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

The following article by Carolyn Y. Johnson was posted on the Washington Post website September 29, 2017:

The Republican tax plan would deliver a major benefit to the top 1 percent of Americans, according to a new analysis by a leading group of nonpartisan tax experts that challenges the White House’s portrayal of its effects.

The plan would deliver far-more-modest tax cuts to most other households — an average cut of $1,700 for households in 2027, according to the report. But the results would be unevenly spread, with 1 in 4 households paying more in taxes. Continue reading “GOP tax plan would provide major gains for richest 1%, uneven benefits for the middle class, report says”