Trump’s 2017 tax cuts made income inequality worse. Here’s how
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Trump’s 2017 Tax Cuts and Jobs Act has disadvantaged middle-income, low-income and Black taxpayers in several ways.
The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of cuts.