The Tax Cuts and Jobs Act not only fulfilled our expectations but exceeded them, contributing to significant economic growth and improved worker wages.
Real wages for middle-income workers grew 4.9%, marking the fastest growth in two decades, as median household income soared by $5,000 from 2016 to 2020.
The claim that the Trump tax cuts were a giveaway to the rich disregards evidence showing that every income bracket benefited, with lower incomes seeing substantial tax reductions.
Under the Biden-Harris administration, real weekly earnings for middle-class workers have declined by about 3.6% since Trump left office, exacerbated by rampant inflation.
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