<p>TPC Analyzes Distributional Effects of House Tax Reform Bill</p>

TPC Analyzes Distributional Effects of House Tax Reform Bill

Urban-Brookings Tax Policy Center

The Tax Cuts and Jobs Act, as passed by the House Ways and Means Committee, would cut taxes on average for all income groups in 2018 and 2027, with the largest cuts going to higher-income households, but at least 7 percent would see tax increases in 2018 and 24 percent in 2027, the Urban-Brookings Tax Policy Center said in a November 13 report.

<p>The Tax Cuts and Jobs Act, as passed by the House Ways and Means Committee, would cut taxes on average for all income groups in 2018 and 2027, with the largest cuts going to higher-income households, but at least 7 percent would see tax increases in 2018 and 24 percent in 2027, the Urban-Brookings Tax Policy Center said in a November 13 report.</p>