After Trump Tax Cuts, 40% of Americans Can't Afford Basic Necessities
While rich companies like Walmart and Target are enjoying huge profit boosts, most American workers have seen their wages decline over the past several months—a fact that undermines Trump and the GOP's glowing assessment of the U.S. economy (Photo: Noah Berger/Reuters)
Just days after an alarming study by the Urban Institute found that nearly half of the American public can't afford basic necessities like food, healthcare, and housing, new Commerce Department data released on Wednesday showed that corporate profits are soaring to new heights thanks in large part to President Donald Trump's $1.5 trillion tax cuts.