False.

Trump’s 2017 and 2025 “Big Beautiful Bill” permanently cut the corporate tax rate from 35% to 21%. These cuts were largely deficit-financed, meaning the government collects trillions less in revenue rather than offsetting costs through spending reductions.

By contrast, middle-income households received far smaller, temporary cuts that were set to expire in 2025. On top of that, they would pay more indirectly through tariffs (a regressive tax), deficit-driven inflation, and reductions in federally funded benefits. Tax Policy Center +1