House Speaker Paul D. Ryan, shown in May, says of the GOP tax plan: “The entire purpose of this is to lower middle-class taxes.” (Melina Mara/The Washington Post)Republican leaders on Sunday were unable to guarantee tax cuts for all middle-class workers as a part of a tax plan that GOP leaders have pledged to produce by the end of the year. “The entire purpose of this is to lower middle-class taxes,” Ryan said in an interview on CBS’s “Face the Nation.” “So yes, people are going to get tax cuts. (The Washington Post)Ryan rejected those concerns Sunday, saying middle-class families are the motivating force behind the tax overhaul plan. “Those are all middle-class tax things,” Ryan said. A study released Friday by the nonprofit Tax Policy Center found that the top 1 percent of earners would see nearly 80 percent of the benefits under the GOP tax plan, while those earning between $150,000 and $300,000 would see a slight tax increase.

Source: Washington Post October 01, 2017 21:00 UTC