October 12, 2018

Louisiana Budget Project: Federal Tax Cut Worsening Racial Wealth Divide

ITEP Work in Action

While President Trump and Republicans in Congress heralded the Tax Cut and Jobs Act of 2017 as a major tax cut for the middle class, the numbers don’t bear that out. A new analysis by researchers at Prosperity Now and the Institute on Taxation and Economic Policy reveals just how much of the federal tax cut benefits went to the highest income earners, and the crumbs that were left over for low and middle-class households.

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