Trump’s Tax Law
Cal Berkeley professor Robert Reich claims that Trump’s “tax law fueled a massive transfer of wealth into the hands of the rich and powerful.”
IN FACT, Trump’s tax law spurred job creation, pay raises, and consumer price reductions.
In the 3 pre-Covid years of Trump’s presidency, real median family wealth rose 3% for whites, 33% for blacks, and 65% for Hispanics. It was the only period of modern history in which wealth inequality declined.
