President Joe Biden is right. The massive tax cuts under the Trump administration turned out to be nothing more than a giant giveaway to the world’s largest corporations.
Mega corporations like FedEx, Nike, General Motors, Ford, Chevron and dozens of others have paid nothing or almost nothing in federal taxes, while raking in billions of dollars.
At the same time, the Trump tax handouts have worsened our national debt and harmed our economy. In all, the cuts cost our nation roughly $2.3 trillion and deepened the federal deficit by $2 trillion.