The Washington Post: GOP Pushes for New $2 Trillion Round of Tax Cuts

Democrats said the GOP’s second round of tax cuts would punish the poor and the middle class, arguing that they will provide a pretext for later spending cuts to entitlement programs that help the elderly. The richest 1 percent of Americans would see an average $24,130 cut from extending the individual tax cuts, compared with an average cut of $460 for those in the bottom 60 percent of the income distribution, according to the Institute on Taxation and Economic Policy, a left-leaning think tank. Read more