(RepublicanDaily.org) – The dominant media narrative surrounding President Trump’s tax strategy has been that it aims only to benefit the ultra-rich. On Tuesday, September 15, however, the IRS released data directly contradicting this idea.
The agency noted the tax changes the GOP brought in 2017 benefited middle-income taxpayers more than any other group. The overall tax liability for people earning under $100,000 faced fell by over 10% on average between 2017 and 2018. High earners (those with assets worth over $1 million) also benefited, saving an average of $54,000. However, the drop in their liabilities in percentage terms was much lower.
— ATR (@taxreformer) September 25, 2020
This data is more evidence ordinary Americans are better off under Trump’s leadership. Despite the economic challenges that have accompanied COVID-19, our stock market continues to surge and unemployment figures remain comparatively low. As we can now see, the Trump administration is also making sure we get to keep more of the money we work so hard to earn.
Copyright 2020, RepublicanDaily.org