Foreign investors were big winners from Trump’s tax law

  Three years ago this month, President Donald Trump promised to enact a “pro-American tax reform.” But the tax overhaul that he signed into law late 2017 was anything but “pro-American.” In fact, as the Center for American Progress pointed out when the tax cut passed, some of its biggest winners were wealthy foreign investors. Recent estimates show that the Trump tax law has given larger tax cuts to foreign investors over the past three years than it has to middle- and working-class Americans in all of the states that Trump carried in 2016—combined.