G.O.P. Tax Bill Expected to Hurt the Lowest Earners and Help the Richest

Contributing sentiments towards policy:

63% : The Republican tax plan may offer only modest gains to everyday workers, according to a wide range of tax experts, and some taxpayers may actually be left in worse financial shape if the bill becomes law.
51% : " Mr. Fields also pointed to the findings of the Joint Committee on Taxation, a nonpartisan budget keeper on Capitol Hill.
50% : But Erica York, the vice president of federal tax policy at the organization, said the benefits would not be parceled out equally, resulting in the "larger increases in after-tax income for the top 5 percent of taxpayers." Asked about the early findings, Harrison Fields, a White House spokesman, said in a statement that the president's "'one big, beautiful bill' will continue to prove the haters wrong.
49% : For individual taxpayers, they proposed to raise the standard deduction by $1,000, while aiming to lift it by $4,000 for seniors, in a move meant to replace the president's promise to eliminate taxes on Social Security.
48% : Did DOGE Stop It? Trump Administration Cancels Scores of Grants to Study Online Misinformation Judge Dismisses 'Trespassing' Charges Promoted by Trump in Border 'Defense Area' House Republican lawmakers also proposed adding $500 to the child tax credit, which families can receive through their tax filings annually, and they looked to end federal taxes on tips and overtime pay, as requested by Mr. Trump.
48% : The savings nonetheless help to offset a package that introduces a series of permanent tax changes that carry great benefits for the wealthy. House Republicans have proposed a higher threshold for triggering the estate tax, which eases the financial burden on wealthier Americans who pass down large inheritances, along with a 23 percent deduction for so-called pass-through income, which reduces taxes on business income taxed at the individual rates of an owner.
46% : The Penn Wharton estimate sought to analyze the full scope of the Republican tax package, computing the effects of the tax cuts as well as the plan to pay for them by slashing federal spending on other programs, including Medicaid and food stamps.
44% : Party leaders also proposed deep reductions in Medicaid, which offers coverage to the poor, and food stamps.
44% : His analysis did not include the effects of spending cuts in programs like Medicaid.

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