Mike Lee

Trump promises massive tax cut but the poor would get little

President Donald Trump promised Americans "the largest tax cut in our country's history." But for low-income households, Trump's plan would amount to crumbs.

The poorest would get an average tax cut of about $60 a year, according to an analysis by the Tax Policy Center. Middle-income families would get about $300 on average.

"There's no significant benefit for low-income families," said Elaine Maag, a senior research associate at the Tax Policy Center. "It's important because when low-income families get money they tend to spend it, putting it right back into the economy. High-income families tend to save it."

Republicans have backed a...

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