JCT: Middle class gets quarter of individual tax cuts in GOP tax bill

JCT: Middle class gets quarter of individual tax cuts in GOP tax bill
© Greg Nash

About a quarter of the tax cuts for individuals included in the GOP tax bill would go to middle-class Americans, a new analysis of the bill found.

The Joint Committee on Taxation found in an analysis released Monday that middle-class taxpayers would get about $61 billion in tax cuts in 2019 under the bill, according to the analysis.

About 23 percent of tax cuts for individuals in the bill would go to those in the middle class.

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However, those same individuals would see their taxes rise overall after a decade, according to the report.

The middle class, Americans making between $20,000 and $100,000, make up about half of the people filing taxes in the U.S., The Wall Street Journal reported.

The top bracket analyzed in the report, those making $500,000 or more each year, would see about $61 billion in tax cuts in 2019, the report found. That level of income makes up about 1 percent of tax filers each year, according to the Journal.

Republicans, including President TrumpDonald John TrumpSenate GOP budget ignores Trump, cuts defense Trump says he'll nominate Stephen Moore to Fed White House: ISIS territory in Syria has been 100 percent eliminated MORE, have touted the plan as benefiting middle-class Americans.

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellTrump: Green New Deal 'the most preposterous thing' and 'easy to beat' 2020 Dems avoid this year's AIPAC conference GOP eager to exploit Dem court-packing fight MORE at first said that no one in the middle class would see a tax increase under the plan, but later walked back the claim.

Democrats have argued that the middle class would be hurt by the bill.

Congress is expected to vote on the bill Tuesday.