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There are two governmental organizations that have conducted nonpartisan analyses of the anticipated effects of Republican legislation aimed at overhauling the tax system. There’s the Joint Committee on Taxation, established in 1926 with congressional oversight to prepare revenue estimates on proposals related to taxation. There’s also the Congressional Budget Office, which produces independent analysis of the budgetary effects of legislation.

Recently released analyses from both groups come to the same conclusion. Over both the short- and long-term, the benefits of the Republican proposal is weighted to wealthier Americans.

One aspect of the JCT’s analysis included an estimate of how many households in various income ranges would see increases or decreases in the amount of tax paid. The vast majority of those making under $10,000 a year — 96 percent — would see a minimal change (no more than $100 in either direction) in their tax bill by 2019. By contrast, 91 percent of households making between $500,000 and $1 million a year would see a cut of at least $500.

Analysis | How the Republican tax bill benefits the rich, according to government analysis

By 2019, 50 percent of households earning less than $75,000 a year will see tax savings of $100 or more. 86 percent of higher-income households will.


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