Economics
Trump’s Middle-Class Tax Pledges Go Unfulfilled in Senate Bill
- An estimated $1 trillion revenue loss also counters promises
- President says ‘this is going to cost me,’ but doesn’t say how
This article is for subscribers only.
President Donald Trump and Republican congressional leaders are on the brink of achieving their top priority, centerpiece tax legislation, but only after a series of inaccurate claims and broken promises.
Lawmakers have made -- and then retracted -- pledges that their planned overhaul bill wouldn’t raise taxes on any middle-class families. Trump and his top aides have said the changes won’t cut taxes for the highest earners, statements that are demonstrably false.