The rate at which the top 0.1% are taxed is being cut by more than twenty-seven times the rate at which the bottom 80% of Americans are being taxed is being cut.
Who Pays?
The middle class pays, though not immediately. Those in the bottom 40% will see their incomes rise both in the short and long term. Those between the 40% and 95% marks see a short-term income bump which vanishes or turns into a tax increase by 2025. Only those in the top 5% see large and permanent cuts to their tax burden.
Please contact your representatives and tell them what you think of this bill!!