<p>TPC: Senate Tax Bill Would Reduce Taxes for All in 2019, 2025</p>

TPC: Senate Tax Bill Would Reduce Taxes for All in 2019, 2025

Urban-Brookings Tax Policy Center

The Tax Cuts and Jobs Act, as passed by the Senate, would reduce taxes on average for all income groups in both 2019 and 2025, with higher income households generally receiving larger average tax cuts as a percentage of after-tax income, the Urban-Brookings Tax Policy Center said in a December 4 analysis.

<p>The Tax Cuts and Jobs Act, as passed by the Senate, would reduce taxes on average for all income groups in both 2019 and 2025, with higher income households generally receiving larger average tax cuts as a percentage of after-tax income, the Urban-Brookings Tax Policy Center said in a December 4 analysis.</p>