Everything You Need To Know About The GOP’s Tax Plan

“Today we are taking the next step to liberate Americans from our broken tax code. This unified framework delivers a new tax code that is simple, that is fair, that is pro-growth and pro-family: cutting taxes on hard-working Americans so that you can keep more of your own hard earned paycheck, simplifying the tax code so that you can file your taxes on a form the size of a post card.”

Senator Tim Scott shared similar sentiments:

“If I could say it as simply as possible, I would say that this tax reform conversation is about #keepyomoney.”

Opposition From Democrats

Conversely, Democrats vehemently oppose the aforementioned tax plan. Statements from Senate Minority Leader Chuck Schumer are as follows:

“They raise the bottom rate from 10 to 12 percent, the lowest rate on the poorest and working-class Americans. So what the plan does is, the top rate on the wealthiest comes down and the bottom rate on working-class families goes up. What kind of plan is this?”

Other Democrats agree with Schumer and argue that Republicans’ tax plan helps the wealthy and harms the poor.