Why the GOP’s tax bill is likely to fail

A new report by the Tax Policy Center found that Republicans will likely fail to deliver on their promise to cut taxes for middle-income earners.

The report, released Thursday, was the first of its kind from the nonpartisan think tank and found that only 16.6 percent of Republican tax plans will actually increase taxes for the wealthy.

The rest will raise taxes for most Americans, including those with high incomes.

The Tax Policy Institute found that nearly all of the GOP tax plans would raise taxes on those making more than $250,000 a year.

The tax plan that has the highest number of millionaires would raise their taxes by $2,000, while the plan that is the least popular would raise the most.

The study found that the top 1 percent of earners would pay an average $1,300 in additional taxes under Republican plans.

The top 0.1 percent would pay $1.7 million.

The Tax Policy study said that most of the tax increases will be for middle class families and businesses.

Republicans have insisted that the GOP is a “landmark tax reform plan,” but the Tax Center found the GOP plans would not increase taxes on the rich.

The nonpartisan group said that “a number of GOP proposals would likely increase the income and wealth of the top 0 of 1 percent.”

The Tax Center said the Republican tax plan “is likely to deliver significant benefits to the rich, particularly the wealthy at the top.”

The Tax Center also said that Republicans have proposed tax cuts for businesses and wealthy individuals but will not offer tax cuts to low- and middle-class families.

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