{"id":1004175,"date":"2019-04-10T12:50:22","date_gmt":"2019-04-10T16:50:22","guid":{"rendered":"https:\/\/democrats.org\/?p=1004175"},"modified":"2024-05-23T20:04:09","modified_gmt":"2024-05-23T20:04:09","slug":"trump-tax-law-gives-corporations-billions-while-americans-pay-more","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-tax-law-gives-corporations-billions-while-americans-pay-more\/","title":{"rendered":"Trump Tax Law Gives Corporations Billions While Americans Pay More"},"content":{"rendered":"<p dir=\"ltr\">While big pharma made billions from the Trump tax law, many Americans had to pay more. Here\u2019s all you need to know:<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\">Four pharma companies alone saved $7 BILLION from the Trump tax law.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.axios.com\/oxfam-drug-companies-tax-savings-01da5e2f-5af8-4990-9863-32d1df5d4eaa.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.axios.com\/oxfam-drug-companies-tax-savings-01da5e2f-5af8-4990-9863-32d1df5d4eaa.html&amp;source=gmail&amp;ust=1555512471717000&amp;usg=AFQjCNGaP27uwhmTzggSdvxeb-Kk1sjm8Q\">Axios<\/a>: \u201cFour pharmaceutical companies \u2014 Johnson &amp; Johnson, Pfizer, Merck and Abbott Laboratories \u2014 collectively kept $7 billion in tax savings in 2018 due to Republicans&#8217; 2017 corporate tax overhaul, according to a new Oxfam report.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\">Meanwhile, more Americans say it RAISED their taxes than lowered them.<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.cbsnews.com\/news\/2019-taxes-most-say-new-tax-law-helps-corporations-and-the-wealthy-not-middle-class-cbs-news-poll-finds\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.cbsnews.com\/news\/2019-taxes-most-say-new-tax-law-helps-corporations-and-the-wealthy-not-middle-class-cbs-news-poll-finds\/&amp;source=gmail&amp;ust=1555512471717000&amp;usg=AFQjCNHsdh-OumuWVd5KHCR7XOBe_0hymg\">CBS News<\/a>: \u201cFour in 10 Americans say their taxes haven&#8217;t been impacted by the tax law changes that went into effect in 2018. For those who do see a change, more say it has made their taxes higher (32 percent) than lower (25 percent).\u201d<\/p>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.cnbc.com\/2019\/04\/05\/few-americans-think-theyre-getting-a-trump-tax-cut-nbcwsj-poll.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.cnbc.com\/2019\/04\/05\/few-americans-think-theyre-getting-a-trump-tax-cut-nbcwsj-poll.html&amp;source=gmail&amp;ust=1555512471717000&amp;usg=AFQjCNHEQlDGLQcNAVWVfHymvc-kSUw8PA\">CNBC<\/a>: \u201cAs the annual IRS filing deadline of April 15 approaches, just 17% believe their own taxes will go down, the NBC News\/Wall Street Journal Poll found. By contrast, 28% believe they\u2019ll pay more, 27% expect to pay about the same and 28% don\u2019t know enough to say.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While big pharma made billions from the Trump tax law, many Americans had to pay more. Here\u2019s all you need to know: &nbsp; Four pharma companies alone saved $7 BILLION from the Trump tax law. &nbsp; Axios: \u201cFour pharmaceutical companies \u2014 Johnson &amp; Johnson, Pfizer, Merck and Abbott Laboratories \u2014 collectively kept $7 billion in [&hellip;]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1004175","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Tax Law Gives Corporations Billions While Americans Pay More - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trump-tax-law-gives-corporations-billions-while-americans-pay-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-10T16:50:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T20:04:09+00:00\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-tax-law-gives-corporations-billions-while-americans-pay-more\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-tax-law-gives-corporations-billions-while-americans-pay-more\/\",\"name\":\"Trump Tax Law Gives Corporations Billions While Americans Pay More - 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