A new report by Democrats on the Joint Economic Committee concludes that the GOP plan to enact large income tax cuts that disproportionately benefit top earners will be difficult to pay for by closing myriad tax loopholes — and that the loopholes that would likely have to be closed disproportionately benefit the middle class. The net result, according to Democrats, is that the Republican party’s tax plan would increase the tax burden for middle-income earners while lowering it for the wealthiest Americans. But the report makes several key assumptions many of which, Republicans claim, distort the GOP’s policy agenda.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=97826