Eleanor Holmes Norton: “It usually takes time to uncover a tax scam, but this graph tells the whole story of the Republican tax bill in a…”

“It usually takes time to uncover a tax scam, but this graph tells the whole story of the Republican tax bill in a glance. If the House bill passes, in 2018, taxes will probably go down, taxes for individuals; and that is the blue line. Income taxes will probably go down. So far so good. But follow the blue line for average U.S. taxpayers after 2019 and you will see income taxes from 2020 to 2027, the end of the time frame for this bill, go up. In fact, from 2019 to 2027, we see tax increases for average taxpayers. There is the blue line, and we see these increases take off steeply for average taxpayers. Now follow the red line for business income taxes. Business income taxes, like individual taxes, start off by going down, too. That means tax cuts. There they go. By 2020, business taxes, like individual income taxes, are still mostly level or going down. Then at 2020, business income taxes increase--the same with individual income taxes. Both go up. Then comes 2024. This is the divide line; the great divide between business income taxes and individual income taxes. Business income taxes turn abruptly down--there they go; there is the red line--while individual income taxes, just as abruptly, turn steeply up. There is the blue line. Individual tax increases. The graph showing individual income taxes going up is this blue line, but it represents what is happening in blue States and red States alike.…”