Hes pledged to both continue and expand the cuts if elected president.
The benefits did not trickle down to most Americans.
The data is in, and we see no evidence of that.
Former President Donald Trump speaks at Trump National Golf Club Los Angeles on September 13, 2024.Mario Tama/Getty Images
Any wage gains went to executives and the highest paid workers.
It allowed wealthy shareholders, executives, and the highest-paid workers to reap the largest rewards.
This was certainly true for thebillionairesin the room.
Each spent heavily to get Trump into office the first time around and are once again backing his play.
As billionaires, Trumps team are among the leading beneficiaries of the economic policies that they put into place.
ExxonMobils top executives received $375 million over those five years.
While Exxons median employee compensation rose by just 6.2 percent, Woods salary rose by a whopping 44 percent.
Tesla CEOElon Muskis leading a Super PACthatspoured $57 millioninto the presidential race.
The Club for Growths Super PAC arm has been heavily financed by billionaires includingRichard UihleinandJeff Yass.
According to ProPublica, the provision promptly delivered Uihleins family a $118 million deduction.
(Uihlein is separately funding a Super PAC that has spent$15 millionboosting Trumps presidential campaign.)
Trump is obliging his backers.
Companies with the biggest bonanzas included Chevron, Halliburton, Occidental, Pioneer, and Duke Energy.
Harris has proposeda different economic path.
Corporate taxes would increase from 21 percent to 28 percent and companies would pay higher taxes on foreign profits.
Harris intends to implement most of the tax policies put forward inPresident Joe Bidens most recent budget.
Our tax code is an opportunity to advance economic justice, said Rice.
Theres a lot on the line in November.
