Economics
Trump Gave Most Americans a Tax Cut and They Didn’t Notice
- Just one fifth of taxpayers believe their taxes have been cut
- Views of tax law rob Republicans of 2020 political advantage
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Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them.
Now, as Americans finish filing to the IRS for the first time under the new system, the law has swelled the deficit and surveys show just one-fifth of taxpayers believe their taxes have gone down. That’s made it hard for President Donald Trump to leverage the tax cuts as an issue in 2020, when he’s up for re-election and his party will be seeking to retake the House of Representatives.