The ugly numbers are finally in on the 2017 Trump tax rewrite -- and the rich made out like bandits
By David Cay Johnston, DCReport @ RawStory
Published 6 hours ago on September 4, 2020
The first data showing how all Americans are faring under Donald Trump reveals the poor and working classes sinking slightly, the middle-class treading water, the upper-middle-class growing, and the richest among us luxuriating in rising rivers of greenbacks.
More than half of Americans had to make ends meet in 2018 on less money than in 2016, my analysis of new income and tax data shows.
The nearly 87 million taxpayers making less than $50,000 had to get by in 2018 on $307 less per household than in 2016, the year before Trump took office, my analysis shows.
That 57% of American households were better off under Obama contradicts Trump’s often-repeated claim that he had created the best economy ever until the pandemic.
https://www.rawstory.com/2020/09/the-ugly-numbers-are-finally-in-on-the-2017-trump-tax-rewrite-and-the-rich-made-out-like-bandits/
