Shortly after the GOP’s tax reform bill titled “The Tax Cuts and Jobs Act” was released, Speaker of the House Paul Ryan said that the bill would save the average American family $1,182 per year. While the bill is certainly a tax cut for the average American if that’s true, it doesn’t tell the whole story.
The bill won’t affect all taxpayers the same way. Some Americans could indeed see a tax cut of $1,182 or more, while others could actually see their taxes go up.
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