The GOP touts that what it wishes to do is double the standard deduction to $24,000.00. So, besides the tax plan being a wolf in sheep’s clothing due to all the deductions it takes away from the Middle class, and impacts seniors on Medicare while making the wealthier wealthier ("The GOP Tax Plan-A Wolf In Sheep's Clothing"), it nails itemizers, whether in the middle class or not. The GOP plan would replace these figures with one standard deduction of $12,000, again $24,000 for married couples. This amounts to a 15% increase; 3% increase for seniors ("The 'Doubled' Standard Deduction In The GOP Tax Plan Is a Lie"). Again remember that the Republican tax plan tells the itemizer that instead of all itemized items and the exemptions, the couple gets $24,000.

Source: Huffington Post November 24, 2017 21:22 UTC