The Tax Cuts and Jobs Act sharpened the decline in a tax rate paid by America's 400 wealthiest families, a new analysis shows.
as federal tax receipts disappointed—and the wealthiest cashed in.
Moreover, the falling corporate tax rate did not filter down into the pockets of workers. The CRS found that"profits…grew faster than wages" and that"ordinary workers had very little growth in wage rates."that the poorest would see the lowest proportional benefit and the richest would benefit more than anyone else.
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