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GOP tax plan: A windfall for the rich

Monday, 20 November 2017 10:55 AM [ Last Update: Monday, 20 November 2017 10:55 AM ]

Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer

Tax reform fever grips Washington once again. Republicans say tax cuts need to happen sooner rather than later.

Senate Republican leaders released their tax proposal, a week after their colleagues in the House unveiled theirs. Opponents of the Republican tax plan say it is a windfall for the rich. Supporters argue that it will spur economic growth, enough to offset its costs. Who are the winners and losers of this tax overhaul? And how will it impact the US economy?

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