Historically high income inequality? "Let's give tax cuts to millionaires!" say House Republicans

Apr 13th, 2017

What could tax day 2018 look like? The Center on Budget and Policy Priorities provides this analysis. Here's a highlight:

"Under both the Trump campaign plan and House Republicans’ “Better Way” plan, households with annual incomes above $1 million — less than 1 percent of households — would receive a disproportionate share of the tax cuts."

"Millionaires would receive on average $302,000 in 2025 under the House GOP plan, boosting their after-tax incomes by 11 percent."