“The House Republicans’ proposal for tax relief could force the government to borrow trillions of dollars to continue operating and might even weaken the economy, according to a new analysis from the nonpartisan Tax Policy Center. By 2025, when the reductions would be fully implemented, 99.6 percent of the tax cuts would benefit the wealthiest 1 percent of Americans, according to the analysis. This group would enjoy the greatest relief as a share of their income (increasing their incomes after taxes by 10.6 percent on average) and in terms of dollars (an average annual savings of $240,000 for each household).” 

Source: Max Ehrenfreund. “Analysis: By 2025, 99.6% Of Paul Ryan’s Tax Cuts Would Go To The Richest 1% Of Americans.” The Washington Post. September 16, 2016. https://www.washingtonpost.com/news/wonk/wp/2016/09/16/analysis-by-2025-99-6-of-paul-ryans-tax-cuts-would-go-to-the-richest-1-of-americans/

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