President Trump promised to cut taxes for the middle class, but some would end up paying more under the “Tax Cuts and Jobs Act,” according to a reportreleased Friday night by Congress's Joint Committee on Taxation, the official scorekeepers tasked with determining how much any tax legislation would add to the debt and how it would impact the poor, middle class and wealthy. The Trump administration says it has a “bright line test” that the president won't support any tax bill that does not give the middle class relief on their taxes. The “Tax Cuts And Jobs Act” that House Republicans released Thursday appears to violate that vow, at least for some middle-class taxpayers. The JCT found that the GOP bill would add nearly $1.5 trillion to the debt over the next decade and that, on average, families earning between $20,000 and $40,000 a year and between $200,000 to $500,000 would pay more in individual income taxes in 2023 and beyond. read more https://www.washingtonpost.com/news...espite-trumps-promise/?utm_term=.7258992824dd
