GOP Tax Reform Bill Projected To Raise Taxes For Many Working-Class Americans
Tuesday, 7 November 2017 () Millions of middle-class Americans could be facing higher taxes by 2023 under a Republican attempt to overhaul the U.S. tax code, according to a nonpartisan congressional official on Monday. The Washington Post reported that Thomas A. Barthold, chief of staff of the Joint Committee on Taxation, said up to 38 million Americans with annual incomes ranging from $20,000 and $40,000 would, on average, see a tax increase starting in 2023 under the current House GOP plan. Barthold spoke during a House Ways and Means Committee debate on the Tax Cuts and Jobs Act, the last push for a legislative win for the Republicans before the end of the year that hopes to deliver a $1.5 trillion tax cut to...
· *Republicans have hastily moved their tax reform bill, the Tax Cuts and Jobs Act, through both the House and Senate.*
· *The speed of the battle has... Business Insider - BusinessAlso reported by •L.A. Times