Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

The most recent version of the House’s rejected tax reform bill aims to provide middle-income households with over $60 billion in tax cuts by 2019. Congress’s Joint Committee on Taxation released its analysis of the bill late Monday. The data show that 23% of the proposed cuts will go directly to individuals. The calculations leading to this conclusion are based on households earning between $20,000 and $100,000 per year, which account for nearly half of all U.S. tax filers.

See Siobhan Hughes & Shayndi Raice, Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill, Wall Street Journal, December 19, 2017.