President Trump and congressional Republicans have repeatedly insisted that the top priority of their tax reform is delivering relief to the middle class. But under a significant change to the Senate's plan announced late Tuesday night, that relief for most people will now only be temporary, and millions of middle-class families could actually see a tax increase in 2026 if Congress doesn't act again.
As I recently reported, the competing Republican tax bills were both over-budget, forcing party leaders to scale them back if they hoped to pass legislation under Senate rules without Democratic votes. They essentially had two choices: They could slap an expiration date on the proposal's large corporate tax cut—from 35 percent down to 20 percent—or they could sunset the provisions benefitting individuals.
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