Patti Adair Supported The One Big Beautiful Bill’s Billions In Tax Breaks To The Ultra-Wealthy At The Expense Of Working Americans

October 2017: Adair Supported Trump’s Corporate Tax Cuts That Mostly Benefited “Already Wealthy Individuals”

October 2017: Adair Supported Trump’s Corporate Tax Cuts. Adair quote-tweeted a post from The Heritage Foundation that linked to an article from the Washington Times advocating in favor of Trump’s corporate tax cuts. “Time for a tax cut. Working Americans deserve to keep more of their hard earned $$$.” [Patti Jean Adair, Twitter, 10/4/17]

Image: see original report, p. 7

[Patti Jean Adair, Twitter, 10/4/17]

2017: Washington Post: Trump Passed A “Significant Tax Break For The Very Wealthy” And “A Massive Tax Cut For Corporations.” “A new tax cut for the rich: The final plan lowers the top tax rate for top earners. Under current law, the highest rate is 39.6 percent for married couples earning over $470,700. The GOP bill would drop that to 37 percent and raise the threshold at which that top rate kicks in, to $500,000 for individuals and $600,000 for married couples. This amounts to a significant tax break for the very wealthy, a departure from repeated claims by Trump and his top officials that the bill would not benefit the rich. […] A massive tax cut for corporations ‘A massive tax cut for corporations: Starting on Jan. 1, 2018, big businesses’ tax rate would fall from 35 percent to just 21 percent, the largest one-time rate cut in U.S. history for the nation’s largest companies.’” [Washington Post, 12/15/17]

Trump’s Tax Cuts And Jobs Act Slashed Corporate Tax Rates From 35% To 21%. “The TCJA slashed the corporate rate by 40 percent, from 35 percent to 21 percent. But the falloff in corporate revenue has been even sharper than expected.” [Center for American Progress, 12/19/19]

Center For American Progress: The Tax Cuts And Jobs Act’s Large Corporate Tax Windfalls Mostly Went Toward “Lining The Pockets Of Already Wealthy Individuals.” “So far, the large corporate tax windfalls have gone mostly toward lining the pockets of already wealthy individuals, and there is little evidence that middle- and working-class families will see real benefits.” [Center for American Progress, 12/19/19]

The One Big Beautiful Bill Extended Trump’s 2017 Tax Cuts And Granted More Than $1.5 Trillion In Tax Cuts To The Wealthiest Americans

Center For American Progress: In Addition To Extending The 2017 Tax Breaks, The One Big Beautiful Bill Added “Additional Loopholes” That Skewed The Tax Code Even More In Favor Of The Ultrawealthy. “The One Big Beautiful Bill Act would issue the largest transfer of wealth from working-class Americans to the ultrawealthy in the nation’s history. […] Not only does this proposal extend the 2017 Tax Cuts and Jobs Act’s tax breaks for the wealthy, but it also adds additional loopholes that skew the tax code even more in favor of the ultrawealthy. Polling demonstrates that Republican voters oppose the bill when they learn that the tax cuts overwhelmingly benefit those who are already rich.” [Center for American Progress, 6/13/25]

Center For American Progress: The One Big Beautiful Bill Gave Millionaires A Larger Tax Cut Than The Bottom Half Of Americans Combined—With More Than $1.5 Trillion In Tax Cuts Going To The Top 5 Percent. “The One Big Beautiful Bill Act would issue the largest transfer of wealth from working-class Americans to the ultrawealthy in the nation’s history. To do so, House Republicans are proposing to cut programs that are essential to people, especially in states that voted for Trump in the last election, in order to pay for tax cuts for the wealthiest Americans. Under this proposal, millionaires would see a larger tax cut than the bottom half of Americans combined—with more than $1.5 trillion in tax cuts going to the top 5 percent. In total, households that make at least $1 million per year would receive roughly twice as much in tax breaks as the bottom 50 percent of the nation combined. Roughly 57 million households in the bottom 60 percent would see a tax increase or a negligible tax change ($100 in either direction) under the House Republican proposal. Not only does this proposal extend the 2017 Tax Cuts and Jobs Act’s tax breaks for the wealthy, but it also adds additional loopholes that skew the tax code even more in favor of the ultrawealthy.” [Center for American Progress, 6/13/25]

CNN: Under The One Big Beautiful Bill, “Low-Income Americans Will Feel The Effect Of Changes To Aid Programs, While The Wealthy Will See Most Of The Windfall From Tax Cuts”

Institute On Taxation And Economic Policy: The House-Passed Reconciliation Bill Would Give The Richest 1% Of Americans $117 Billion In Net Tax Cuts In 2026. “The House of Representatives today narrowly passed a massive tax and spending reconciliation bill that now heads to President Trump’s desk. Please see below for a statement from ITEP and our latest updated analysis of how the bill’s tax provisions will affect families at different income levels nationally and in every state. […] The richest 1 percent of Americans would receive a total of $117 billion in net tax cuts in 2026. The middle 20 percent of taxpayers on the income scale, a group that has 20 times the number of taxpayers as the richest 1 percent, would receive less than half that much, $53 billion in net tax cuts that year.” [Institute on Taxation and Economic Policy, 7/3/24]

CNN: “Low-Income Americans Will Feel The Effect Of Changes To Aid Programs, While The Wealthy Will See Most Of The Windfall From Tax Cuts, According To Multiple Assessments.” “It took intense lobbying from President Donald Trump, an all-nighter, and a vote on a bill for which many people did not yet have a clear grasp of the final changes, but House Republicans got it done this week. They passed their version of the ‘one big, beautiful bill,’ a behemoth that pairs tax cuts with new provisions that will push people off Medicaid and food assistance. Low-income Americans will feel the effect of changes to aid programs, while the wealthy will see most of the windfall from tax cuts, according to multiple assessments.” [CNN, 5/24/25]

House Committee On The Budget Minority: “Everyone In The Bottom Twenty Percent Of The Income Distribution, Or Those Making Less Than $43,000 A Year, Will See A Net Decline In Household Resources.” “CBO analyzed the combined effects of the tax policies and spending reductions and found that working families will experience a net loss in household resources, while the ultra-rich will get richer. Specifically: Families already struggling to make ends meet lose the most. Households in the lowest income decile, making $24,000 a year or less, lose about $1,200 every year, mostly due to deep cuts to Medicaid and food assistance. That amounts to over 3 percent of their total income, a devastating hit for people who can afford it the least. Everyone in the bottom twenty percent of the income distribution, or those making less than $43,000 a year, will see a net decline in household resources. Middle-class families get next to nothing. For those in the 5th and 6th decile, or the middle of the distribution, they will experience a resource gain of only 0.8 to 1 percent. That is barely enough to keep up with rising costs due to President Trump's reckless actions. The ultra-rich get a windfall. Families making over $700,000 a year will see a $13,600 boost, almost entirely from tax cuts. That figure does not even count the massive estate tax giveaways for the ultra-rich.” [House Committee On The Budget Minority, 8/11/25]

Image: see original report, p. 9

[House Committee On The Budget Minority, 8/11/25]

The Hill: “The Republicans’ ‘Big, Beautiful Bill’ Will Make The Poorest Americans Even Poorer, While Padding The Wallets Of The Highest Earners The Most, According To An Analysis Released Monday By Congress’s Budget Arm.” “The Republicans’ ‘big, beautiful bill’ will make the poorest Americans even poorer, while padding the wallets of the highest earners the most, according to an analysis released Monday by Congress’s budget arm. The assessment, conducted by the Congressional Budget Office (CBO) at the request of top Democrats, found that the top 10 percent of earners in the country will see an average boost of $13,600 per year over the next decade as a direct result of provisions in the law, while the bottom 10 percent will see an average annual decrease of $1,200. The report challenges the arguments made by President Trump and other Republicans that the massive domestic policy package would benefit workers at all levels of wealth and income. And it’s given fuel to the attacks from Democrats that the legislation was, all along, designed to help the wealthiest people at the expense of the working poor.” [The Hill, 8/11/25]

• HEADLINE: “Budget Office Says GOP’s ‘Big, Beautiful Bill’ Will Make Rich Richer, Poor Poorer.” [Hill, 8/11/25]