Arizona Center for Economic Progress: Just Like the House GOP Plan, the Senate GOP Tax Plan Is Another Handout to the Wealthiest Households and Large Corporations

Newly published data shows that the new Senate GOP tax plan isn’t much better than the House GOP tax plan for the middle-class, small businesses, and lower-income Americans. The Institute on Taxation and Economic Policy analysis (https://itep.org/senatetaxplan/) shows that on average, the top 5% of Americans will receive around 50% of the tax cuts.

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