Study Shows Workers Barely Benefited from Trump’s Sweeping Tax Cuts

President Donald Trump speaks as he welcomes members of the Baylor women's basketball team, who are the 2019 NCAA Division I Women's Basketball National Champions, to the Oval Office of the White House in Washington, Monday, April 29, 2019. (AP Photo/Susan Walsh)
President Donald Trump speaks as he welcomes members of the Baylor women’s basketball team, who are the 2019 NCAA Division I Women’s Basketball National Champions, to the Oval Office of the White House in Washington, Monday, April 29, 2019. (AP Photo/Susan Walsh)

Big companies drove Donald Trump’s tax cut law but refused to commit to any specific wage hikes for workers, despite repeated White House promises it would help employees, an investigation shows.

The 2017 Tax and Jobs Act – the Trump administration’s one major piece of enacted legislation – did deliver the biggest corporate tax cut in US history, but ultimately workers benefited almost not at all.

This is one of the conclusions of a six-month investigation into the process that led to the tax cut by the Center for Public Integrity, a not-for-profit news agency based in Washington DC.

The full findings, based on interviews with three dozen key players and independent tax experts, and analysis of hundreds of pages of government documents, are published today in an in-depth piece.

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SOURCE: Peter Cary and Allan Holmes
Center for Public Integrity