Both Sides Spin Who Would Benefit from Extending Trump Tax Cuts
With the Republican-controlled Congress moving forward with President Donald Trump’s call to extend the 2017 individual tax cuts, Democrats and Republicans are spinning the facts about who would benefit. Several Democrats have framed the tax cuts as exclusively benefiting billionaires, while Trump has suggested everyone in America would see a tax cut.
On average, taxpayers in every income group would get some tax relief. But not everyone. In all, about two-thirds to three-quarters of...