The Trump-GOP Tax Scam and How it Impacts You

In 2017, House Republicans passed a massive tax package, signed by president donald trump, that primarily delivered tax cuts to the wealthy and corporations, but did next to nothing for working Arizonans. However, many of the trump-GOP Tax scam’s provisions are set to expire after 2025.

 

The Trump-GOP Tax Scam Helped Wealthy Individuals – And Did Little for Anyone Else

The Trump-GOP Tax Scam gave tax cuts to the wealthiest and did next to nothing for those who needed help the most. In Arizona, that meant that the richest 1 percent of Arizonans got 29 percent of the tax cuts from the law, while the poorest 20 percent of Arizonans got just 1 percent.

  • The Trump-GOP Tax Scam was also a major boon to corporations. The law slashed the corporate tax rate from 35 percent to 21 percent and many companies have even been paying significantly less than that. Since passage of the law, the largest profitable companies in this country are paying an average effective federal income tax rate of 12.8 percent.

  • When the Trump-GOP Tax Scam was passed, many of its provisions were enacted to be temporary. That means that after 2025, certain provisions expire. Those provisions disproportionately help the wealthy. Congress will decide to – either let tax cuts for the rich expire and build a fairer tax system, or keep policies that do little for working families while continuing to help those at the top.

  • Making the expiring provisions of the Trump-GOP Tax Scam permanent would further this tax inequality. The top 1 percent of Arizonans would get a nearly $42,000 tax cut in 2026 if these provisions are made permanent, while the poorest 20 percent of Arizonans wouldn’t get a tax cut at all.

  • Instead of continuing with a tax code that prioritizes the wealthy and major corporations, it is possible to achieve a system in this country that seeks to help families struggling to get by. Extending the 2017 tax law would hurt Arizona families.

 

What’s next for the Trump-GOP Tax Scam in 2025?

Congressional Republicans are prioritizing extending the Trump-GOP Tax Scam policies and giving more tax cuts to billionaires and corporations. 

In order to pay for further tax cuts for billionaires and corporations, they have proposed cuts to programs families and working Arizonans depend on like.

  • SNAP

  • Medicaid

  • ACA Premium Tax Credits

  • Housing Assistance

  • Education

If Congress makes massive cuts to fund more tax breaks for the ultra-wealthy and big business, Arizona will see…

 

“I think it’s very unfair that there are millionaires and billionaires who can pay zero taxes on their earnings. There are corporations, big corporations that made billions of dollars worth of profits and still pay zero taxes. I don’t understand that. How can that happen? How is that fair to the middle class?”

Linda Somo, Retired Teacher from Fountain Hills

 
 

Arizonans Don’t Want More Tax Breaks for the Ultra-Wealthy

 
 

“Congressmen Schweikert and Ciscomani are supposed to be looking out for Arizonans, not billionaires, but their votes for massive tax breaks benefit those at the very top while Arizonans lose access to health care.”

Ramona Hensrude, Tucson Resident

 
 

Share Your Story With Us!

We’re interested in hearing from you: Do you want to demand that corporations pay their fair share? If so, please share your story.

 

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