As Republicans tout Trump's 'big beautiful bill,' here's who the tax breaks benefited most

President Donald Trump's tax legislation reduced rates across income brackets. According to Treasury Department analysis, households earning over $1 million annually received an average tax cut of $69,000, while households earning between $50,000 and $75,000 received an average cut of $800. The law also lowered the corporate tax rate from 35 percent to 21 percent. Republicans cited economic growth and job creation as benefits of the legislation, while Democrats argued the cuts disproportionately favored high earners and corporations.

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