38 percent of Americans won’t get a sizable tax cut under Senate plan

Source: Heather Long, Washington Post (Paid Registration)

President Trump has promised Americans “huge” tax cuts, but only 44 percent of taxpayers would see their tax bills reduced by more than $500 in 2019, according to the Joint Committee on Taxation's analysis of the winners and losers in the plan. 

Overall, the majority of Americans -- 62 percent -- would get a tax cut of at least $100 in 2019, according to JCT. The remaining 38 percent would either pay about the same in taxes as they do now or get a tax hike.

Read Full Article: 38 percent of Americans won’t get a sizable tax cut under Senate plan

 

Tags/Keywords

taxes, tax cuts, tax increase


 
 

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