Sunday, November 12, 2017

Republican Tax Cut For Everyone......Except 25% of the Middle Class.

Republicans said everyone will get a tax cut.
They left out where some middle class will get a tax INCREASE.
Tomato.....TomAto.
Rich people all get a cut though so it is all good.
“I misspoke on that,” Mr. McConnell, a Kentucky Republican, said in an interview on Friday with The New York Times. “You can’t guarantee that absolutely no one sees a tax increase
The Senate bill unveiled on Thursday would raise taxes on millions of middle-class families, according to a preliminary New York Times analysis. The plan would also disproportionately benefit high earners and corporations. Still, middle-class earners would fare better under the Senate proposal than its counterpart in the House
The Times analysis, using the open-source software TaxBrain, found that roughly one-quarter of families in the middle class would see their taxes increase in 2018, by about $1,000 on average. By 2026, the share seeing an increase would rise slightly, to about one-third, and the average increase would rise to about $1,600.

https://www.nytimes.com/2017/11/10/us/politics/senate-tax-bill.html

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