“The Republican tax plan would deliver a major benefit to the top 1 percent of Americans, according to a new analysis by a leading group of nonpartisan tax experts that challenges the White House’s portrayal of its effects,” the Washington Post reports.
“The plan would deliver far more modest tax cuts to most other households — an average cut of $1,700 for households in 2027… But the results would be unevenly spread, with 1 in 4 households paying more in taxes.”
“Despite repeated promises from Republican lawmakers that the plan is designed to provide relief to the middle class, nearly 30 percent of taxpayers with incomes between $50,000 and $150,000 would see a tax increase… The majority of households that made between $150,000 and $300,000 would see a tax increase.”
New York Times: Republican tax cut would benefit wealthy and corporations most.
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