The biggest benefits, though, go to the top 1 percent, who are projected to receive an average tax break of $62,000 in 2018, while the middle one-fifth of income earners got an average tax cut … Business tax cuts are permanent, while the individual cuts expire in 2025. After his first question from the audience, Sanders argued that President Donald Trump "said he'd have a tax plan to benefit the middle class, but 83% of the benefits go to the 1%." The tax cuts also succeeded in targeting benefits at the middle class.   The analysis comes two years after President Donald Trump enacted the Tax Cuts and Jobs Act, a major overhaul in the nation's tax laws billed by the White House as a … Part of the increase can be attributed to a boost after President Trump's Tax Cuts and Jobs Act went into effect. This equates to $104,000 per year for a salaried employee. Ever since Congressional Republicans passed the Tax Cuts and Jobs Act (TCJA) in 2017, the left has sought to portray the tax cuts as a bad deal for the middle class. But not everyone has benefited equally, the Journal reports. Whether the Tax Cuts and Jobs Act (TCJA) disproportionately helped the rich may be 2020’s biggest political issue. For example, the nation's largest private employer, Walmart, said it would raise wages. But not everyone has benefited equally, the Journal reports. It also said it would use the money saved by the tax cuts to give $1,000 bonuses and increase benefits. Claim: With the Trump tax law, "70 percent of the benefits went to the wealthiest 1 percent." Part of the increase can be attributed to a boost after President Trump's Tax Cuts and Jobs Act went into effect. Despite lower refunds, the bigger picture is that most Americans will see greater tax benefits in 2018. The Tax Cuts and Jobs Act of 2017 (TCJA), passed by President Trump and congressional Republicans, was the biggest reform of the U.S. tax code since 1986. The payroll tax cut applies to individual employees who earn less than $4,000, before taxes, during any bi-weekly paycheck period. Taxpayers reporting between $40,000 and $50,000 per year had the largest percentage tax cut of any group, with a 14.5% tax cut. The wealthy will see greater benefits than most Americans. “The parts of the Trump tax cuts that really benefit the rich are not the personal-income-tax cuts but the corporate-income-tax cuts and estate-tax cuts,” according to Wamhoff. Middle income households may expect an average tax cut of $1,000, according to Howard Gleckman, a senior fellow at the Tax Policy Center, a non-partisan think tank. But that could help employees. Especially when there’s worry of a potential recession . The Trump administration’s tax cuts for the wealthy highlight the fact that policy is moving in the wrong direction. In December 2017, Congress cut government revenues by passing a $1.5 trillion tax cut. Claim: "83 percent of that tax cut goes to the top 1 percent, the richest people in this country." President Donald Trump pitched the Tax Cuts and Jobs Act 2017 as an economy-boosting tax cut to benefit the middle and working classes that would pay for itself. The TCJA lowered income tax rates, especially for higher-income Americans, and it lowered the corporate tax … After his first question from the audience, Sanders argued that President Donald Trump "said he'd have a tax plan to benefit the middle class, but 83% of the benefits go to the 1%." The analysis comes two years after President Donald Trump enacted the Tax Cuts and Jobs Act, a major overhaul in the nation's tax laws billed by the White House as a …