A talking point of the Democratic ticket, proclaimed by the presidential and vice presidential nominees, is that former President Donald Trump’s 2017 tax cut only helped the wealthy and left the middle class behind.
This is not true. The Tax Cuts and Jobs Act was a massive middle-class tax break, and almost every taxpayer in America got a tax cut from it. While the law also cut taxes for the wealthy and for corporations, it actually shifted a greater portion of the tax burden onto wealthier taxpayers.
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