BIG FEDERAL DEFICIT? Because Trump’s and George W. Bush’s tax cuts together added $10 trillion to the debt—57% of the increase in the ratio of the national debt to the economy since 2001. Excluding the one-time costs of Covid-19 and the Great Recession, the Bush/Trump tax cuts account for MORE THAN 90% of the increase.
65% of the benefits of the Trump tax cuts have gone to the richest fifth of Americans
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