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Republican politicians in Washington are touting middle-class tax cuts in the “The Big Beautiful Bill.” While I don’t deny the existence of a “middle-class” tax cut (though minuscule as it is), omitted is mention of the overwhelming negative effects of their tax plan. It dramatically short changes us middle-class taxpayers, and less fortunate Americans.
The Tax Policy Center reports that individuals making $217,000 or more, representing 20 percent of tax payers, receive about 57 percent of the tax breaks and the remaining 80 percent of us receive about 43 percent.
The Institute on Taxation and Economic Policy states that the middle 20 percent of taxpayers rec