Photo via Senate Democrats/Flickr (CC-BY) Screenshots via Bob Casey/Twitter (Fair Use)

Senator tweets all the ways the GOP tax plan could hurt you

Sen. Bob Casey is making sure America understands what's in the bill.

 

Andrew Couts

Tech

Published Nov 6, 2017   Updated May 22, 2021, 12:02 pm CDT

Tax law is complex, dense, boring—and one of the most important issues facing everyday Americans.

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In an attempt to take some of the mystery and labor out of the major tax proposal from House Republicans, Sen. Bob Casey (D-Pa.) is tweeting out all the issues he sees as problematic, based on an assessment of the legislation by the Joint Committee on Taxation (JCT). Casey is focusing entirely on how some Americans will lose out if—or, perhaps more likely, when—the “Tax Cuts and Jobs Act” becomes law.

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In case you don’t follow Casey, or simply don’t use Twitter, we’ve collected his relevant tweets below:

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The JCT found that the tax plan would add $1.5 trillion to the national debt and overall provide lower benefits to middle-income Americans than President Donald Trump promised while giving the bulk of the benefits to millionaires and other wealthy Americans.

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That said, whether you’ll pay more or less in taxes under the GOP plan depends upon a wide number of factors, such as whether you have children, whether you own your home (and the size of your mortgage), your state and local tax rates, which tax bracket you or your family would fall into, and more.

Congressional Republicans aim to pass their tax plan before the end of the year. But given the contentious nature of the legislation and the combative attitudes in Congress, nothing is written in stone—at least not yet.

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*First Published: Nov 6, 2017, 2:22 pm CST