The following article by Andy Green was posted on the Center for American Progress website November 29, 2017:
The Senate is reaching the final stages of consideration of a large and significant tax bill. Here are five ways that the tax bill will undermine America’s economic and national security.
1. The tax bill will increase taxes on the middle class and working families
By 2027, 87 million Americans making less than $200,000—including in every state—will see a tax increase under this bill. Essentially, that’s because the Senate GOP tax bill pays for the deficit-increasing tax cuts for corporate and business pass-throughs by raising taxes on the middle-class and working Americans. Sadly, this tax increase will undermine the economic security of the very people who have been hit hardest by the middle-class squeeze, especially working class Americans without a college degree. Continue reading “5 Ways the Senate GOP Tax Bill Will Undermine America’s Economic and National Security”