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Bipartisan analysis: Senate bill would hike taxes for 13.8M


By -- AP —— Bio and Archives--November 13, 2017

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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…


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