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You are here: Home / Budget & Taxes / Half End Up Paying More In Taxes

Half End Up Paying More In Taxes

November 21, 2017 at 12:01 pm EST By Taegan Goddard Leave a Comment

“Republicans are losing the public relations battle on their tax-cut bills. While a tax bill cleared the House last week, several Senate Republicans appear skeptical of their chamber’s version. And polls show that Americans are much more opposed to the GOP’s tax effort than supportive — a fact that has to be weighing on those same wavering Senate Republicans,” the Washington Post reports.

A new report from the bipartisan Tax Policy Center should make it even more difficult for senators to get to yes:

On average in 2027, taxes would rise modestly for the lowest-income group, change little for middle-income groups, and decrease for higher-income groups. Compared to current law, 9 percent of taxpayers would pay more in 2019, 12 percent in 2025, and 50 percent in 2027.

“It’s not difficult to see this winding up in just about every piece of Democratic pushback on the Senate GOP’s tax bill.”

Bloomberg: House tax bill is littered With loopholes for Wall Street’s wealthiest.

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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