New Analysis Shows Outsized Tax Burden Over Benefit For Vast Majority Of Americans.
Washington, D.C.–The nonpartisan Joint Committee on Taxation (JCT) has issued an analysis of effects of the reckless tax-and-spend bill on taxpayers in each income category.
The new analysis shows that the burden of the bill’s tax increases on lower- and middle-income Americans is so great, any supposed benefits from the temporary premium credits only outweigh the tax hits for a small sliver of the population. Even for the small number of people would do receive a slight benefit, significantly larger portions of American taxpayers in each income category would still face the burden of a tax increase.
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