Trump tax plan showers rich Oregonians with tax cuts

InsideCapitolDome

Trump tax plan showers rich Oregonians with tax cuts

InsideCapitolDome
Initial results are in: The tax reform plan proposed by President Trump and congressional Republicans will benefit the richest Oregonians far more than the middle-class.

Trump tax plan showers rich Oregonians with tax cuts

Initial results are in: The tax reform plan proposed by President Trump and congressional Republicans will benefit the richest Oregonians far more than the middle-class.

The Institute on Taxation and Economic Policy (ITEP) released a 50-state analysis showing that the tax plan will be costly and poorly targeted. We have taken ITEP’s analysis and illustrated what the Trump tax plan means for Oregonians in three charts below. These charts show: dollar-wise, the richest 1 percent get a massive tax cut; the well-off get the biggest share of the entire tax cut; and the richest 1 percent get the biggest tax cut as a share of income.

Any way you slice it, the richest Oregonians are the biggest winners from the Trump tax plan.

Huge tax cuts

Well-off

Trump tax plan

 

Daniel Hauser

Daniel Hauser

Daniel Hauser is the Deputy Director of the Oregon Center for Public Policy

Action Plan for the People​

How to Build Economic Justice in Oregon

Latest Posts

Your donation helps build Economic Justice in Oregon

Your donation helps build Economic Justice in Oregon

Scroll to Top