Oregon Center for Public Policy: Tax Cuts for the Rich, Higher Prices for Everyone Else: the Net Effect of Trump’s Inflationary Policies

Only the richest 5 percent of Oregonians are better off from the combined impact of tax changes and inflationary policies enacted by the Trump administration and the congressional Republican majority, according to a new analysis by the Institute on Taxation and Economic Policy (ITEP). The other 95 percent of Oregonians, those making less than $325,000 per year, are worse off, paying more for healthcare, food, and other costs. And the less you make, the worse it gets.

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