Scoring Trump’s Tax Cuts So Far: $280K For Rich Lawmakers, Pennies For Working People

The Trump-GOP tax law was sold as a boon for the middle class. But many months after its passage, there are no signs that working Americans are getting the pay raise they were promised. The Trump administration claimed the corporate tax cuts would eventually lead to wage increases of up to $9,000 a year for ordinary workers. But so far, workers’ wages remain stagnant. Tracking by Americans for Tax Fairness shows that only about 400 out of America’s 5.9 million employers have announced any wage increases or one-time bonuses related to the tax cuts. That’s about 0.007 percent. In fact, real wages have actually declined since last year after accounting for higher gas prices, prescription drug prices, and other rising costs. If that weren’t bad enough, Trump and the GOP now want to come after the services that working families rely on.
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