Were the Trump tax cuts just another example of 'trickle down' fail?


  

   

  'Trump's first tax giveaway, the Tax Cuts and Jobs Act (TCJA), funneled trillions into the pockets of wealthy corporations and their shareholders, including through a 40 percent cut to the top corporate tax rate (from 35 percent to 21 percent). Over the past few years, these companies, facing already low tax rates thanks to the TCJA, raised prices on essential goods every chance they got to boost their own profit margins at the expense of American families. Now, Trump and congressional Republicans are doubling down on tax breaks for their billionaire backers, paid for by working families. According to one estimate, Republican proposals to defund vital programs like Medicaid and extend tax cuts for the wealthy would raise costs by as much as $1,125 for the bottom 20 percent of American families.'
  -groundworkcollaborative.org, 4-9-2025

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