WASHINGTON — President-elect Donald Trump’s proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million families — including a majority of single-parent households — the opposite would occur: They’d pay more.
Most married couples with three or more children would also pay higher taxes, an analysis by the nonpartisan Tax Policy Center found. And while middle-class families as a whole would receive tax cuts of about 2 percent, they’d be dwarfed by the windfalls averaging 13.5 percent for America’s richest 1 percent.
“If you’re a low- or moderate-income single parent, you’re going to get hurt,” said Bob Williams, a fellow at the Tax Policy Center.
Other analysts, including economists at the conservative Tax Foundation and right-of-center American Enterprise Institute, have agreed with these conclusions.
All independent analyses show most of the benefit flowing to the wealthiest Americans. Nearly half of Trump’s tax cuts would go to the top 1 percent of earners, the Tax Policy Center found.
Less than a quarter of the cuts would benefit the bottom 80 percent.
By contrast, the wealthiest 1 percent — those earning over $700,000 — would enjoy a tax cut averaging nearly $215,000, boosting their after-tax incomes 13.5 percent.
And the richest 0.1 percent — those making above $3.7 million — would receive a bonanza: An average tax cut exceeding $1 million.
“Trump’s campaign rhetoric may have been populist, but his tax plan isn’t,” Howard Gleckman, a senior fellow at the policy center, wrote on its website.