The wire article “Report: Expiring Trump tax cuts will raise taxes $2,521 in Pa.” (May 2) presented misleading data. The 2017 Tax Cuts and Jobs Act does not save the average Pennsylvanian $2,521. The savings are skewed to the wealthiest taxpayers. Eighty-one percent of the savings go to the top 10% and only 19% of the savings go to the other 90%. Continuing the 2017 Tax Cuts and Jobs Act would only result in a 1% gain for households in the bottom 60%.
According to the Center on Budget and Policy Priorities, the lowest fifth of taxpayers would only see a savings of $70. The second lowest fifth would save $390, the middle group $910, the fourth highest fifth $1,680 and the top fifth wealthiest taxpayers $7,460.
With this we continue to see an increase in income inequality, and the savings for most taxpayers most likely will not come close to offsetting rising prices due to President Trump’s tariffs and trade wars.
Megan Zobb
North Huntingdon