FACT: Nikki Haley Supported Tax Cuts for the Ultra-Wealthy
June 5, 2023
Nikki Haley has spent her entire career advocating for legislation that would put more money back into the hands of the wealthy and corporations while leaving working families behind.
Haley proudly backed Donald Trump’s tax cuts that were skewed toward the ultra-wealthy and biggest corporations.
Haley: “The tax cuts of 2017 put more money in the pockets of hard-working Americans. Some of the biggest relief went to low- and middle-income families — those earning between $25,000 and $100,000. Millions got bonuses and wage hikes, too.”
Vox: “Trump said this tax break was for small businesses. It’s giving $17 billion to millionaires this year.”
Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than TheWorking Class In 2018”
CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”
The Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”
New York Times Opinion: “President Trump’s 2017 tax cut, which was largely a handout to the rich, plays a role, too. It helped push the tax rate on the 400 wealthiest households below the rates for almost everyone else.”
As South Carolina’s governor, she advocated for eliminating the state’s corporate income tax – a massive handout to big corporations.
Augusta Chronicle: “State budget advisers predict eliminating South Carolina’s corporate income tax over four years, as both Haley and House Republicans propose, would reduce state revenues by $61.6 million in the first year and $218.3 million annually when the phase-out is complete. But the amount of money South Carolina collects from the tax has varied yearly – as low as $101.4 million in 2002-03 to a high of $268.6 million in 2007-08.”