Who is benefiting the most from the Trump administration's tax cuts
Quick Insights
The Bottom Line
President Trump and Republicans highlight new tax cuts and increased deductions on Tax Day.
How This Affects You
Some Americans, facing war and higher gas prices, do not feel they are benefiting much from the new tax law.
AI Summary
President Trump and Republican lawmakers are promoting new tax cuts and increased deductions ahead of Tax Day on Wednesday. This effort aims to convince Americans they are benefiting from the tax law passed last year. However, despite these claims, recent polls indicate many Americans do not perceive significant benefits due to ongoing economic challenges like the war and higher gas prices. Stephanie Sy is discussing these changes with Andrew Duehren of The New York Times to analyze who is truly benefiting most from the administration's tax policies.
Following this story?
Get notified when new coverage appears
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
TechnologyExclusive: Record funding for fusion power lands as Trump eyes cuts
<p>A key government agency will announce on Wednesday a record amount of funding for fusion energy — tapping the power of the stars — even as President Trump seeks to cut other parts of the federal fusion budget.</p><p><strong>Why it matters:</strong> The split-screen approach underscores tensions in the administration's energy strategy — and highlights how federal support is falling short of what the fusion industry says it needs.</p><hr><p><strong>Driving the news</strong>: The Energy Department's Advanced Research Projects Agency (known as ARPA-E) will commit $135 million over the next 18 months to accelerate the development of fusion energy technologies, according to details shared with Axios.</p><ul><li>The funding — the largest single fusion investment in the agency's history — will focus on tackling technical barriers that have kept fusion from reaching commercial scale.</li></ul><p><strong>The big picture</strong>: Fusion is still early in its development, and federal govern...
PoliticsTrump’s ‘DoorDash grandma’ had lobbied for ‘no tax on tips’ policy
<p>Sharon Simmons, photographed delivering McDonald’s to Trump on Monday, lobbied for the ‘no tax on tips’ policy in 2025</p><ul><li><p><a href="https://www.theguardian.com/news/2026/feb/17/sign-up-for-the-breaking-news-us-email-to-get-newsletter-alerts-direct-to-your-inbox?utm_medium=ACQUISITIONS_STANDFIRST&utm_campaign=BN22326&utm_content=signup&utm_term=standfirst&utm_source=GUARDIAN_WEB">Sign up for the Breaking News US email to get newsletter alerts in your inbox</a></p></li></ul><p>The DoorDash delivery driver who had a turn in the national spotlight on Monday by bringing a fast-food order to <a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a> at the White House has publicly touted the president’s so-called “no tax on tips” policy before – causing some to question the encounter’s authenticity and the company to confirm it was a stunt.</p><p>Sharon Simmons had lobbied in July 2025 in favor of the policy, which DoorDash supports, testifying...
Government TransparencyTrump administration's volume of emergency docket appeals 'unprecedented,' Sotomayor says - AP News
<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxQbUJDVjd6Y1JJb2VCeHJaTk1icEI3d0JRQVNEd2FPdGdnaElCRFdKX2J0VlVGMTJmTVJ6UGxxTW1nb09sUXpxelRfQk5tMGZmU2x6ZjJMbkJaSGNxcXNORThBU01CdHIySXJFVkFqRE5QQUh6V2RDVUd1SmRYazNDTllVdkljVHNILTF1T3lBNVhKT2tqOU5FOWUwRWlyNDFUZHJaVzJVbnZ6Zw?oc=5" target="_blank">Trump administration's volume of emergency docket appeals 'unprecedented,' Sotomayor says</a> <font color="#6f6f6f">AP News</font>
PoliticsTrump promised tax relief, but polling shows most Americans still think they’re overpaying - AP News
<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxQckRuckpBNkJlWjNSeEs0U1hUMThCdjZSYnhyOS1VdS1pV3pMOEM4ay02Vm5PZ3VRMmUzZVBqWnBhNmtCc2xTTHpOd05UWFFlQ0NRN0NBODJJRFFURnVXNXRZZDkxY3dOcDlrQzl0cFFZVEZUMGdWVkJpWUNBRDNxVTFPa1l2UXNWczRlS2FsTV9Rby1MZjJ3U2QyOE5nQzU3WVVVYXU2Uzd0V3M?oc=5" target="_blank">Trump promised tax relief, but polling shows most Americans still think they’re overpaying</a> <font color="#6f6f6f">AP News</font>
PoliticsVan Hollen: Trump ‘genocide’ post shows Republican Party is ‘bankrupt’
Sen. Chris Van Hollen (D-Md.) on Wednesday went after the Republican response to President Trump’s recent post threatening Iran in which he stated that “a whole civilization will die.” “It says something about just how bankrupt the Republican Party has become under Donald Trump, that none of them said a peep. And so, the reality…
PoliticsHow the Trump family's business deals could open the door for future presidents to profit from office
For the Trump family, business is booming. Whereas the Trump Organization didn't do a single deal overseas in Donald Trump's first term as president, it did eight in the past year.

Bessent says order requiring banks to collect citizenship information ‘in process’
Treasury Secretary Scott Bessent said that a proposed executive order that would require banks to collect citizenship information is “in process” in an interview this week with Semafor. “And I don’t think it’s unreasonable, because why don’t we have information on who’s in our banking system?” the Trump official told the outlet Monday. “I have…
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Automatic registration for US military draft to begin in December

There's growing disquiet in the military. The Iran war made it worse

US considers new crackdown on Chinese telecom companies - Reuters

British man charged with directing Somalia-based terror group

Trump's Washington arch plan includes golden-winged figure, eagles, lions and 'One Nation Under God' - AP News


