No, Trump is Not Raising Taxes on the Poor to Help Billionaires

Trump’s “Big Beautiful Bill” — Screenshot from YouTube (NEWS9 Live)

The taxation word game: Because the bottom 20% of earners pay negative income tax, it can always be claimed that any across-the-board income tax reduction benefits the rich more than the poor. Of course, the average working person, who represents the vast majority of the population, would be best served by having their own taxes reduced by 5% or 10%, regardless of whether wealthy individuals see a larger dollar savings from the same percentage cut.