Mother Jones: A New Study Shows White Families Getting Four-Fifths of Trump’s Tax Cut
media mention“Households of color have less income and have less wealth than white households, in large part due to centuries of systemic racism,” says Meg Wiehe, ITEP’s deputy director and one of the report’s authors. “So inevitably a tax cut that’s so expensive and so tilted to the top is furthering not just income inequality—it’s also furthering racial inequity in income and in wealth.”
The authors found that nearly 80 percent of the $275 billion in tax cuts to individual households will go to white families—even though whites make up just two-thirds of taxpayers. In dollar terms, white families will get about $218 billion in tax cuts, while black households will see about $14 billion and Latinos about $18 billion.