Yet Another Analysis Shows How Trump-GOP Tax Scam Will Bury Middle Class

September 26, 2020 0 By HearthstoneYarns

Critics of the Republican tax plan say it offers a crystal-clear view of which Americans matter to the Trump administration and the Party in control of Congress—and which don’t. Despite an aggressive push to portray the proposal as a tax cut for middle-class Americans, according to a New York Times analysis, millions of middle-income families would pay more in taxes immediately—and many more would see their tax bills rise over time.

“The GOP tax plan is a simple political statement about who matters more in American democracy: the heirs to hedge fund fortunes or everyone else in the country,” wrote Zach Carter in the Huffington Post on Monday. “Trump and the Republicans have chosen the dynasts.”

The analysis by the Times, similar to one shown by the Institute of Taxation and Economic Policy (ITEP), finds that 45 percent of middle-class Americans would be paying more in taxes within a decade, even if they see some modest relief initially. As theTimes notes, it’s “a striking finding for a bill promoted as a middle-class tax cut.”

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