Kevin Brady: “I include in the Record the Joint Committee on Taxation analysis that shows that families earning $75,000 or $100,000…”

“I include in the Record the Joint Committee on Taxation analysis that shows that families earning $75,000 or $100,000 are four times more likely to have a tax hike under this bill than a tax cut. Nonpartisan Tax Scorekeeper: Average Working Family Is More Likely To Be Worse Off Than Better Off Under Democrats' Tax Plan Working families will be worse off under Democrats' higher taxes, according to a new analysis from the nonpartisan Joint Committee on Taxation. This is another devastating blow for families after the Congressional Budget Office revealed that Democrats' supercharged IRS expects to grab $20 billion from lower- and middle-income earners. Working Families at High Risk of Tax Hikes Democrats have once again tried to hide the real effects of this bill. New analysis from the nonpartisan Joint Committee on Taxation (JCT) shows that the average working family is more likely to be worse-off than better-off under Democrats' tax plan. For median-income families earning $50,000-$75,000, households are 33 percent more likely to have a tax hike than a tax cut. It gets worse for every dollar earned--families earning $75,000-$100,000 are four times more likely to have a tax hike than a tax cut, and families earning $100,000-$200,000 are more than ten times more likely to have a tax hike than a tax cut. The bill does nothing--or makes things worse--for regular working families.…”