October 17, 2021

US Republican tax plan to favor rich, cost $2.4 trillion: study

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Plans unveiled this week for broad-based US tax cuts would mostly benefit the very rich while lowering government revenues by $2.4 trillion over a decade, according to an analysis released Friday. Furthermore, while most income groups would see lower taxes on average in 2018, in a decade some middle-class taxpayers would on average end up paying more…