The latest news in the battle over the Republican tax plan is here.
The Republican plan, if enacted, would increase taxes on households earning $250,000 or more by 20% on average, and increase the top marginal tax rate from 39.6% to 39.9%.
The Tax Policy Center estimated that if the tax cut was enacted at current levels, the plan would increase GDP by 0.8% and reduce tax revenue by $1.1 trillion over 10 years.
But there’s more to this than just GDP.
The Republican tax cut would also reduce the tax burden of the wealthy.
The Tax Policy Institute estimated that the tax cuts would reduce federal revenue by about $10,000 per household, on average.
And by raising taxes on the middle class, the GOP tax plan would actually increase income inequality by a bit, according to the Joint Committee on Taxation.
While the GOP’s tax plan could raise revenue, it’s not likely to make up for lost revenue, especially with the tax bill that was signed into law by President Donald Trump.
The House passed the tax reform bill last week, and the Senate is expected to approve the tax plan this week.
But there’s a problem: There’s no way the House can pass the bill without a bipartisan consensus on the bill.
The House and Senate have a long history of voting separately on legislation that differs in key details from the Senate version.
That means that the Republican-controlled House will have to pass the Senate’s bill with a bipartisan agreement, and it’s likely that they won’t be able to do that.
So what does this mean for the Republicans’ tax plan?
The biggest issue facing Republicans right now is whether to go forward with a bill that is very similar to the Senate bill.
The House and the Democratic-controlled Senate have already reached a deal on the Senate plan, and they will likely pass it without a single Republican defector.
But that deal will be much more fragile if Republicans pass the House bill.
If the House passes the Senate tax bill, it will be extremely difficult for the House to pass its own version of the bill because the Senate would need to pass their version in order to pass it into law.
And that’s a big problem for Republicans, because the House is going to be forced to choose between the two bills in order for them to pass.
And if Republicans can’t pass the final version of their tax bill in the House, they will have a very tough time convincing other members of Congress that they’re really for the middle-class.
So the only way that they can pass their own tax bill is if there is a very strong bipartisan agreement.
That’s not going to happen unless Republicans have a strong agreement with Democrats and with the White House.
The biggest risk facing Republicans is that the Senate legislation will be too good to be true.
The Senate tax plan includes a number of tax cuts that are very popular with Republicans.
For example, the Senate passed a version of its tax plan that was far less generous to the middle classes than the House version, which included a provision that allows the top income tax rate to be cut to 25% for people earning more than $1 million per year.
That’s an incredibly popular tax cut, and there’s no reason why the Senate shouldn’t pass a bill similar to this.
And there’s nothing to suggest that the House will pass a plan similar to their own.
But the House Republicans’ bill does contain a number other goodies that Republicans claim are supposed to boost the economy.
For instance, the House plan would repeal the estate tax, which requires Americans to pay a tax on their heirs’ wealth in order that the government can tax their estate.
The estate tax is also unpopular among Republicans, who are generally opposed to it.
Some House Republicans are also calling for tax cuts for businesses, like a provision to make it more attractive to move overseas.
And Republicans are likely to include a provision on the budget that would allow them to offset some of the tax breaks the Senate had passed with cuts to domestic programs.
These tax cuts are good for business and the wealthy, but they’re also good for the economy and the middleclass.
And they’re one of the main reasons why many economists believe that the GOP plan would produce a positive effect on the economy in the long run.
But Republicans are facing an uphill battle in the Senate, and this is one of many potential stumbling blocks that will make it very difficult for them pass their bill.