Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Follow us:

Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Every donation—large or small—helps us bring you the news that matters.

Please support non-profit Common Dreams today.

To donate by check, phone, or other method, see our More Ways to Give page.

Today is the LAST DAY of this Mid-Year Campaign. This is our hour of need.
If you value independent journalism, please support Common Dreams.

To donate by check, phone, or other method, see our More Ways to Give page.

To donate by check, phone, or other method, see our More Ways to Give page.

TODAY is the last day to meet our goal -- Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year.

To donate by check, phone, or other method, see our More Ways to Give page.

Senate Finance Committee chairman Orrin Hatch (R-Utah) gestures before the start of a markup by the committee of the Republican tax reform proposal on November 15, 2017 in Washington, DC. Also pictured is ranking member Sen. Ron Wyden (L) (D-Ore.). (Photo: Win McNamee/Getty Images)

With Tax Hikes for Working Class, CBO Shows Senate GOP Plan 'Steals From Poor, Gives to Rich'

New report shows that in 2027, taxpayers making up to $75,000 would see a tax hike

Andrea Germanos

In addition to raising the deficit by an estimated $1.4 trillion over the next ten years, Americans making less than $75,000 will see a tax hike under the Senate Republican tax plan, while those making over $100,000 would be rewarded with tax cuts, a new analysis by the nonpartisan Congressional Budget Office (CBO) finds.

The report further belies the GOP's claim that the proposal will "strengthen the middle class."

The analysis, released Sunday, shows that taxpayers making up to $30,000 will see their tax burden increase by 2019. By 2021, that extends to those making $40,000 and under. In 2027, those making up to $75,000 would see a tax hike. Taxpayers making over $100,000, in contrast, would receive cuts at all the time points listed.

According to Ben Wikler, Washington director for MoveOn.org, "This fact won't flip a single GOP vote. But your activism could."

Scores of actions aimed at targeting senators are slated for this week, with a vote expected Thursday or possibly earlier. UltraViolet, a group that advocates for gender equity and other progressive issues, is among those using the hashtag #TrumpTaxScam to highlight what they say is the essence of the GOP tax plan: "Steal from the poor. Give to the rich."

Indivisible called for Monday to be a #TrumpTaxScam Day of Action, and is highlighting actions taking place around the country:

CNBC reports that the larger than projected tax burden for lower-income tax brackets "stems from the bill effectively getting rid of the Obamacare provision requiring most Americans to have health insurance or pay a penalty. Low-income Americans would receive fewer premium tax credits if more of them choose not to have insurance." The CBO report states: "The number of people with health insurance would decrease by 4 million in 2019 and 13 million in 2027."

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Comments

TODAY is the last day of our crucial Mid-Year Campaign and we might not make it without your help.
Who funds our independent journalism? Readers like you who believe in our mission: To inform. To inspire. To ignite change for the common good. No corporate advertisers. No billionaire founder. Our non-partisan, nonprofit media model has only one source of revenue: The people who read and value this work and our mission. That's it.
And the model is simple: If everyone just gives whatever amount they can afford and think is reasonable—$3, $9, $29, or more—we can continue. If not enough do, we go dark.

All the small gifts add up to something otherwise impossible. Please join us today. Donate to Common Dreams. This is crunch time. We need you now.

To donate by check, phone, or other method, see our More Ways to Give page.

Latest News

See all
Demonstrators march in Austin, Texas

Texas Supreme Court Allows Century-Old Abortion Ban to Take Effect

"Extremist politicians are on a crusade to force Texans into pregnancy and childbirth against their will, no matter how devastating the consequences."

Jake Johnson ·

Students grab meals at a lunch counter

'What's There to Even Discuss?' Omar Says Free, Universal School Meals Should Be Permanent

"We have an opportunity to prove that a government of the people, by the people, and for the people can still deliver big things. And we can feed tens of millions of hungry kids while we do it."

Jake Johnson ·

A drilling platform is pulled into the Gulf of Mexico

'Stark Betrayal': Biden Administration Floats New Offshore Oil and Gas Drilling

"This is the third time since November the Biden administration has announced new oil and gas leasing plans on the Friday before a holiday," said one climate advocate. "They're ashamed, and they should be."

Jake Johnson ·

Fòs Feminista

As US Rolls Back Reproductive Rights, Sierra Leone Moves to Decriminalize Abortion

"I'm hopeful today's announcement gives activists in the U.S., and especially Black women given the shared history, a restored faith that change is possible and progress can be made."

Brett Wilkins ·

President Joe Biden speaks to governors

'Indefensible': Outrage as New Reporting Shines Light on Biden Deal With McConnell

The president has reportedly agreed to nominate an anti-abortion Republican to a lifetime judgeship. In exchange, McConnell has vowed to stop blocking two Biden picks for term-limited U.S. attorney posts.

Jake Johnson ·

Common Dreams Logo

To donate by check, phone, or other method, see our More Ways to Give page.