New GOP Tax Plan Gives Richest 1 Percent $28B in Tax Cuts - More Than Savings for Bottom 60 Percent Combined
Briefly

The average member of the 1 percent would save $16,550 under the plan.A person in the bottom 20 percent would save $40.House Speaker Kevin McCarthy speaks to reporters as he walks to the floor of the House Chambers at the U.S. Capitol Building on June 6, 2023, in Washington, D.C. Anna Moneymaker / Getty Images After spending months threatening to tank the economy over the federal deficit, Republicans have unveiled a set of new tax proposals that would cost the government billions of dollars - by handing tens of billions of dollars of tax cuts to the richest 1 percent of Americans, as a new report reveals.
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