From the Trussville Tribune staff reports
WASHINGTON, D.C. — A new study shows that moderate-income people would benefit the most from tax cuts as part of the Republican’s new tax plan, Politico reports.
In 2019, the report says, people earning between $50,000 and $70,000 annually would see taxes fall by 7.1 percent; people earning between $20,000 and $30,000 would see 10.4-percent tax cut.
Republicans have repeatedly stated that they hope to have a new tax plan passed into law by Christmas.