Trump's 'HUUUGE' Tax Bill A Total Hoax

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Trump’s claim of epic tax cuts for the working class was completely bogus. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. More TYT:

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"Next week marks the one-year anniversary of the Republican tax bill. On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act, shrinking the corporate tax rate from 35 to 21 percent and cutting taxes on private businesses by about 20 percent.

When Trump signed the bill that morning in the Oval Office, he boasted about the gains it would provide for all Americans. He claimed that corporations were already 'giving billions and billions of dollars away to their workers' as a result of the $1.5 trillion tax cut package and pointed to a handful of big companies that promised to raise wages and give employees $1,000 cash bonuses — among them Walmart, Bank of America, and Comcast.

A year later, economic data shows that the tax bill’s benefit to workers was largely a mirage.

The left-leaning Economic Policy Institute recently crunched compensation data from the Bureau of Labor Statistics, showing that the much-touted bonuses did little to boost workers’ paychecks. In the past 12 months, cash bonuses only gave workers an extra 2 cents in average hourly compensation, adjusted for inflation. (This does not include bonuses tied to productivity goals.)"

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