A Tax Day Look At Trump's Tax Cuts
Summary from the AllSides News Team
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From the Left
4 ways Trump's tax cuts changed the American economyMonday is the first Tax Day under the new rules of the Tax Cuts and Jobs Act, but Americans have been adapting to the law since it passed in late 2017.
Some of its effects are already visible, and some of them will take months, or even years, to understand. After all, economists are still publishing studies about the effect of the last comprehensive tax overhaul back in 1986, signed by Ronald Reagan.
Here's what we can — and can't — say about how President Donald Trump's tax cuts have...
From the Right
NYT Fact Check: Actually, the Overwhelming Majority of Americans Got a Tax Cut, Despite Democrats' False PropagandaIt's tax day in America, and if Democrats had gotten their way in 2017, the vast majority of Americans would be paying higher taxes this year. Every single Congressional Democrat voted against the GOP-passed tax reform law that slashed tax burdens for approximately 80 percent of all households --- including an even higher percentage of middle-income families. The Left has deliberately and repeatedly lied about this reality, with minimal and perfunctory fact-checking from the media. As a result, only a fraction of the country realizes that their overall federal tax...
From the Left
Trump Gave Most Americans a Tax Cut and They Didn’t NoticeRepublicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them.
Now, as Americans finish filing to the IRS for the first time under the new system, the law has swelled the deficit and surveys show just one-fifth of taxpayers believe their taxes have gone down. That’s made it hard for President Donald Trump to leverage the tax cuts as an issue in 2020, when he’s up for reelection and his party will be seeking to...
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