Trump allies eye overhauling Medicaid, food stamps in tax legislation

[W_HAMILTON]

8. It wasn't a significant cut when you realize that exemptions were removed as well.

$4,050 per taxpayer, spouse, and dependent.

At the time, standard deduction + exemption for an individual = $10,400 benefit. Trump's tax cuts upped the standard deduction to $12,000. That's $1,600 reduced taxable income, so when you factor in tax rates, that's basically like $160 to $320 actual dollars back in your pocket, net benefit, for most taxpayers.

Pretty damn skimpy given the obscene amounts that the wealthy benefited from Trump's tax cuts, not to mention now we are going to have cuts to programs tens of millions of Americans use to help pay for the deficits caused by Trump's tax cuts for the wealthy.