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If you disapprove of this mess of a tax plan, you’re a) not alone, and b) not a House/Senate Republican

Summary:
Over at WaPo. Most of the numbers on showing whose taxes go up under this plan focus on years from now, when it’s fully phased in. For example, by 2027, 70% of households with incomes below 0K (that’s about 150 million) either face tax increases or not much change at all. But as I show in the piece, referencing some useful analysis by the WSJ, some families that lose deductions (state/local, medical expenses) get dinged right away. Share the post "If you disapprove of this mess of a tax plan, you’re a) not alone, and b) not a House/Senate Republican"

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Over at WaPo.

Most of the numbers on showing whose taxes go up under this plan focus on years from now, when it’s fully phased in. For example, by 2027, 70% of households with incomes below $200K (that’s about 150 million) either face tax increases or not much change at all.

But as I show in the piece, referencing some useful analysis by the WSJ, some families that lose deductions (state/local, medical expenses) get dinged right away.

Jared Bernstein
Jared Bernstein joined the Center on Budget and Policy Priorities in May 2011 as a Senior Fellow. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, Executive Director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team. Prior to joining the Obama administration, Bernstein was a senior economist and the director of the Living Standards Program at the Economic Policy Institute, and between 1995 and 1996, he held the post of Deputy Chief Economist at the U.S. Department of Labor.

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