Republicans Caving to Dems on Tax-Reform?


While Democrats continue to criticize the Republican House tax-reform plan as a big favor to the rich at the expense of the middle class, analysts are discovering it adds a little-noticed surcharge for the wealthy that effectively creates a 46 percent tax bracket, Politico reported.

While House Republicans claim the tax plan keeps the top individual rate unchanged at 39.6 percent, the proposed surcharge on Americans who earn more than $1 million in taxable income would trigger an extra 6 percent tax on the next $200,000 they earn.

Steve Moore, a tax expert at the Heritage Foundation, told Politico he was unaware of the surcharge.

“I was just in a briefing with …

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