Democrats declared that the Republican Party's 2017 tax reform law benefitted the wealthy the most, and even proclaimed that the tax cuts increased taxes on middle-class Americans. However, new analysis shows the exact opposite of what Democrats claimed.
The Tax Cuts and Jobs Act of 2017 — the largest overhaul of the U.S. tax system since the 1980s — was passed by Republican lawmakers and signed into law by then-President Donald Trump on Dec. 22, 2017. The Democrats railed against the tax cuts, claiming they only enriched the wealthiest Americans and mega-corporations.
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