September 26, 2025
The 2025 extension of Trump’s tax cuts mostly helps wealthy Americans and big businesses, locking in big breaks for folks making over $450,000 a year and corporations. Regular families get some relief with bigger standard deductions and a bump in child tax credits, but many low-income Americans see cuts in programs like Medicaid and food assistance and they may pay more out of pocket.
Some lawmakers, especially those with investments in real estate and businesses (and their donors) benefit directly from the cuts, raising concerns that the whole thing’s designed to line pockets rather than help average people. The bill also makes it easier for the super-rich to dodge estate taxes when passing down wealth, widening the gap between the rich and everyone else.
In the end, while it’s sold as a win for everyone, the real winners are the wealthy and politically connected—the rest get the leftovers and foot the bill.
SOURCES
https://taxpolicycenter.org/features/2025-tax-cuts-tracker
https://www.cnbc.com/2025/03/03/who-benefits-from-trump-tax-cuts-and-jobs-act-extension.html
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