Republican Tax Bill Poised To Benefit The Wealthy

NEW YORK, NY - NOVEMBER 30: A woman walks by a homeless man along a Manhattan street on November 30, 2017 in New York City. Republicans are coming closer to getting the votes needed to pass their proposed tax cut which many economists predict will benefit the wealthy at the expense of the poor and middle class. According to the Joint Committee on Taxation and the Congressional Budget Office, by 2027 under the prosed tax cuts those earning $1 million or more would see a combined $5.8 billion tax cut while those earning $40,000 to $50, 000 would see their taxes rise by a combined $5.3 billion. (Photo by Spencer Platt/Getty Images)