As you've already read, the GOP-led House of Representatives passed a tax reform bill yesterday, with relative ease. Zero Democrats supported the measure, which nonpartisan scorekeepers say would benefit middle class Americans.
Thirteen Republicans voted no, almost all of whom represent high-tax blue states; the bill partially eliminates the federal deduction for state and local taxes, which disproportionately benefits those who live in places like New York and California -- effectively insulating them from the consequences from electing tax-and-spend liberals.
While there are legitimate quibbles about certain elements of the legislation, it represents enormous progress as an across-the-board tax cut, coupled with long-awaited simplification.
Brackets are consolidated, income tax rates are slashed for nearly all taxpayers (excluding millionaires), and the tax code is made more competitive for many small businesses and corporations.
Independent analyses have found that the proposal would (a) result in net tax reduction for average taxpayers and households across all five income groups, including middle-income families, (b) create nearly one million new, full-time American jobs, and (c) boost US economic growth. The average household of four people, based on national median income, would save nearly $1,200 on their tax bill next year. Democrats are predictably denouncing the plan as "tax giveaways to the rich," which is what they always, say no matter what (reminder: "the rich" pay more than their fair share of taxes already), but the data tells a different story:
Even the liberal Tax Policy Center's analysis -- which found that the benefits aren't as middle-class centric -- determined that "the legislation would reduce taxes on average for all income groups in 2018 and 2027" (emphasis mine). A USA Today column that's largely critical of the Republican plan -- making the case that some families and businesses would be hurt by the proposal -- does allow that there would be some "winners" under the legislation. Buried at the bottom of the piece, the would-be beneficiaries are listed. This is the first bullet point: