Trump's Tax Cut Proposal Spin
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•Business
Business & Economics
Both Sides Spin Who Would Benefit from Extending Trump Tax Cuts - FactCheck.org
77% Informative
Democrats and Republicans are spinning the facts about who would benefit from the tax cuts.
On average, taxpayers in every income group would get some tax relief, but not everyone.
Some economists warn that if the GOP plan includes spending cuts to Medicaid and food stamps, lower-income Americans would fare worse.
The average taxpayer would see an average tax cut of $ 1,030 in 2027 , or about 1.3% of after-tax income.
A spokesman for Pallone noted that the tax cuts would not be enough to offset the impact of potential spending cuts to Medicaid and other programs.
The Tax Foundation estimates that making the expiring individual provisions of the TCJA tax cuts.
The top 10 percent of the income distribution pays about 70% of all federal taxes, professor says.
Lower income households are worse off if mandatory spending cuts are allocated to programs like Medicaid and SNAP.
Democrats had also hoped to extend the tax cuts only for those making under $400,000 a year.
VR Score
81
Informative language
81
Neutral language
20
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
26
Source diversity
18
Affiliate links
no affiliate links