Mr. President, since Republicans passed this landmark bill last summer, we've heard Democrats typical refrain that this bill was just tax cuts for billionaires. That's laughable. It really is. The largest proportional benefits from this bill went to Americans earning less than $50,000 a year. The increased standard deduction from this bill is something that was claimed by more than 100 million Americans this year to reduce and to simplify their taxes. (05:01–05:09)
CLAIM
Asserts that the largest proportional benefits from the tax cuts went to those earning under $50,000 annually.
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