Trump Tax Cuts
President Biden claims that President “Trump’s $2 trillion tax cut overwhelmingly helped the wealthy, but not the vast majority of the American people.”
IN FACT, the only period of modern history in which wealth inequality declined was in the first three (pre-Covid) years of Trump’s presidency. Real median family wealth rose for all races and ethnicities, including 3% for whites, 33% for blacks, and 65% for Hispanics.
