Under George W. Bush, the household income gains were a little over $400 in eight years, and under Barack Obama the gains were $1,043. That was in eight years for each. Under Trump, in less than three years, the extra income is about three times larger.
The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
The tax cut also added an additional $2,500 to a typical family of four’s after-tax incomes. So after taking account of taxes owed, the income of most middle-class families is up closer to $6,000 in the Trump era.
Memo to Pelosi: That ain’t crumbs.
Memo to Pelosi: That ain’t crumbs.
