Republicans Think Tax Breaks from Trump Are Worth Giving Up Their Values
Republicans who support Trump use ideology as a cover for something much more base: they make more money under him than they would under a Democratic president. The Trump administration's tax breaks for the wealthy have convinced even conservative Christians that the end validates the means.
Dec 4, 2020
Some Republicans came up with ideological cover for why they voted for Trump. The reality, however, is that many voted with their wallets.
Under Trump's tax plan, the wealthiest Americans overwhelmingly paid less in taxes. “Most of the tax cut went to businesses and higher income individuals who are less likely to spend the increases," according to one report.
The wealthiest 20% of households saw their income increase by nearly 3% under Trump's tax cuts. Especially for those with incomes in the six-figures or higher, 3% is huge.
The New York Times went so far as to call Trump's tax plan a "windfall" for wealthy Americans—including Trump himself. While the plan saved money for many Americans, it disproportionately affected the top percentage of earners.
Some said the plan was legitimately good for businesses. “You’re going to get a boost in investment,” William Gale, co-director of the nonpartisan Tax Policy Center, told NYT. “It’s hard to argue that there won’t be a positive effect.”
Underneath the guise of supporting Trump for ideological reasons, some fiscal Conservatives may have voted for him for these tax cuts alone.
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