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Trump's Tax Cuts Yield Minimal Benefits for Working Class

4/9/2026

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Summary

Story summary

A recent analysis finds U.S. President Donald Trump’s first-term tax cuts provided minimal benefits to the working class.
The Treasury reported an average tax cut of $3,750 per filer and a wage increase of $7,200, but gains were not universal.
Public reaction shows dissatisfaction, with NBC News reporter Shannon Pettypiece noting that higher costs offset benefits and that new restrictions on assistance programs worsen finances.

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Story summary

A recent analysis finds U.S. President Donald Trump’s first-term tax cuts provided minimal benefits to the working class.
The Treasury reported an average tax cut of $3,750 per filer and a wage increase of $7,200, but gains were not universal.
Public reaction shows dissatisfaction, with NBC News reporter Shannon Pettypiece noting that higher costs offset benefits and that new restrictions on assistance programs worsen finances.