But for nearly 8 million families — including a majority of single-parent households — the opposite would occur: They’d pay more.
About 5.8 million are led by single parents.
ICE Limitations. “This is not anywhere close to a final plan,” Williams said. And the richest 0.1 percent — those making above $3.7 million — would receive a bonanza: An average tax cut exceeding $1 million. Further, the Trump Tax Cuts and Jobs Act also repealed the Obamacare individual mandate, which serves as a giant middle-class tax cut. Previously, the campaign suggested that Trump would broadly instruct Congress to avoid raising taxes on lower- and middle-income workers. “Trump’s campaign rhetoric may have been populist, but his tax plan isn’t,” Howard Gleckman, a senior fellow at the policy center, wrote on its website. Battleground Tracker: Trump and Biden even in Ohio, as Biden leads in PA, With more mail-in ballots, officials urge patience on election night, Americans and the right to vote: Why it's not easy for everyone, Why some mail-in ballots are rejected and how to make sure your vote counts. However, the fact that the ultra-rich potentially pay a lower tax rate than the working class is a massive problem. His tax proposals suggest what may be a challenge for Trump’s administration: Providing his middle- and working-class supporters with tangible signs of economic progress.
Get the latest breaking news delivered straight to your inbox. His proposals, he contended, would help create 25 million jobs over the next decade.
Those earning nearly $50,000 to about $83,000 — the middle one-fifth — would receive an average cut of $1,010, according to the Tax Policy Center. And President Trump is the first president to include a plan for national paid family leave in his budget! And while most working- and middle-class families saw a temporary tax cut, the permanent tax cuts for corporations are paid for by permanent tax increases on the middle-class. That limits the scope of what tax cuts could do for them. This material may not be published, broadcast, rewritten, or redistributed.
By contrast, the wealthiest 1 percent — those earning over $700,000 — would enjoy a tax cut averaging nearly $215,000, boosting their after-tax incomes 13.5 percent.
In addition to these employee benefits, America’s middle class is seeing direct tax relief. “The thing that he needs to worry about is making life better for his supporters, and that involves more than tax cuts,” Williams said. “I would want him to explain that to me,” she said. Yet all independent analyses show most of the benefit flowing to the wealthiest Americans.
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