News

Report: Middle class Americans to pay more in income taxes under plan being debated

Posted: Updated:
WASHINGTON, D.C. -

A new report says millions of middle class Americans will pay more in income taxes under the plan being debated in the Senate.

The 'non-partisan' Joint Committee on Taxation says some 14 million households making less than $200,000 a year would see an immediate increase of up to $500.

The report says a total of 21 million homes would be paying more by 2025.

The biggest factors in the projected increase are the elimination of deductions for state and local property and income taxes.   

  • Connecticut PoliticsPoliticsMore>>

  • DACA beneficiaries await Congress with uncertainty

    DACA beneficiaries await Congress with uncertainty

    Tuesday, January 23 2018 6:09 PM EST2018-01-23 23:09:07 GMT
    The federal government's shutdown has come to an end, but the fate of young undocumented immigrants remains in limbo after lawmakers left them out of the compromise.The federal government's shutdown has come to an end, but the fate of young undocumented immigrants remains in limbo after lawmakers left them out of the compromise.

    The federal government's shutdown has come to an end, but the fate of young undocumented immigrants remains in limbo after lawmakers left them out of the compromise.

    The federal government's shutdown has come to an end, but the fate of young undocumented immigrants remains in limbo after lawmakers left them out of the compromise.

  • CT senators vote against ending government shutdown

    CT senators vote against ending government shutdown

    Monday, January 22 2018 6:18 PM EST2018-01-22 23:18:59 GMT
    Connecticut's two United States senators voted Monday afternoon against ending the filibuster that has essentially shut down the federal government.Connecticut's two United States senators voted Monday afternoon against ending the filibuster that has essentially shut down the federal government.

    Connecticut's two United States senators voted Monday afternoon against ending the filibuster that has essentially shut down the federal government.

    Connecticut's two United States senators voted Monday afternoon against ending the filibuster that has essentially shut down the federal government.

  • News

    Back to work: Government shutdown ends after Dems relent

    Back to work: Government shutdown ends after Dems relent

    Monday, January 22 2018 9:15 PM EST2018-01-23 02:15:21 GMT
    Senate advances bill to reopen governmentSenate advances bill to reopen government

    President Donald Trump signed a bill reopening the government late Monday, ending a 69-hour display of partisan dysfunction after Democrats reluctantly voted to temporarily pay for resumed operations.

    President Donald Trump signed a bill reopening the government late Monday, ending a 69-hour display of partisan dysfunction after Democrats reluctantly voted to temporarily pay for resumed operations.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."