Congress’s Joint Committee on Taxation states that middle-class households (those with incomes of $20,000-$100,000) will get only 23% of the tax bill’s benefits to individuals (“Tax Cuts’ Impact Assessed,” U.S. News, Dec. 19). That leaves 77% of the tax cut accruing to mostly higher-income households. How in all honesty can proponents repeatedly call this a middle-class tax cut? Meanwhile, the household tax savings will accrue only in the early years and then peter out; this seems convenient for politicians wishing to get...

Source: Wall Street Journal December 25, 2017 17:48 UTC