Ben Cassselman

November 7, 2017

House tax plan benefits richest 1 percent

The wealthiest 1 percent of Louisianans will get the greatest share of the tax cut plan proposed by the U.S. House of Representatives. And the share of the tax cuts going to the top 1 percent would grow through 2027, according to a 50-state analysis of the House tax plan released yesterday by the Institute on Taxation and Economic Policy (ITEP).

Number of the Day

48 percent - The top one percent of earners’ share of the proposed House tax cut in 2027  (Source: Center on Budget and Policy Priorities)