A study has found that Trump’s tax cuts disproportionately disadvantaged middle-income, low-income, and Black taxpayers.

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Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans

By Beverly Moran, Professor Emerita of Law, Vanderbilt UniversityThe Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of cuts.
		The 2017 cuts were the most extensive revision to the Internal Revenue Code since the Ronald Reagan …

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Trump’s tax cuts expire soon − study shows devastating effect they had on many

President Donald Trump arrives at the White House after passing the Tax Cut and Jobs Act on Dec. 20, 2017. AP Photo/Evan VucciThe Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of cuts. The 2017 cuts were the most extensive rev…

Yves here. Angry Bear called our attention to this Trump tax cuts post, and also helpfully added some charts from its linked sources, which we are also including. Even though the press has repeatedly pointed out that the Trump tax bennies overwhelmingly benefitted the well off, there does not seem…

BizToc

Trump’s 2017 Tax Cuts Expire Soon − Study Shows They Made Income Inequality Worse and Especially Hurt Black Americans

The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of cuts. The 2017 cuts were the most extensive revision to the Internal Revenue Code since the Ronald Reagan administration. The changes it imposed range from the tax that corp…

Fast Company

Joe Mansueto

Trump’s 2017 tax cuts made income inequality worse. Here’s how

In this photo illustration, a 1040 U.S. Individual Income Tax Return document is seen on a desk on April 15, 2024, in North Haledon, New Jersey. | Source: Michael Bocchieri / Getty The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first…

News One

How Trump's Tax Plan Disadvantaged Middle-Income And Low-Income Black Americans

The first-term Trump tax cuts, increased inequality. So why does there seem to be so much complacency about their renewal?

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In this photo illustration, a 1040 U.S. Individual Income Tax Return document is seen on a desk on April 15, 2024, in North Haledon, New Jersey. | Source: Michael Bocchieri / Getty  The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s firs…

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BLK ALERTS - How Trump’s Tax Plan Disadvantaged Middle-Income And Low-Income Black Americans

The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump …
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Trump’s 2017 tax cuts made income inequality worse: Study

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