AzStarNet
Oct 7, 2:47 AM EDT

Poor Americans don't fare well under Trump's tax cut plan


AP Photo
AP Photo/Michael Conroy

WASHINGTON (AP) -- Low-income households in the United States may not see much from President Donald Trump's proposed tax cut.

While Trump calls it the largest tax cut in the country's history, the return for the poorest Americans would amount to about $60 a year.

The analysis by the Tax Policy Center also finds that the average middle-income family would get about $300.

The center's analysis says most of the Trump tax cuts would go to the wealthiest Americans. Families making about $700,000 a year, the top 1 percent, would get an average tax cut of $129,000.

Do tax cuts put money back into the economy? A senior research associate at the Tax Policy Center, Elaine Maag, says low-income families tend to spend the money they get while high-income families save it.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.