(Experts) GOP Tax Plan Will Raise Taxes On 50% Of Americans

Paul Ryan(image credit: Tony Alter/Gobonobo/CC-2.0)

A nonpartisan assessment has declared that the GOP tax plan will raise taxes on 50% of American.

The nonpartisan tax center has asserted that the long term effects of the Republican tax plan will be a tax increase on half-of-all Americans.

Trump spoke as the Tax Policy Center said that while all income groups would see tax reductions, on average, under the Senate bill in 2019, 9 percent of taxpayers would pay higher taxes that year than under current law. By 2027, that proportion would grow to 50 percent, largely because the legislation's personal tax cuts expire in 2026, which Republicans did to curb budget deficits the bill would create.