John,

It’s been two years since Donald Trump signed his tax scam into law and the results are in.

In a new chartbook by Americans for Tax Fairness titled “Trump-GOP Tax Cuts Failing Workers and the Economy,” we take a look at eight key promises (ahem, LIES) made by Donald Trump and congressional Republicans that were used to scam the American people and ram their tax breaks through Congress.

Here are just a few:

TRUMP PROMISE: IT WILL BE A MIDDLE-CLASS TAX CUT.
REALITY: The richest 1% are getting an average tax cut that’s 75 times more than the average tax cut of the bottom 80%―$50,000 vs. $645.

TRUMP PROMISE: WEALTHY PEOPLE―LIKE DONALD TRUMP―WON’T BENEFIT FROM THE TAX CUTS.
REALITY: Donald Trump and his family will benefit personally by millions of dollars from five features of the tax scam: lower top income tax rates; the deep corporate tax cuts; a weakened estate tax; a tax break mostly benefiting wealthy business owners like Trump; and real-estate loopholes the tax law opened.

TRUMP PROMISE: WORKING FAMILIES WILL QUICKLY GET A $4,000 TO $9,000 RAISE.
REALITY: Median family income rose just $514 in 2018 and the annual growth rate in workers’ wages has increased just 0.4% since the tax scam became law. Both of these are well below the increases that occurred during President Obama’s last two years in office.

As we prepare to enter a critical presidential election year, it’s up to us to educate the American people about the failures of Trump’s promises and demand a Fair Share Tax System that works for everyone, not just the wealthy few.

SIGN THE PETITION: Call on Congress to repeal the Trump-GOP tax scam for the rich and corporations and listen to the American people as we demand a tax system and an economy that invests in critical services for working families, including Social Security, Medicare, Medicaid, education, infrastructure and more!

In 2017, we were told repeatedly that the giant, unpaid-for tax cuts for the wealthy and corporations would increase jobs, pay for themselves, give every family a big raise and really hurt rich people like Donald Trump. The evidence says otherwise—overwhelmingly!

In fact, in 2018, 60 profitable Fortune 500 corporations—such as Amazon, Netflix and General Motors—paid no U.S. corporate income taxes and instead got a total of $4.3 billion in rebates. And, instead of investing in its workers, corporations have instead used their tax savings for stock buybacks, which primarily benefit executives and other wealthy shareholders.

The nonpartisan Congressional Budget Office has confirmed that the tax scam is costing the American people nearly $2 trillion―increasing our deficit by 70% since President Obama’s final year in office.

Don’t let Donald Trump and congressional Republicans use the deficit their tax cuts ballooned as an excuse to cut critical services for working families. Sign the petition to repeal the Trump-GOP tax cuts benefiting the rich and corporations and instead implement a Fair Share Tax System that works for everyone, not just the wealthy few.

By a wide 2 to 1 margin, voters support candidates for Congress who want to repeal the 2017 tax scam for the rich and corporations.[1] Let’s make this the winning issue in 2020.

Thank you,

Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund

[1] “Making Taxes a Winning Issue in 2020,” Hart Research Associates, Oct. 1-6, 2019