we got a giant tax break for the wealthy and the largest corporations
OverstatedJohn Hickenlooper, at Colorado U.S. Senate General Election Debate (9NEWS)
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Why we checked itAsserts that tax policy under Trump disproportionately benefited the wealthy and large corporations — a specific policy claim that can be checked against the actual tax legislation and its distributional effects
What we foundThe TCJA did deliver disproportionately large tax benefits to the wealthy and large corporations, but it also cut taxes for most middle- and lower-income households, making the characterization of it as solely a 'tax break for the wealthy and largest corporations' an overstatement.