Biden Claims Trump’s Tax Cuts Only Benefited The Wealthy
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.
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...