<p>TPC: Tax Bill Would Lower Taxes for All Income Groups in 2018, 2025</p>

TPC: Tax Bill Would Lower Taxes for All Income Groups in 2018, 2025

Urban-Brookings Tax Policy Center

The conference agreement on the Tax Cuts and Jobs Act would reduce taxes on average for all income groups in 2018 and 2025, but would barely change taxes for low- and middle-income groups in 2027, while lowering them for higher-income groups, the Urban-Brookings Tax Policy Center said in a December 18 analysis.

<p>The conference agreement on the Tax Cuts and Jobs Act would reduce taxes on average for all income groups in 2018 and 2025, but would barely change taxes for low- and middle-income groups in 2027, while lowering them for higher-income groups, the Urban-Brookings Tax Policy Center said in a December 18 analysis.</p>