#tax-cuts
2 entries with this tag
Lies & Misinformation
Year-End Address: Claimed He "Brought Down Prices" — Inflation Was Unchanged at 3%
In a national address, Trump claimed "inflation has stopped" and he brought prices down. Fact-checkers rated it false: inflation was 3% — the same rate as when he took office. He also exaggerated grocery savings, gas prices, and immigration numbers.
Corruption & Grift
Tax Cuts and Jobs Act: $1.9 Trillion Giveaway to the Wealthy
Trump's tax law cut corporate rates from 35% to 21% and gave the top 1% average cuts of $61,500 while the bottom quintile got $100. The promised wage boom never came. It added $1.9 trillion to the national debt.