In GOP plan, taxes go down for most Americans, but wealthy get the biggest cut

House Republicans' tax bill would increase taxes for 12 percent of Americans next year, according to a new report from the nonpartisan Tax Policy Center. By 2027, at least 28 percent of Americans would see their taxes rise, the report says. Many of those taking a hit would be people who make less than $48,000 a year.

The vast majority of Americans would get a tax cut if the bill becomes law, TPC found, but the rich would benefit the most. The finding comes amid intense debate over whether this bill does enough to help the middle and working classes, a key promise of President Donald Trump.

The middle of the middle - those making $48,000 to $86,000 - would get an average tax cut of $700 next year, according to TPC. Meanwhile, taxpayers in the top 1 percent (those making more than $730,000) would receive an average cut of $37,000 next year, and the top 0.01 percent (those making more than $3.44 million) would see their after-tax incomes rise by an average of $179,000 in 2018.

'The largest cuts in terms of dollars and as a percentage of after-tax income would accrue to the higher-income households,” TPC wrote.

Since the wealthy pay more in taxes, some Republicans have argued it makes sense for them to get a bigger tax cut in dollar terms. But TPC also looked at the percent change in after-tax income for the poor, middle class and rich. Using that metric makes it easier to compare across the income groups. According to TPC, the middle class would get a 1.2 percent boost to their after-tax income, while taxpayers in the top 1 percent would get a 2.5 percent boost. The bottom 40 percent would get almost no benefit.