January 12, 2018

Washington Post: Is the Trump Tax Cut Good or Bad for the Middle-Class?

media mention

A state-by-state analysis produced by the Institute on Taxation and Economic Policy, a liberal-leaning group, show the vast majority will get some kind of tax cut in Missouri in 2019, but then as much of a third will experience tax increases in 2027. Even more striking is how even the tax cuts shrink. In the middle 20 percent of households, 90 percent would get an average tax cut of $830 in 2019 — compared to 60 percent getting an average tax cut of $100 in 2027, or about a quarter a day. (The ITEP calculation includes the impact of a variety of provisions, including repeal of the health mandate.) Below is a visual representation of the ITEP data produced by MSNBC. Read more