The House of Representatives voted 227 to 203 on Tuesday to pass the final version of the GOP Tax Cut and Jobs Act.
Lawmakers had just four days to read through the 503-page bill after it was released on Friday. Just hours before the House was set to vote, even top Republicans on the tax writing committee couldn’t speak to the basic details of the bill. The individual mandate, a provision of the Affordable Care Act that required individuals be covered by heath insurance or face a tax, is repealed in the bill.
Middle-class Americans, who Trump and his administration have repeatedly stated will stand to benefit the most from the GOP tax plan, will likely see a tax hike or little-to-no difference in their taxes.
More than 3/4’s of the Trump-GOP tax bill would go to the top 20% of taxpayers and foreign investors in 2019. 1 billion dollars under the plan, but because he hasn’t released his taxes, there’s no way of knowing the exact extent to which his tax plan benefits Trump.Join The Conversation