JEC Democrats Release Charts on TCJA Impact

U.S. Joint Economic Committee

Among findings concerning the tax cuts from the Tax Cuts and Jobs Act are that 43 percent went to the top 5 percent of taxpayers in the law’s first year, 99 percent go to the top 5 percent after temporary provisions expire, and federal debt is projected to increase by $2 trillion, according to charts released by Joint Economic Committee Democrats.

<p>Among findings concerning the tax cuts from the Tax Cuts and Jobs Act are that 43 percent went to the top 5 percent of taxpayers in the law’s first year, 99 percent go to the top 5 percent after temporary provisions expire, and federal debt is projected to increase by $2 trillion, according to charts released by Joint Economic Committee Democrats.</p>