It helps many more people than Trump’s tax cuts for rich people. Look at the chart in the fourth tweet below.
New candidate for understatement of the year https://t.co/qYQ1CcvdNH
— Seth Hanlon (@SethHanlon) March 9, 2021
Under Biden’s covid stimulus, 70% of the tax benefits go to households making $91,000 or less in 2021.
— Sahil Kapur (@sahilkapur) March 9, 2021
Under Trump’s tax law, nearly half the benefits went to households making $308,000 or more in 2018.
(via @TaxPolicyCenter)
Tax Policy Center analysis shows that Biden covid-bill would raise incomes of lowest earning fifth of Americans by 20%, or $2,810 each
— John Harwood (@JohnJHarwood) March 8, 2021
for highest earning fifth: .7%, or $1,900 each https://t.co/feG2l5ad28
The top 20% of households reaped 65% of benefit from Trump’s tax cuts. The bottom 20% got 1%.
— Steven Rattner (@SteveRattner) March 8, 2021
The American Rescue Plan gives aid to those who actually need it. My @Morning_Joe chart: pic.twitter.com/Ptq9Hpu3KA
It's a tale of 2 reconciliations. TCJA gave to the wealthy, the American Rescue Plan will give to those who really need it. On @Morning_Joe, I discussed why the 2020 election might be the most consequential election since FDR in 1932. pic.twitter.com/cbUsKF9Ezh
— Steven Rattner (@SteveRattner) March 8, 2021
The U.S. economy will recover twice as fast thanks to the COVID relief bill and quick vaccine rollout. https://t.co/K9I9zUdbec
— Kyle Griffin (@kylegriffin1) March 10, 2021
