Trump Tax Law Gives Corporations Billions While Americans Pay More

While big pharma made billions from the Trump tax law, many Americans had to pay more. Here’s all you need to know:


Four pharma companies alone saved $7 BILLION from the Trump tax law.


Axios: “Four pharmaceutical companies — Johnson & Johnson, Pfizer, Merck and Abbott Laboratories — collectively kept $7 billion in tax savings in 2018 due to Republicans’ 2017 corporate tax overhaul, according to a new Oxfam report.”


Meanwhile, more Americans say it RAISED their taxes than lowered them.


CBS News: “Four in 10 Americans say their taxes haven’t been impacted by the tax law changes that went into effect in 2018. For those who do see a change, more say it has made their taxes higher (32 percent) than lower (25 percent).”


CNBC: “As the annual IRS filing deadline of April 15 approaches, just 17% believe their own taxes will go down, the NBC News/Wall Street Journal Poll found. By contrast, 28% believe they’ll pay more, 27% expect to pay about the same and 28% don’t know enough to say.”