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Politico: Middle, lower income families to see largest tax cut in Senate tax reform proposal

US Senate Chamber courtesy Senate.gov

One of America’s most prominent political news websites is reporting that the non-partisan Joint Committee on Taxation has released an analysis that indicated middle-class families would be the biggest winners in the Senate tax reform proposal.

Sunday, the news site Politico published news of the analysis, reporting that middle-income families earning between $50,000 and $70,000 would see their taxes drop by 7.1 percent, while lower-income families earning between $20,000 and $30,000 would see their taxes drop by 10.4 percent.

Politico also reports that “millionaires” would see their taxes drop by 5.3 percent, a significant number, but not as large a percentage of their taxes as those with smaller incomes.

You can read the full article from Politico here.

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