GOP Tax Bill Is Full Of Uncertainty: Who Are Real Winners And Losers?

Republicans in the U.S. House of Representatives have unveiled their tax reform bill, claiming that it will aid economic growth. A recent Politico Morning Consult poll shows that the plan has garnered mixed support, mostly from small businesses, which are set to benefit from the proposed corporate tax rate reduction, and from parents, who are set to benefit from increasing the child tax credit.

But it remains unclear who will actually qualify for or benefit from the bill’s effects. It is really just about Washington once again deciding who does and does not have to pay taxes. It is not the free market. The tax reform plan is an attempt to engineer the economy, and it gives politicians the power to pick and choose who wins and who loses. Generally, the little guy loses and the big guy ends up winning.