I don't recall seeing anyone claim that the tax cut will benefit ONLY the wealthy. However, since 2000 the top 1% HAVE received 22% of tax cuts, and the top 20% has received 65%. Those figures would be even more stark had not President Obama and the Democrats reversed many of the Bush tax cuts for the wealthy. This year alone, the wealthiest 1% will pay $111 BILLION less in taxes than they would have in the last year of Bill Clinton's presidency. Your congressman, of course, is in that upper 20%. See David Leonhardt, NYTimes July 11 2018. |