Wednesday, December 20, 2017

Big Families May Get Bigger Tax Bills Under New Plan - UPDATED


But evangelicals cheer higher child tax credit.

Projections indicate that the majority of married couples with zero, one, or two kids using the standard deduction under the new GOP tax plan would end up owing less each April. But what if you have three, five, or seven kids?

Big families, including pro-life religious conservatives with plenty of offspring, may be less likely to see a tax cut under the new plan, which the House of Representatives passed on Tuesday. The Senate also passed the measure early Wednesday morning, and the House will re-vote on changes later today before sending it to the President for approval before Christmas. Read More

Related:
New: The most surprising winners from Trump’s ‘America First’ tax plan are not American
New: The Trojan Horse in the Tax Bill
Poll: Trump and GOP never intended to strike a bipartisan tax deal
Steve Israel: The GOP just bet their majority on a tax plan no one likes
GOP Poised For Tax Victory, After A Brief Delay

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