Shareholders Will Be the Real Winners in the GOP’s Corporate Tax Cut—Not Your Paycheck

On Tuesday, Congressional Republicans rushed through their tax bill—which the House has to revote on—on straight party-line votes in the House and Senate. And despite repeated claims from bill proponents that their bill is focused on middle-class tax relief, the final bill is instead primarily a vehicle for permanent corporate tax cuts.

The bill includes some tax cuts for families, but these cuts are both temporary and tilted toward high-income households. Even in the initial years, millions of families end up paying more. And in the long run, the bill uses reduced spending on health programs and permanent middle-class tax increases to pay for these corporate cuts.

This article was originally published in Fortune.