A new report today confirms that Donald Trump is working to line the pockets of the ultra-wealthy with another round of tax handouts, which new analysis shows will raise costs on working families to “actively transfer money” up to the richest Americans.

Make no mistake: Trump doesn’t care about what’s best for the American people — just his billionaire backers and their own bottom lines. 

New research shows that Trump’s disastrous tax scam would raise costs for Americans in the bottom 40% income bracket while giving over $180,000 in handouts to the ultra-wealthy. 

Washington Post: “The tax cuts … concentrated the largest benefit among the wealthiest. Combining an extension — which would concentrate benefits among the same groups — with cuts to safety net programs would actively transfer money from low-income people to high-income earners, the Yale researchers found. … 

“Researchers found that the lowest-income taxpayers would see a loss of $1,125, factoring in their tax rate and the lost value from leaner federal benefit programs. The richest 0.1 percent of taxpayers would see a more than $180,000 benefit from the lower tax rates and would not be affected by the benefit reductions.”

Yale Budget Lab: “Tax units at the bottom of the income distribution would see a reduction in after-tax-and-transfer income of 5% … More than 100% of the net fiscal benefit would accrue to the top quintile. … 

“Net [Income] Effects of … House Budget Resolution, 2026 [by] … Income Group … 

“Bottom Quintile … -$1,125 … 

“Second Quintile … -$430 … 

“Top 10% … $10,085 … 

“Top 5% … $16,835 … 

“Top 1% … $43,500 … 

“Top 0.1% … $180,910”

REMINDER: After promising the ultra-wealthy more tax handouts during the campaign, Trump is rigging the economy for his billionaire backers at the expense of working people — just like he did during his first term. 

Trump: “You’re all people that have a lot of money. … You’re rich as hell. … We’re gonna give you tax cuts.”

Trump: “I will never let the Trump tax cuts … be taken away.”

Vanity Fair: “Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term”

Washington Post: “For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year”

Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”

Economic Policy Institute: “The TCJA overwhelmingly benefited the rich and corporations while overlooking working families”

Bureau of Labor Statistics: “When Trump left office, there were over 170,000 fewer manufacturing jobs than when he started.”

CNN: “Trump told GM workers he could save their plant, but it’s gone for good” 

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