The answer is no. We provide tax relief at every level. I know the House tax reform plan that we passed; 70 percent of the tax relief goes to those families making less than 200,000.Kevin Brady, Member of the U.S. House of Representatives from Texas's 8th district
Interview on Sunday Morning Futures on
- The GOP Tax Plan Would Provide a Tax Cut at Every Level
While all levels would see a temporary cut, eventually some levels would see a tax increase.
That’s true initially, according to congressional analysts, but over time some income levels will pay more in taxes. That’s because the bill ends a new tax credit after 2022 and changes how tax brackets are adjusted for inflation, pushing more people over time into higher tax brackets.