applies only to the wealthy

According to an analysis of the original bill from the nonpartisan Joint Committee on Taxation, the initial Tax Cuts and Jobs Act directed about 21 percent of its cuts to individuals of all income levels. Meanwhile, businesses reaped about 68 percent of the benefit, while a planned elimination of the estate tax which applies only to the wealthy would make up 11 percent of the overall revenue reduction. The changes Brady proposed Friday would further tilt the bill’s distribution of tax cuts toward corporations..
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