A Center for American Progress estimate found that 10,260,263 families saw their taxes go up, thanks to the 2017 law.
Donald Trump ran in 2016 promising that every American would receive a tax cut. But he has already raised taxes on an estimated 10 million families, according to a new analysis.
The Center for American Progress released its calculations on Friday, based on datafrom the non-partisan Institute on Taxation and Economic Policy. It found that 10,260,263 American families saw a tax hike last year, thanks to the president’s 2017 Tax Cut and Jobs Act. (ThinkProgress in an editorially independent news site housed at the Center for American Progress Action Fund.)
“Everybody is getting a tax cut, especially the middle class,” Trump told CNN in May 2016.
View the complete April 12 article by Josh Israel on the ThinkProgress website here.