Dec 19, 2017
All income groups get a tax cut. The rich get a bigger one
All income levels see a bump in their after-tax income through 2025 under the final GOP tax bill, according to a Tax Policy Center analysis, although the wealthy see bigger increases. But in 2027, after the individual tax provisions have expired — which Republicans say a future Congress won't let happen — some lower-income groups see tax increases.
Why this matters: Republicans are correct that all income groups will get a tax cut under their bill in the short-term. But Democrats are also correct that the wealthy see a bigger benefit.