foo wrote:
easy fact check wrote:
55% of people don't pay any taxes so you can't lower them. The middle class is quite low as it is, but they're getting a tax break.
The middle class gets a modest tax break for a few years then a modest tax increase thereafter. At least that was the case on both of the calculators I played with. The rich get a major tax break for the foreseeable future...
This is basically true, but the problem is this bill costs 1.5 TRILLION added right to the national debt. What will they do or want to do to pay for that? Cuts to medicare and/or social security are likely. Hurting who the most? Middle class and down.
Wealthy invested people like me don't need this tax help.