On the recordJuly 31, 2018
on another subject, taxes, President Trump and congressional Republicans promised working America the Moon and the stars with their tax bill. President Trump said that it would create ``a middle-class miracle'' and that everyone would get a $4,000 raise. Remember that? President Trump promised the American people that these tax cuts for the wealthy would trickle down--or torrent down--and everyone would get a $4,000 raise. If we asked Americans from one end of the country to the other to tell us by raising their hands how many of them got a $4,000 raise, maybe the top 1 percent would--maybe the top 2 percent--but not most Americans. Wages are virtually stagnant. The promises the President made have not materialized. And when we measure wages against costs of everyday living--in other words, buying power, how much of a raise you get versus how much things cost--the Bureau of Labor Statistics found that year over year, hourly earnings have dropped by 1 percent. In other words, the American consumer--the average middle-class person, even with this tax cut--has less buying power today than they had last year. President Trump and Republicans promised a $4,000 raise, but average hourly earnings' buying power--the ability to live a decent life--for far too many Americans has gone down. Talk about a sleight of hand. Talk about an exaggerated--if not dishonest--promise. There it is.…





