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Picture This: Tax Policy That Tackles Economic Inequality

A 2018 ITEP report that examined tax policy in the Bush, Obama and Trump years concluded: “Since 2000, tax cuts have reduced federal revenue by trillions of dollars and disproportionately benefited well-off households. From 2001 through 2018, significant federal tax changes have reduced revenue by $5.1 trillion, with nearly two-thirds of that flowing to the richest fifth of Americans.”

These policies exacerbated federal revenue shortfalls and contributed to widening income inequality. Since the policies are still in effect, the wealthy continue to benefit. Continue reading... [link removed]


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