PhotoThe Republican tax proposals were bad from the get-go. It lavishes generous permanent tax breaks on corporations, while modest tax cuts for the middle class would vanish into thin air after 2025. Millionaires would enjoy average tax cuts of $5,580 in 2027, according to the Joint Committee on Taxation, at which point families earning less than $75,000 a year would pay more taxes. This tax bill would take money from working families and give it to the world’s wealthiest people. View all New York Times newsletters.

Source: New York Times November 16, 2017 20:35 UTC