Tax Bill Offers Uneven Benefits and Hikes for Some, Analysts Say
- Subtleties contradict messages from Ryan, Trump and others
- House panel aims to finish work Thursday; Senate readies bill
Mnuchin Says Trump Wants Tax Bill in December
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President Donald Trump’s promised tax cut for the middle class comes with some extra baggage in the bill House Republicans are considering: a much larger tax cut for the top 1 percent.
That’s not just a political talking point for Democrats who oppose the House bill. It’s the consensus from two recent independent analyses: one by the left-leaning Institute on Taxation and Economic Policy and the other by the right-leaning Tax Foundation.