Real News Concerning The Trump Tax Cuts

Real News Concerning The Trump Tax Cuts
Photo Credit: IMG_0152 by pixbymaia is licensed under Flickr CC BY-NC-SA 2.0
The Trump Administration tax cuts were some of the most easily explained of any ever enacted.

The marginal tax rates were reduced for everyone, from the poorest to the richest.  Some taxes were raised by limiting the tax write-offs of those who have more than $10,000 in expenses such as for state-income and property tax.

This tax proposal was very easy for the Congressional Budget Office to simulate and they showed that essentially all low-income taxpayers would pay less tax and upper-income Americans would pay more tax.

It should have been an easy story for the media to explain.  Somehow, though, many media outlets (and consequently congressmen, even) told the Americans the opposite,  taxes were raised on the poor and reduced on the wealthy.

Sadly, it is fair to call any such reports “fake” news.

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