January 23, 2018

CBS News: Trump’s Economic Score: After Tax Cuts, Not too Much

media mention

The tax plan aims to pump $1.5 trillion worth of breaks into the nation’s economy over the next 10 years. Although the bulk of the benefits go to companies and the wealthy, ordinary folks will get something, too. The average tax reduction for the middle fifth of American taxpayers by income will be $800 in 2019 and $55,000 for the richest 1 percent, estimates from the Institute on Taxation and Economic Policy contend. Read more