tax cuts. You can see that virtually everyone across the income spectrum except the very lowest incomes – people who pay no income tax – got a rate cut.

Also, the lower rates were partially paid for by taking away lucrative deductions for the millionaires and billionaires living in blue states.  Funny how the same liberals who cry “tax cuts for the rich” want to bring back the state and local tax deduction – for the rich (in blue states).

For our money, we’d like to see this chart as a straight line at 19 or 20% across the income spectrum with no taxes owed for a family of four on the first $40,000 of income and no other deductions. Think flat tax.