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The Republican tax bill that the House and Senate are set to pass as soon as Tuesday night would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now … unless a future Congress extends the cuts.

The average household would get a tax cut of $1,610 in 2018, a bump of about 2.2 percent in that average household’s income, according to a report released Monday by the Tax Policy Center, a nonpartisan think tank that has been critical of the tax overhaul plan.

CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class

The average tax cut would be be $1,600 in 2018, but the average household earning more than $1 million would get a nearly $70,000 cut.


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