What “Tax Cuts for the Rich?”

You can smack us on the side of the head if you’ve heard us say this about a dozen times in the HOTLINE, but the biggest reduction in tax burdens in TCJA went to the lowest income and middle income families. Congrats to House Ways and Means Committee chairman Jason Smith and his staff for putting out this handy lie detector test.

Bottom line: The share of taxes paid by the richest 1% and 10% went UP after the Trump tax cut.

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