Gene Sperling

GOP tax plan may offer little aid for many in middle class

How much of the House GOP tax plan is tailored to benefit America's middle class? That's uncertain based on the details that have been provided so far.

What is clear is that many of the benefits for the middle class could dwindle over time, even while companies and wealthy individuals could enjoy lasting tax advantages.

The plan promises tax savings next year of $1,182 for a typical household of four with gross income of $59,000, leaving their tax bill at $400.

"We are focused on increasing paychecks in a major way," said Rep. Kevin Brady, the Republican chairman of the House Ways and Means Committee.

But the proposal's conflicting provisions and...

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