Levin: JCT Score Shows GOP Tax Plan May Hurt Middle Class

Nov 3, 2017

WASHINGTON, D.C. – Rep. Sander Levin (D-MI) today released the following statement in response to the Joint Committee on Taxation (JCT) analysis of the Ryan-McConnell Republican tax plan:

“The non-partisan numbers we are seeing suggest the Republican tax bill squeezes the middle class and blows up the debt to give big tax breaks to the wealthy and to corporations. 

“Based on estimates recently released by the Joint Committee on Taxation (JCT), the individual tax provisions in the GOP bill actually raise taxes by about $385 billion over the next ten years after setting aside the repeal of the estate tax, the lowering of the top tax rate for pass-through business income, and the repeal of the Alternative Minimum Tax – none of which provide any significant tax relief for middle-income families. Many of the deductions and exemptions that middle-income families depend on to lower their taxes are reduced or eliminated under the Republican bill, including personal exemptions, and deductions for interest on student loans, medical expenses, and state and local taxes. This could mean higher taxes for millions of middle-income Americans, even as the wealthy and big businesses get big tax cuts.      

“Republicans need to slow down their rush to pass their bill before anyone knows what’s in it, and fully explain who is helped and who is hurt. The American people have a right to know.”