Biden Claims Trump’s Tax Cuts Only Benefited The Wealthy

Posted on AllSides March 3rd, 2022
From The Right
BRENDAN SMIALOWSKI/AFP via Getty Images
ANALYSIS

CLAIM: At his first State of Union address, President Joe Biden claimed that Donald Trump’s 2017 tax cut only benefited the top one percent of earners.

“And unlike the $2 Trillion tax cut passed in the previous administration that benefitted the top 1 percent of Americans, the American Rescue Plan helped working people—and left no one behind,” Biden said.

Verdict: False.

The beneficiaries of the 2017 tax reforms were not confined to the top earners. In fact, the overwhelming majority of American taxpayers received a tax cut through the Trump...

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