The House GOP members came up with a tax bill that aims to "Make America Great Again."
And while there are a bunch of tax cuts to help companies better compete in the global economy, the brunt of those cuts seems to fall on the middle class. Maybe it's because no one in Congress is part of the middle of the class any more?
House Speaker Paul Ryan (R-Wis.) claims the typical U.S. family of four will see a $1,182 cut in their taxes, as the House proposal calls for nearly doubling standard exemptions and deductions. But while the GOP is offering big tax cuts for Corporate America, it also proposes to take away some much-needed tax breaks from families. Source