Sept. 13, 2022 3:44 pm ET
Batya Ungar-Sargon makes important points in her op-ed “
Democrats Are the Party of the Overclass” (Sept. 1). But at the end of her article, she writes, “Democrats typically ask: What about Republicans handouts to the rich? What about the Trump tax cuts? They have a point about the other side, but it’s not much of a defense.”
IRS data reveal that all income brackets benefited as result of the Trump tax reforms, with the most significant benefits accruing to working- and middle-class filers, not to the wealthiest, as media and Democrats have ceaselessly claimed. For instance, those earning between $50,000 and $100,000 a year had a reduction in taxes of about 17%, while those with $100,000 to $500,000 in income saw their tax bill reduced by about 13%. All working Americans shared in the economic benefits of the 2017 legislation.