Donald Trump’s sweeping tax cuts from his first term had little positive effect on the working-class, with a political analyst highlighting people may be worse off than before.
The Treasury claims an average tax cut of $3,750 per filer, and notes a higher wage per American worker of $7,200. Department of the Treasury Secretary Scott Bessent said, “We want Americans to see exactly how President Trump’s policies will strengthen small businesses, allow workers to keep more of their hard-earned money and spur economic growth.”
But analysis from NBC News reporter Shannon Pettypiece found that tax cuts were actually favorable for the higher tax brackets, rather than those on lower incomes.
“For those who are getting a larger tax refund, some workers said the gains were offset by higher costs elsewhere, like gas, groceries and health care,” Pettypiece wrote. “Others are at risk of losing food assistance and health insurance benefits from new restrictions Trump and Congress included in the tax law to offset some of the lost federal revenue from the tax cuts.”
Comments from members of the public affected by the tax cuts were also shared by the outlet. Jeff from Pennsylvania said, “My taxes have gone up and up. The only ones getting tax breaks are the millionaires.”
Jeremy from Missouri added, “Not much is going well, we are able to pay our bills, but usually just the minimum payments. Tax season does help out with big purchases, but those purchases are limited now.”
Others felt the tax break effect had not been felt at all as their savings were taken up by the cost of living crisis and impact of the war with Iran.
“The Trump tax breaks helped us save on federal tax for 2025,” Jane from Minnesota said, “but those savings are now being eaten up by increased gas and grocery prices, property taxes, and insurance.”
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