Labor Secretary Lori Chavez-DeRemer shared a chart July 17 on X showing lower- and middle-income Americans gaining the most from the new law’s tax provisions.

The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe.

The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe.