Topics: Archaeology News -- ScienceDaily

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Tucked into Republicans’ tax overhaul bill is a technical tweak to how inflation is measured. The change is designed to hold down the deficit, but over time it becomes a significant tax increase that hits many of the same middle-class households who start out as the plan’s beneficiaries.

Both the House and Senate versions of the tax bill would adjust the income thresholds at which tax rates change using a “chained” measure of inflation rather than the better-known consumer-price index.

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We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy .

Tucked into Republicans’ tax overhaul bill is a technical tweak to how inflation is measured. The change is designed to hold down the deficit, but over time it becomes a significant tax increase that hits many of the same middle-class households who start out as the plan’s beneficiaries.

Both the House and Senate versions of the tax bill would adjust the income thresholds at which tax rates change using a “chained” measure of inflation rather than the better-known consumer-price index.

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In comparison to the size of pie you gave away on tax cuts, what you gave middle class and poor were mere crumbs while the wealthy and corporations got multiple slces each

Many many many poor people need promoted to middle class!

Geezer. Fantastic, i’ve called geezer by a middle class child.

A conservative commentator got called out for perpetuating a stereotype that has long hurt Asian immigrants during a CNN discussion Thursday night about President Donald Trump’s reported labeling of Haiti and African nations as “shithole countries.”

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White societies are seen as a threat. Middle class to be replaced by elites and indentured servants. The Chosen People of course will be the ruling class.

Both Democrats and Republicans didn"t have a big problem with Yemen"s war, and the human rights situation there ( they all worried about human rights in Iran only ) same thing with his new tax bill which will destroyed the middle class in the country

Really? What about older working middle class that can barely afford meds? Where"s our break? Oh I get it we get to continue to pay for you rich assholes. Thanks for nothing. YOU RAISED my taxes! No pay increase, just left us out in the cold

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Makeamericagreatagain Trump America First Trump bring back jobs Trump grow the economy Trump give tax relief to the middle class Trump president Trump has done all of these and much more and the Democrats attack him on all of this told you they had a weird way of thinkingmaga

Well I know Mueller is following the $ , jesus these guys are so greedy, 11 minutes into speech millions are being made, middle class 45 never plans on helping you or the poor. What a con they are!

There are a few things I"ve learnt from this. The 1st is already practiced here in Nigeria, middle class family pay for extra tutoring ( after school classes ) , which is an extension of learning hours. Some schools even offer this as a service.