Could Eliminate Child Poverty Twice Over
NOVANEWS
By Rachel West
This article was originally published at TalkPoverty.org.
Congressional Republicans are rushing to finalize their tax legislation before the holidays. They haven't held a single hearing, in part because their plan is one of the least popular pieces of legislation ever. It's easy to see why: The Senate version of the bill would raise taxes on most families making $75,000 or less per year by 2027, while tying a big bow on permanent tax cuts for millionaires and large corporations. And after years of panicking over the size of the deficit, Republican leaders are now planning to balloon it by a whopping $1.5 trillion over the coming decade.
That tells you a lot about Congress' priorities -- especially since, for less than the cost of the Republican tax plan, C...