CLAIM: At his first State of Union address, President Joe Biden claimed that Donald Trump’s 2017 tax cut only benefited the top one percent of earners.
“And unlike the $2 Trillion tax cut passed in the previous administration that benefitted the top 1 percent of Americans, the American Rescue Plan helped working people—and left no one behind,” Biden said.
Verdict: False.
The beneficiaries of the 2017 tax reforms were not confined to the top earners. In fact, the overwhelming majority of American taxpayers received a tax cut through the Trump…
