The Trump tax giveaway is exactly what many of us thought

The numbers have been crunched.

The first data showing how all Americans are faring under Donald Trump reveal the poor and working classes sinking slightly, the middle class treading water, the upper-middle class growing and the richest, well, luxuriating in rising rivers of greenbacks.

More than half of Americans had to make ends meet in 2018 on less money than in 2016, my analysis of new income and tax data shows.

The nearly 87 million taxpayers making less than $50,000 had to get by in 2018 on $307 less per household than in 2016, the year before Trump took office, I find.

That 57% of American households were better off under Obama contradicts Trump’s often-repeated claim he created the best economy ever until the pandemic. - DC Report