IRS data proves Trump tax cuts benefited middle, working-class Americans most
A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)

That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.

What’s more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.
https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most/

The most expensive gas in the US is at this California station at nearly $10 a gallon: Gas Buddy
Tuesday, June 7, 2022
If you think gas prices are bad here in the Central Valley, be glad you're not filling up in the Northern California community of Mendocino.
Schlafer's Auto Repair is selling regular gas for $9.60 for a gallon.
But that's not the worst part, if your car requires plus then you'll have to shell out $9.69 and if you need supreme, well, get ready to pay $9.91 for just a gallon of gas.
https://abc30.com/california-gas-10-dollars-a-gallon-highest-prices-in-country-mendocino/11932601

Federal Revenue Continues to Soar with Trump Tax Cuts, CBO Report Shows
Tax cuts signed into law in 2017 by then-President Donald Trump have raised revenues for the federal government over the last five years, despite concerns among Democrats and other critics that the cuts would be a fiscal nightmare only benefiting the rich.
The government collected a record $4.9 trillion in revenue last year, according to the latest report from the Congressional Budget Office, a nonpartisan federal agency.
That's nearly $500 billion higher than what the CBO had projected.

Receipts from corporate income taxes, meanwhile, were $425 billion, exceeding CBO's projection by 25%, while receipts from individual income taxes were $2.6 trillion, exceeding CBO's projection by 11%.
Federal revenues are now up about $1.5 trillion, or roughly 40% since the Trump tax cuts went into effect at the beginning of 2018. By comparison, the cuts were initially estimated to cost the government $1 trillion, according to the Joint Committee on Taxation.

"We have higher tax revenue right now than we've ever had in the history of the country," Rep. Austin Scott (R-Ga.) told the John Solomon Reports podcast. "Think about that: Everything we've been through — COVID, inflation, all of the challenges of the last 36 months that our country has had — we have higher tax revenues than we have ever had in the history of the country."
Trump signed the Republican-backed Tax Cuts and Jobs Act into law in December 2017. The legislation simplified tax filing for many families and lowered the tax rates paid by most filers. It also cut business taxes, including lowering the corporate income tax rate from 35% to 21%.

Democrats and experts from left-leaning organizations blasted the tax cuts as a ploy to benefit the rich exclusively in a move that would cause deficits to soar.

"Last time Republicans held the majority, they enacted a $2 trillion tax scam that funneled massive windfalls to the biggest corporations and wealthiest families — which increased the deficit because the GOP did not provide offsets," Rep. Nancy Pelosi (D-Calif.) said Monday in a press release, echoing a common talking point of hers.
President Biden has similarly said "all" of the tax cut benefits "went to folks at the top and corporations," a claim deemed "false" by the Washington Post's fact-checker. Biden's White House has also claimed the Trump tax cuts would add trillions to deficits over the next decade due to less revenue.

However, beyond raising revenues, the Tax Cuts and Jobs Act lowered taxes for all income groups, particularly the middle class, according to studies and government data.

Americans with adjusted gross income (AGI) between $50,000 and $74,999 saw a 15.2% reduction in average tax liabilities between 2017 and 2019, the year of the agency's most recent available data, according to an analysis by Americans for Tax Reform. During that same period, Americans with AGI of between $75,000 and $99,999 saw a 15.6% reduction in average federal tax liability.

In 2018, middle- and working-class Americans received tax cuts of between 11% and 88%, at least double that of wealthier taxpayers, according to an analysis of IRS income tax data by the Heartland Institute. Those earning between $500,000 and $1 million received single-digit cuts, and those reporting an AGI of between $5 million and $10 million paid just 3.5% less in taxes.

"It is the working class who have made the biggest gains under the Tax Cuts and Jobs Act," Rep. Jason Smith (R-Mo.), the new chair of the powerful House Ways and Means Committee, said in December to mark the five-year anniversary of the Trump tax cuts. "Not only did working families get to keep more of their paycheck, but their paychecks grew the fastest compared to every other income group."

Before the economic devastation caused by the COVID-19 pandemic, household incomes were rising at historic rates in the aftermath of the tax cuts.

Real median household incomes grew by more than $5,000 in 2018 and 2019 alone. By contrast, according to the Heritage Foundation, real median household income grew by a total of $7,600, or about $250 per year, in the 30 years prior to 2017.

Meanwhile, business investment increases spiked by the end of 2019 by 9.4% compared to the pre-tax cut trend, according to Tyler Goodspeed and Kevin Hassett, who served as acting chairman and chairman, respectively, of the Council of Economic Advisers in the Trump administration. For corporations, real investment was up by as much as 14.2% That finding echoes a 2021 report from the Heritage Foundation outlining major growth in wages and investment following the tax cuts.

Scott chided Democrats for arguing higher tax rates mean higher government revenue, noting Trump's individual tax cuts are set to expire in 2025 and warning there will be reduced federal revenue if that's allowed to happen. Republicans have called for extending the provisions but will likely face stiff resistance from Democrats.

"One of our real challenges is getting those tax rates that have spurred this economic growth extended," said Scott. "Again, we've got higher tax revenue than we've ever had in the history of the country. We don't have a tax rate problem; we have a spending problem."

The CBO estimated on Tuesday that the federal deficit increased to $418 billion in the first quarter of fiscal 2023 — $41 billion more than the first quarter of the previous fiscal year when COVID-19 was still a prominent issue in daily life for many Americans.
While the CBO was substantially off with its revenue estimates for last year, the agency may hit closer to the mark this year.
"The report tells us less about the impact of tax changes dating to 2018 and more about CBO underestimating the speed of the recovery from the 2020 downturn and the revenue consequences of undoing the emergency fiscal response," said Douglas Holtz-Eakin, president of the American Action Forum. "With those two anomalies in the rearview mirror, CBO will likely be much closer to the mark in fiscal 2023."
https://austinscott.house.gov/2023/1/just-the-news-federal-revenue-continues-to-soar-with-trump-tax-cuts-cbo-report-shows

So, a Republican representative takes real CBO data - and spins it. I don't doubt the data but saying it's all because of the 2017 tax cut is a stretch! I'm no economist, but you don't need to be one to use your own mind & available info to figure this one out:

Corporate profits have freaking soared in the last two years of this "terrible" Biden economy. That's a fact.

https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits

Steel Dynamics (steel producer), Amazon, Albertson's, Chevron, Apple...you name it, they have been raking it in. So, 𝒅𝒖𝒉, revenues are indeed higher! The real question should be this: "How much more would we have taken in if Trump hadn't 𝒍𝒐𝒘𝒆𝒓𝒆𝒅 𝒕𝒉𝒆 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒆 𝒕𝒂𝒙 𝒓𝒂𝒕𝒆." Hmm? I'm guessing the answer is in the Billions. These companies sure as heck didn't reinvest all that savings into their companies - what they mostly did was give it to stockholders, gave their CEOs gimongous Dollars, and pursued aggressive stock buy-back programs.

Instead of just copy&paste articles that agree with your dogma, how about simply applying some basic thinking & understanding of economics?

AllSides Media Bias Rating™: Lean Left
Sources with an AllSides Media Bias Rating of Lean Left display media bias in ways that moderately align with liberal, progressive, or left-wing thought and/or policy agendas. A Lean Left bias is a moderately liberal rating on the political spectrum.

Your "guessing the answer is" basically liberal BS.
Wages are NOT keeping up with Biden's inflation crisis. Real wages are down over 5 percent since President Biden entered the Oval Office.
Since President Biden took office, the average worker has lost over $4,900 in real wages.

Gross Domestic Product (Second Estimate) Corporate Profits
https://www.bea.gov/news/2023/gross-domestic-product-second-estimate-corporate-profits-preliminary-estimate-third

1) "According to our February 2020 and May 2022 AllSides Blind Bias Surveys, our audience agreed with The Hill's Center bias rating, but people on the political right see The Hill as deserving of a Lean Left bias rating." What's weird is that 𝒚𝒐𝒖 are the one who posted The Hill as your source!

https://www.allsides.com/news-source/hill-media-bias#:~:text=According%20to%20our%20February%202020,a%20Lean%20Left%20bias%20rating.

2) You don't have to be a math whiz, or even a Trump supporter, to realize that the IRS would take in much more money at 31% than at 21%. So, "Liberal BS"? Hardly. How about "common sense"?

3) And sorry, you are just plain wrong. Wages are, in fact, outpacing inflation. Moreover, Trump would have faced 𝒕𝒉𝒆 𝒆𝒙𝒂𝒄𝒕 𝒔𝒂𝒎𝒆 𝒊𝒏𝒇𝒍𝒂𝒕𝒊𝒐𝒏𝒂𝒓𝒚 𝒄𝒓𝒂𝒑 after the pandemic, had he remained in office, just like the rest of the world. 𝑻𝒆𝒍𝒍 𝒖𝒔 𝒂𝒍𝒍 𝒘𝒉𝒂𝒕 𝒉𝒆 𝒘𝒐𝒖𝒍𝒅 𝒉𝒂𝒗𝒆 𝒅𝒐𝒏𝒆 𝒕𝒐 𝒑𝒓𝒆𝒗𝒆𝒏𝒕 𝒊𝒕! Can't wait for your expert opinion and I wait the bated breath.
Read 𝑯𝒆𝒓𝒆:

https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/

Or 𝑯𝒆𝒓𝒆:

"Surprise: Wage growth has actually outpaced the crushing inflation over the past 2.5 years. ‘The economy appears to be doing better than a lot of people might realize."

https://fortune.com/2023/12/12/wage-growth-exceeded-inflation-jec-democrats/

Or 𝑯𝒆𝒓𝒆, in that old left-wing publication, the 𝑾𝒂𝒍𝒍 𝑺𝒕𝒓𝒆𝒆𝒕 𝑱𝒐𝒖𝒓𝒏𝒂𝒍:

https://www.wsj.com/articles/pay-raises-are-finally-beating-inflation-after-two-years-of-falling-behind-3e89bc2r

Or, finally, 𝑯𝒆𝒓𝒆:

https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households#:~:text=Real%20wages%20have%20risen%20since,in%20the%20pre%2Dpandemic%20expansion.

IMO, you simply do not know what you're talking about but pretend that you do. The bea.gov stats you quote do not even disagree with my data, so it appears you didn't actually read what you posted. If I missed something in that bea.gov link about "real wages down 5%" then educate me, I've been wrong before and probably will again.
This is Dunning Krueger Effect at work: you don't know enough about the subject to know how wrong you are.