Tax cuts benefit middle class
The goal of the Trump tax cut was simple: Strengthen the economy with lower tax rates, and let working and retired Americans keep more of what they earn. The early evidence confirms this is exactly what has happened. Initial IRS data show that almost half of filers have already taken advantage of the bill's middle-income tax provisions. Income taxes have become such an ingrained part of American life that many workers barely notice how much is snatched from their paychecks: payroll taxes, federal income taxes, state income taxes, etc. We see the net amount and forget that the ...