Change in Household Income Resulting from the Republican and Trumps extension of the 2017 Tax Bill or the TCJA

Change in Household Income Resulting from the Republican and Trumps extension of the 2017 Tax Bill or the TCJA

Daniel Becker had this bar chart on Facebook which details how the tax break will play out. Really great for the 1 tenth of 1 percenters. Good for the top 1 percenters and the upper five percenters.

The point is the bottom 1st, 2nd, and middle quintiles who are getting screwed by Trump and Congress passed tax bill. As you probably know many people will be kicked off of Medicaid. Some using Medicare will also be impacted. We are talking $billions of dollars.

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Daniel Beckers take on the Impact of Trump’s Tax Break

“One Big Beautiful Bill: Pros & Cons: The Good, Bad, and the Ugly,” Tax Policy Center

This is what the effect of the proposed Republican budget looks like when put in terms of actual dollars in hand instead of talking percent change.

I’ve seen and posted many charts that look like this since 2007 and yet people still think the Republicans are for them. Even those in the upper 10%, but not the 0.1% still don’t see they have been getting screwed.

The bar chart as taken from Daniel Beckers Commentary on Facebook.