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0 pointsdahfizz4y ago0 comments

> The savings were supposed to somehow trickle down to the "lower decks", but this has proven not to happen.

Do you have more info on this? The middle class literally paid less in taxes due to Trump's cuts[1]. The rates were lowered across the board and the standard deduction (negligible to the 1%, a huge chunk of change to the middle class) was increased.

[1] https://www.bloomberg.com/news/articles/2020-10-27/the-trump...

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jsilence4y ago

"...the Trump administration claimed that its corporate tax cuts would increase the average household income in the United States by $4,000. But two years later, there is little indication that the tax cut is even beginning to trickle down in the ways its proponents claimed."

https://www.americanprogress.org/issues/economy/news/2019/09...

https://www.rollingstone.com/politics/politics-features/trum...

https://www.salon.com/2020/12/27/50-year-study-of-tax-cuts-o...

https://www.motherjones.com/politics/2020/06/trumps-tax-cuts...

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