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.