luvyablue

The Tax Cuts and Jobs Act of 2017 will provide the Top 1% with an additional half a trillion dollars over the next decade. For the remaining 150 million Americans who file tax returns, this tax cut is a wash when you include increasing housing and healthcare costs.

In 1960, the top 4% earned as much as the bottom 35%. In 2017, the top 4% earned as much as the bottom 57%. Proof the middle class is shrinking.