Welcome, sign in or click here to subscribe.
Login: Password:
     


 

 

  Business

Subscriber content preview

November 14, 2017

Analysis: Senate bill would hike taxes for 14M

  • The nonpartisan congressional analysis finds that the measure would raise taxes in 2019 for 13.8 million households earning less than $200,000 a year.
  • By MARCY GORDON
    Associated Press

    WASHINGTON — Promoted as needed relief for the middle class, the Senate Republican tax overhaul actually would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday.

    The assessment by Congress' nonpartisan Joint Committee on Taxation emerged as the Senate's tax-writing committee started wading through the measure Monday afternoon, working toward the first major revamp of the tax system in some 30 years.


     
    . . .


    To read this story in full login or purchase a subscription.



    --