How Trump’s tax cuts favor whites over minorities

How Trump’s tax cuts favor whites over minorities

The Center for Public Integrity |
August 22, 2018

Data analysis shows people of color will get much smaller tax breaks over time

When President Donald Trump last year signed into law the biggest tax overhaul in three decades, many experts concluded it was clear that most of the cuts went to the wealthy. Less clear was that the cuts disproportionately favor whites over minorities — a gulf that will likely worsen a centuries-old economic divide between the races.

The Tax Cuts and Jobs Act, signed by Trump last December, cut the income tax rates across the board for large corporations and many small businesses and partnerships. Individuals received tax preferences in the form of a temporary increase in the child tax credit and the standard deduction. They also received temporary reductions in individual income tax rates.

But over the next few years, the cuts become less generous for those earning the least — and that disproportionately affects minorities far more than whites, according to tax experts and a Center for Public Integrity analysis using Census Bureau data.

Credit by- The Center for Public Integrity

Read More

If you like the story and if you wish more such stories, support our effort Make a donation.


If you believe investigative journalism is essential to making democracy functional and accountable support us. »