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>>

  • Republican gubernatorial candidates take part in debate

    Republican gubernatorial candidates take part in debate

    Thursday, July 19 2018 5:47 AM EDT2018-07-19 09:47:25 GMT
    Four of five Republican candidates for Connecticut governor took part in a debate Wednesday at Fairfield University.Four of five Republican candidates for Connecticut governor took part in a debate Wednesday at Fairfield University.

    Four of five Republican candidates for Connecticut governor took part in a debate Wednesday at Fairfield University.

    Four of five Republican candidates for Connecticut governor took part in a debate Wednesday at Fairfield University.

  • Himes to endorse Matt Blumenthal in 147th District race

    Himes to endorse Matt Blumenthal in 147th District race

    Saturday, July 14 2018 9:56 AM EDT2018-07-14 13:56:11 GMT
    A Democratic candidate for State Representative is receiving some major support.A Democratic candidate for State Representative is receiving some major support.

    A Democratic candidate for State Representative is receiving some major support. 

    A Democratic candidate for State Representative is receiving some major support. 

  • First selectman race neck-and-neck in New Canaan

    First selectman race neck-and-neck in New Canaan

    Wednesday, November 8 2017 1:13 AM EST2017-11-08 06:13:39 GMT

    With 100 percent of precincts reporting, Republican candidate Kevin Moynihan edged Democrat Kit Devereaux by just 33 votes -- but that total didn't include absentee ballots in the race for first selectman in New Canaan.

    With 100 percent of precincts reporting, Republican candidate Kevin Moynihan edged Democrat Kit Devereaux by just 33 votes -- but that total didn't include absentee ballots in the race for first selectman in New Canaan.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® 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®, Spectrum Networks® 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."