Thread by @aaronsojourner

In 2020, #TCJA will generate more $ benefit to foreign investors ($38.3 billion) than to the the least well-off half of Americans (1.9 + 12.4 + 0.5*24.4 billion).

Lots of analysis @Schieder_ @iteptweets, including at the state level.
itep.org/tcja-2020/

@Schieder_ @iteptweets In 2020, #TCJA will generate 8.4x more benefit for the richest 20% of American families than for the middle 20% of American families
#priorities

@Schieder_ @iteptweets #TCJA's estate tax cut generates benefits only for families in the richest 1%.

The 1%'s estate-tax benefit alone exceeds all benefits to average families at every income level outside the richest 5% of families.

#TCJA benefited the 1% 8.4x their estate-tax benefit.
#priorities

@Schieder_ @iteptweets Rather than concentrating benefits among the richest Americans (dark red) & foreign investors (gold), we could have tax changes that benefit Americans broadly & at lower cost. See earlier @iteptweets analysis of #TCJA vs 5 alternatives
#priorities
itep.org/taxcreditpropo…