WASHINGTON (AP) — Promoted as needed relief for the middle class, the Senate Republican tax overhaul actually would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday.
The assessment by Congress’ nonpartisan Joint Committee on Taxation emerged as the Senate’s tax-writing committee was set to begin wading through the measure Monday afternoon, working toward the first major revamp of the tax system in some 30 years. -- More...
