Trump tax 'cut' actually increased taxes for 10 million American families, report finds [View all]

[turbinetree]

A Center for American Progress estimate found that 10,260,263 families saw their taxes go up, thanks to the 2017 law.
Josh Israel
Apr 12, 2019, 12:48 pm

Donald Trump ran in 2016 promising that every American would receive a tax cut. But he has already raised taxes on an estimated 10 million families, according to a new analysis.

The Center for American Progress released its calculations on Friday, based on data from the non-partisan Institute on Taxation and Economic Policy. It found that 10,260,263 American families saw a tax hike last year, thanks to the president’s 2017 Tax Cut and Jobs Act. (ThinkProgress in an editorially independent news site housed at the Center for American Progress Action Fund.)

“Everybody is getting a tax cut, especially the middle class,” Trump told CNN in May 2016.

As he signed the bill into law in December 2017, he claimed the bill would immediately benefit all Americans. “They’re going to start seeing the results in February. This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans,” he bragged. “I said I wanted to have it done before Christmas. We got it done.”

https://thinkprogress.org/10-million-american-families-saw-tax-increases-under-trump-tax-cut-aa97d7aee410/


Count me in as one of the over 10 million.

I get to pay $2,000.00 dollars to the feds, and over $400.00 to the blue state I live in, while, Amazon, Delta, Exxon/Mobile and others paid zero taxes, and while these same assholes get to keep there fucking tax rates in the coming years, guess what, the Paul Ryan and other libertarian assholes that voted for this POS legislation and that traitor in the white house that signed the legislation, my tax rate will be going up again, and then to top it all off the country has a "guy" that defrauded New York out of over 400 million and his sister just retired from the courts in the state and thinks that she is out of the woods, and we the 10 million get hosed out of 1.5 trillion in more debt ..............................this just pisses me off to know end...................................