Senate Tax Bill Rewards the Rich More Than the Middle Class
The legislation is slightly more favorable than the House version to those with moderate incomes, but much depends on variables like household size.
Middle-class Americans would fare better under the Senate tax bill than its House counterpart, according to a preliminary New York Times analysis. But both bills would disproportionately benefit high earners and corporations and raise taxes on millions of middle-class families.The Senate Finance Committee bill unveiled on Thursday would, on average, cut taxes for people at every income level. But its benefits would vary widely within income brackets, depending on the specific circumstances of...
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