This Tax Day, as people file their taxes for the first time under the Republican tax law, the Trump-GOP tax scam continues to be a windfall for the wealthy and corporations. In fact, twice as many companies are paying zero taxes under the Trump-GOP tax scam even though these companies earned billions of dollars in profits last year.
President Trump and congressional Republicans promised that their tax law would help workers and the middle class. But working families aren’t fooled: a recent poll finds that a majority of Americans agree that the Republican tax scam benefits the wealthy and corporations, not the middle class. More Americans say that their taxes have increased because of the law than those who say their taxes have decreased.
“President Trump and congressional Republicans sold Americans a big fat lemon,” said For Our Future Ohio spokesperson Daniel van Hoogstraten. “Not only has the GOP tax scam failed to put more money in the pockets of hardworking Ohioans, but the tax law has encouraged companies like General Motors to eliminate good-paying jobs in our state and instead boost production overseas.”
Adding insult to injury, President Trump now wants working families to pick up the tab for his $2 trillion tax cut to the rich. In March, President Trump called for sweeping budget cuts to programs like Medicare, Medicaid, and Social Security to help pay for the GOP tax scam. Trump’s budget also calls for an additional $1.1 trillion in tax cuts that would primarily benefit the wealthy.
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