The Institution for Taxation and Economic Policy developed the graph to illustrate the impact of the Senate tax cut bill by 2027. Taxes go up for
PS: Vox reminds me that the tax bill is not unfair only because it benefits the rich while hurting the poor. It will be enabled by cuts in other spending
MEANWHILE: Blogger Pitt Griffin calls 6-foot-5 Sen. Tom Cotton the Senate’s biggest liar for claiming on national TV that all taxpayers will receive a tax cut. Cotton dodged a question on whether he’d vote to expel Roy Moore if he wins election as senator from Alabama.
AND ONE MORE NOTE ON TAX LEGISLATION: Ernest Dumas explains this week the unfairness of the proposals, the gamesmanship involved and the certainty that the only winners will be corporations and the wealthy.