The Multimillionaire Myth: How Trump's Tax Cuts Favor the Affluent Over America When the House passed its version of Donald Trump's One Big Beautiful Bill Act (OBBBA) last year, Speaker Mike Johnson declared that the beneficiaries of the massive tax cut were "small business owners" who provide jobs in every community across America.
This narrative has become a staple of Republican rhetoric: the modest Main Street job creator fighting to make ends meet amidst unforgiving competition.
However, scratch beneath the surface, and the reality is starkly different.