Senate tax bill would hit middle class

Wahington Post - The tax bill Senate Republicans are championing would give large tax cuts to millionaires while raising taxes on American families earning $10,000 to $75,000 over the next decade, according to an analysis released Thursday by the Joint Committee on Taxation, Congress' official nonpartisan analysts.

President Trump and Republican lawmakers have been heralding their bill as a win for hard-working Americans, but the JCT report casts serious doubt on that claim. Tax hikes for households earning $10,000 to $30,000 would start in 2021 and grow sharply from there. By the year 2027, Americans earning $30,000 to $75,000 a year would also be forced to pay more in taxes even though people earning over $100,000 continue to get substantial tax cuts.

Most of the hit to the poor and working-class is likely comes from the Senate Republicans' push to mix health care and tax changes. The decision to include a repeal of the individual mandate would lead to 13 million more uninsured, the Congressional Budget Office has said. Senate Republicans also made most of the individual income tax provisions expire at the end of 2025. Wealthier Americans would still benefit from a permanent cut in the corporate tax rate, which will likely boost the incomes of people who own companies or investments.

Time -  A poll released by Quinnipiac on Wednesday found that 52% of Americans disapprove of the GOP tax plan, while 25% approve. Opinion of the tax plan was heavily split along party lines — 60% of Republican voters approve of the plan, while 81% of Democrats disapprove.