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Matt Cartwright: “86% of those tax cuts [from 2017] benefited the top 1% and…”

Featuring: Matt Cartwright, Democratic | Former U.S. House, Pennsylvania, District 8

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The Volpe Report - Sunday Feb 26, 2023 - US Rep. Matt Cartwright

Published | Video Starts at 12:28

A big part of the national debt that exists today and it's over $30 trillion right now. A big part of benefit came about after 2017 when we had these massive tax cuts for corporations. And 86% of those tax cuts [from 2017] benefited the top 1% and big American corporations. And I think a reasonable approach would be to retrench on those a little bit. You know, take some of that back. You know, when Eisenhower was the president, the top marginal tax rate was 95%. (12:28–12:36)

CLAIM

Asserts that 86% of the 2017 tax cuts benefited the top 1% and large corporations.

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