When Donald Trump was campaigning for his massive tax cut bill in 2017,he promised that the average American household would see a $4000 increase in its income as a result of the tax cuts, a claim that FactCheck.org critiqued as “doubtful” at the time, and saying “don’t count on it.” Now,a sweeping novel study by a nonprofit investigative news organization shows that the result of Trump’s tax cuts for average Americans came nowhere close to Trump’s claims.
In fact, the investigation conducted by The middle for Public Integrity, and in partnership with The Guardian,shows that while American corporations fattened their wallets by a whopping $150 billion under the “Tax Cuts and Jobs Act” signed into law by Trump on December 22, 2017, and the employees of United States companies received only six percent of that amount in the form of novel income.
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Source: inquisitr.com