The latest report on who benefited from President Donald Trump's tax cuts was released in Pennsylvania, the ultimate election battleground, where the state's non-partisan Independent Fiscal Office reviewed data on actual tax returns filed by families.
According to the report, all three income categories saw their tax burden fall from 2017 to 2018.
Notably, the lowest income group saw a greater percentage tax cut than the highest income groups.
These reforms maintained a progressive tax structure for federal income taxes.
The "Final average tax rate" for Pennsylvania taxpayers earning less than $75,000 was 5.1%, compared with 20.4% for the highest income group.
Looking to court favor in high tax cities in high tax states, congressional Democrats now want to uncap this deduction.
Most taxpayers undoubtedly benefited from the 2017 tax reform - and everyone likes more money in the bank.
https://www.wnd.com/2020/10/report-trump-tax-reform-helped-income-classes/
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