Left with the Bill

Left with the Bill

While President Donald Trump continues to tout his massive tax giveaway to corporations, working people aren’t buying it. Gallup found that a majority of Americans disapprove of the law, and it’s easy to understand why: We know we’re being left with a bill for $1.5 trillion.

The Gallup poll is the most recent in a string of surveys finding that Americans are rejecting the new tax law. Even the law’s own backers are starting to run away from their handiwork.

While corporations are pocketing billions in tax cuts, most working people aren’t seeing a cent. In fact, 82% of Americans say they haven’t seen any difference in their taxes—or that they’ve even gone up.

A report this week from the Joint Committee on Taxation found that one provision alone funnels $17.4 billion to people making at least $1 million per year.

What’s more, despite promises that corporate tax cuts would lead to higher wages and more bonuses, working people are being left empty-handed.

In fact, less than 0.0015% of U.S. businesses have followed through and shared anything with their employees.

Kenneth Quinnell
Tue, 04/24/2018 – 15:56

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Updated: May 4, 2018 — 9:56 am