The 2017 tax law gave a bigger tax cut to foreign investors than to the entire middle- and working-class in the states President Trump carried in 2016, combined

Source: Author's calculations using Institute on Taxation and Economic Policy, "Extensions of the New Tax Law's Temporary Provisions Would Mainly Benefit the Wealthy" (Washington: 2018), available at https://itep.org/tcja20182026 (estimates for 2018); Institute on Taxation and Economic Policy, "The Final Trump-GOP Tax Plan: National and 50-State Estimates for 2019 and 2027" (Washington: 2017), available at https://itep.org/finalgop-trumpbill (estimates for 2019); Institute on Taxation and Economic Policy, "TCJA by the Numbers, 2020" (Washington: 2020), available at https://itep.org/tcja-2020 (estimates for 2020).