Republican Tax Plan Is Now Officially Batshit Crazy

The Republican tax bill has gone from bad to completely, bugshit nuts. Via the Joint Committee on Taxation, here’s the latest estimate of how the Senate version of the bill will change the taxes you pay:

This is not a typo. By 2027, middle-class taxpayers will, on average, pay about $400 more than they would under current law. The rich will pay several thousand dollars less. Here are the changes in tax rates:

Have Republicans gone crazy? They can’t seriously be thinking of passing this thing, can they?

UPDATE: I’ve changed the top chart because it was confusing. JCT calculates the total amount that each income class will pay, and unless you look at the chart closely it appears that a middle-class taxpayer will pay $4-8,000 more in taxes. In fact, they will collectively pay $4-8 billion more. I’ve divided each income class by the number of households in the class to get an average per household.¹ This is what the new chart shows.

¹It’s actually the average per “tax unit,” but it’s pretty much the same thing.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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