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flag Study shows Republican tax plan could hurt low-income earners, boost wealth of richest.

flag A Penn Wharton study reveals that the Republican tax package could lower after-tax incomes for low-earners while benefiting the wealthiest. flag Those earning between $17,000 and $51,000 may lose about $700, and those below $17,000 could lose up to $1,000. flag In contrast, the top 0.1% of earners could gain over $389,000. flag Additionally, the tax cuts are financed by reducing federal spending on programs like Medicaid and food stamps. flag The bill could raise taxes for Americans earning less than $30,000 by 2027, while millionaires see tax cuts.

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