GOP tax plan would provide major gains for richest 1 percent


(THIS ARTICLE IS COURTESY OF THE WASHINGTON POST)

 

GOP tax plan would provide major gains for richest 1 percent and uneven benefits for the middle class, report says

 September 29 at 2:03 PM
The analysis by the Tax Policy Center, a leading group of nonpartisan tax analysts, challenges President Trump’s promise about the effects of the plan.The top 1 percent would see their taxes drop by more than $200,000 on average, the analysis found.

But nearly 30 percent of taxpayers with incomes between $50,000 and $150,000 would see a tax increase within a decade — despite Republican promises that the plan is designed to provide relief to middle-class Americans, according to the study.

The majority of those making between $150,000 and $300,000 would also be hit with higher taxes.
This is a developing story. It will be updated.

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