For Immediate Release
Trump Lied Again About His Tax Cuts
WASHINGTON - Just a few hours ago, President Trump sat down with congressional leaders from the bipartisan Problem Solvers Caucus to discuss his tax cut plan. During the Q&A, Trump claimed that wealthy individuals will not benefit from his plan.
- Half of the tax cuts in Trump's plan will go to the top 1% (those making more than $732,900).
- The average tax cut for the top 1% will be $175,000.
- The average tax cut for a family making between $25,000 and $48,600 will be $210.
- A quarter of all families making between $48,600 to $86,100 will actually see their taxes INCREASE.
- Source: Tax Policy Center
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Americans for Tax Fairness (ATF) is a diverse campaign of more than 425 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.