30 Nov '17, 2am

38 percent of Americans won't get a sizable tax cut under the Senate GOP plan

38 percent of Americans won't get a sizable tax cut under the Senate GOP plan

President Donald Trump flew to Missouri Wednesday to pitch his tax plan as a great benefit to the middle class, but a new analysis from the Joint Committee on Taxation, Congress' official scorekeepers, shows that many American families won't pay significantly less under the Senate GOP tax bill. In 2019, 62 percent of Americans would get a tax cut of $100 or more, according to JCT. The remaining 38 percent would either pay about the same in taxes as they do now or get a tax hike. The information was shared with The Washington Post by a GOP senator's office. It is from a JCT letter that has not been made public yet. Trump has promised Americans "huge" tax cuts. "We're going to give the American people a huge tax cut for Christmas - hopefully that will be a great, big, beautiful Christmas present," he said last week. Among the middle class - families with incomes between $50,...

Full article: https://www.stripes.com/news/us/38-percent-of-americans-w...

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