<p>Higher Income Taxes for All After 2025 Under GOP Bill, ITEP Says</p>

Higher Income Taxes for All After 2025 Under GOP Bill, ITEP Says

Institute on Taxation and Economic Policy

Under the Senate GOP tax bill, taxpayers at all income levels would face an increase in personal income taxes after 2025, passthrough businesses would face tax hikes after 2025, and 15 states and the District of Columbia would disproportionately benefit from the corporate tax changes, the Institute on Taxation and Economic Policy said in a November report.

<p>Under the Senate GOP tax bill, taxpayers at all income levels would face an increase in personal income taxes after 2025, passthrough businesses would face tax hikes after 2025, and 15 states and the District of Columbia would disproportionately benefit from the corporate tax changes, the Institute on Taxation and Economic Policy said in a November report.</p>