NBC News: Fact-check: The July Democratic debate 2019, Night 2

Did ‘almost all’ of the tax cuts since 2001 go to the wealthiest Americans?

“Since 2001, we have cut $5 trillion worth of taxes. Almost all of it has gone to the wealthiest people in America,” Michael Bennet claimed Wednesday night.

This is exaggerated.

Nearly two-thirds of $5.1 trillion in tax cuts went to the richest fifth of Americans, according to a 2018 report from the left-leaning Institute on Taxation and Economic Policy. That’s quite a lot, but it’s not “almost all.” Read more

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