Bipartisan analysis: Senate bill would hike taxes for 13.8M
WASHINGTON » Promoted as needed relief for the middle class, the Senate Republican tax overhaul actually would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday.
The assessment by Congress’ nonpartisan Joint Committee on Taxation emerged as the Senate’s taxwriting committee was set to begin wading through the measure Monday afternoon, working toward the first major revamp of the tax system in some 30 years.
Barging into the carefully calibrated work that House and Senate Republicans have done, President Donald Trump called for a steeper tax cut for wealthy Americans and pressed GOP leaders to add a contentious health care change to the already complex mix.
Trump’s latest tweet injected a dose of uncertainty into the process as the Republicans try to deliver on his top legislative priority.