GOP tax scam to hit poor children and middle class

Center on Budget & Poicy Prioritiss - The House Republican tax bill increases the maximum child tax credit  to $1,600, from its current $1,000 per-child level.  The proposal, however, excludes millions of children whose parents work in low-wage jobs — even as it expands eligibility for higher-income families.  Since low-wage earning parents and their children are the people with the greatest need for the CTC, excluding them from the CTC expansion — especially while extending the CTC for the first time to many families with incomes between $150,000 and $300,000 — represents unsound policy.

Wahsington Post -  President Trump promised to cut taxes for the middle class, but some would end up paying more under the “Tax Cuts and Jobs Act,” according to a report released Friday night by Congress's Joint Committee on Taxation, the official scorekeepers tasked with determining how much any tax legislation would add to the debt and how it would impact the poor, middle class and wealthy.

The Trump administration says it has a “bright line test” that the president won't support any tax bill that does not give the middle class relief on their taxes. The “Tax Cuts And Jobs Act” that House Republicans released Thursday appears to violate that vow, at least for some middle-class taxpayers.

The JCT found that the GOP bill would add nearly $1.5 trillion to the debt over the next decade and that, on average, families earning between $20,000 and $40,000 a year and between $200,000 to $500,000 would pay more in individual income taxes in 2023 and beyond.