Nov 6, 2017
Some middle-income households would pay more under GOP tax plan
Under the tax plan proposed by the House last week, one in six middle-income households would end up paying higher income taxes next year, with one-third paying higher taxes by 2027, according to analysis by the nonpartisan Tax Policy Center. While the average cut is $1,100, wealthier people generally get larger cuts, even as a percentage of their income.
Why it matters: President Trump and Republicans have promised across-the-board tax cuts, and have sold the plan as a raise for middle-income and working class families. This data could make that a harder sell.
Update: The Tax Policy Center now says it made an error in its report and its calculations will be revised.