Less than a quarter of the tax cuts for individuals included in the GOP tax bill would go to middle-class Americans, according to a new analysis by Congress’ own bipartisan Joint Committee on Taxation (JCT) released just hours before the final vote on the legislation.
The JCT analysis found that middle-class individuals would get about 23 percent of tax cuts for individuals, or about $61 billion in tax cuts in 2019, under the GOP tax bill.
However, the report also found that middle-class individuals would see their taxes rise overall after a decade.
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 report found that those making $500,000 or more each year, the top bracket analyzed in the report, would also see about $61 billion in tax cuts in 2019. The Hill notes that this “level of income makes up about 1 percent of tax filers each year.”
Republicans have touted the bill as benefitting middle-class Americans, while Democrats have argued that the legislation benefits the wealthy at the expense of the middle class.
Congress is expected to hold a final vote on the GOP tax bill on Tuesday.