From Ted McLaughlin at jobsanger:
Friday night, the Republicans passed their onerous tax plan. Fifty-one of the fifty-two Republicans (with Corker as the exception) in the Senate voted for the plan. All Democrats and both Independents voted against the plan. While the plan is very similar to the one passed by Republicans in the House, there are differences that will have to be worked out. It looks like that will happen though.
The Republicans are celebrating. They are still telling voters that the plan is for the benefit of the middle class. That is laughable. The few tiny tax cuts given to the middle class will disappear by 2027, and then everyone making less than $75,000 a year will actually owe more in taxes than they currently do.
But its different for the rich. They will continue to enjoy the tax cut benefits after 2017, and so will the corporations — because their tax cut benefits are permanent.
This is NOT a middle class tax cut.