<p>GOP Bill Raises Taxes on Bottom 60 Percent by 2027, ITEP Says</p>

GOP Bill Raises Taxes on Bottom 60 Percent by 2027, ITEP Says

Institute on Taxation and Economic Policy

Under the conference agreement on the Tax Cuts and Jobs Act, the bottom three-fifths of Americans by income will receive smaller average tax cuts as a share of income than other groups in 2019 and will see a tax hike on average in 2027, the Institute on Taxation and Economic Policy said in a December report.

<p>Under the conference agreement on the Tax Cuts and Jobs Act, the bottom three-fifths of Americans by income will receive smaller average tax cuts as a share of income than other groups in 2019 and will see a tax hike on average in 2027, the Institute on Taxation and Economic Policy said in a December report.</p>