November 13, 2017
A new non-partisan report suggests the Senate’s tax proposal would go further in lowering taxes for middle class Americans compared to the competing bill in the House.
According to a report by the Joint Committee on Taxation that was released Saturday, middle income earners would see a more consistent decrease in their taxes under the Senate plan.
Those people could see cuts up to 10 percent, while millionaires would see cuts of only five percent.
In contrast, the commission says the House bill would have a murkier impact on income groups, but would still see tax cuts.
The study did not examine whether individuals within those groups could see tax increases.
The Senate plan will be taken up by the Finance Committee on Monday, and shows a tax cut across the board for every income group.