GOP Tax Bill Hurts the Poor More Than Originally Thought

GOP Tax Bill Hurts the Poor More Than Originally Thought
AP Photo/J. Scott Applewhite

The Senate Republican tax plan gives substantial tax cuts and benefits to Americans earning more than $100,000 a year, while the nation's poorest would be worse off, according to a reportreleased Sunday by the nonpartisan Congressional Budget Office.

Republicans are aiming to have the full Senate vote on the tax plan as early as this week, but the new CBO analysis showing large, harmful effects on the poor may complicate those plans. The CBO also said the bill would add $1.4 trillion to the deficit over the next decade, a potential problem for Republican lawmakers worried about America's growing debt.

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