House Proposal Will Hike Taxes on Lower- and Middle-Income Americans: Bipartisan Congressional Panel

House Proposal Will Hike Taxes on Lower- and Middle-Income Americans: Bipartisan Congressional Panel
Ranking Member Sen. Mike Crapo (R-Idaho) questions Internal Revenue Service Commissioner Charles Rettig during a Senate Finance Committee hearing on Capitol Hill in Washington on June 8, 2021. Tom Williams-Pool/Getty Images
Mark Tapscott
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Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT).
“While Republican tax reform in 2017 cut taxes for all Americans, and increased the progressivity of the tax code, the Democrats’ approach to tax reform does not cut taxes for anyone, but it would raise taxes on millions of lower- and middle-income Americans at a time when they can least afford it,” U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) said in a statement issued late Monday.
Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
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