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Tax Day is a Great Day for the Rich Thanks to Trump
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4/15/2026, 11:16 PM
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It’s Tax Day—the last day to file your taxes or request an extension. But it’s also a huge day for the wealthiest Americans thanks to President Trump. Because due to Trump and Republicans’ “big, beautiful bill,” tax rates for the richest Americans have been permanently lowered. The top 1% of Americans are set to receive $117 billion in tax cuts in 2026, or about $66,000 on average. That’s more than what the entire bottom 60% of taxpayers (earning ~$119k or less) will receive combined. Meanwhile, these tax cuts are paid for by adding $3.4 trillion to the national debt and cutting $1.1 trillion from Medicaid and SNAP. Tax cuts for the rich in exchange for trillions more in debt and cuts to health care and food assistance—that’s what Trump and Republicans stand for.
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