The ITEP analysis of federal tax cuts from 2001 to 2018 found that they had reduced revenues by trillions of dollars, with a big chunk of the benefits flowing to the wealthiest 1 percent of taxpayers. “By the end of 2025, the tally of tax cuts will grow to $10.6 trillion,” the ITEP report says. “Nearly $2 trillion of this amount will have gone to the richest 1 percent.”
July 11, 2018
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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