3 Ways The GOP's Tax Plan Could Hurt Families If It Becomes Law

Ad failed to load

Last week, Republicans in the Senate rammed through a tax bill with the potential to massively reshape the country's economy. And while the nearly 500-page plan contains plenty good news for corporations and the wealthy, it also has the potential to affect middle and lower-class families in a not-so-positive way. Here are just three of the ways the GOP's tax plan could hurt families.

It's important to note that the tax bill still has to go through a few hurdles before becoming law. The Senate plan differs from the plan that passed the House of Representatives, and Congress will have to reconcile those two bills before sending an official plan to be signed by President Donald Trump. At least one senator, Susan Collins (R-Maine) has stated that she will not guarantee her support for the final version of the tax bill until she knows what's in it, according to The Hill. Still, it seems extremely likely that Republicans desperate to produce a legislative achievement will unite, and push the plan forward into law, according to Jim Tankersley and Alan Rappeport at The New York Times.

And many parts of the plan do sound good. Prominent Republicans are touting the GOP tax plan as a huge tax cut for all and a big win for the middle class, with Trump going so far as to say, in a speech, "The beating heart of our plan is a tax cut for working families." But as The Atlantic pointed out, the idea that the GOP tax plan will primarily help middle and lower class families is a big old myth.

Ad failed to load

No Long-Term Relief

Under the GOP tax plan, most families will get an initial tax cut. However, while the corporate tax cuts in the Senate plan are permanent, the bill has the individual ones expiring after 2025. And according to The Washington Post, an analysis from the official congressional nonpartisan analysts the Joint Committee on Taxation found that, by 2027, taxes would actually go up for families making between $10,000 and $75,000 a year under the Senate bill.

Ad failed to load

Wealthier Americans, however, would likely still be benefitting from that sweet, sweet corporate tax cut, and continuing to pay less, according to the same report.


Ad failed to load

Another way that the tax plan could hurt families is through the quality of public education. According to Quartz, a report from the Government Finance Officers Association found that public school budgets will likely be affected in huge ways under the Senate's new tax plan. It's a bit complicated but basically, the new plan would no longer allow people to deduct state and local taxes from their federal income taxes (another way this plan hurts middle and lower class families), and so the GFOA projects that citizens will pressure their towns to cut taxes. A popular place to slash budgets? Local schools.

And if the certain parts of the House plan that aren't in the Senate bill stick around through conference committee, education could be affected even more. The House plan would no longer allow teachers to deduct the cost of school supplies up to $250, and would take away tuition waivers from graduate students, making the cost of a graduate education prohibitive to large swaths of current and future students. (The Senate plan would actually allow teachers to deduct up to $500 worth of school supplies, and does not include the graduate school provision.) All of that would add up to a decrease in the quality and quantity of education that less well-off kids would be able to get.

Health Care

Ad failed to load

Then, there's health care. You may have thought it was safe, but the Senate version of the tax plan removes the individual mandate and, according to The Washington Post:

According to Vox, dropping the individual mandate "is the start of Obamacare collapse." If healthy (for now) people bow out of insurance that they don't want to bother paying for, premiums will rise as the remaining pool of people in the individual market needs more care. Then others who really do want insurance may be forced out because they can no longer afford the cost of their premiums. This could could hefty expenses to a family's budget.

Ad failed to load

According to CNN, the Senate bill does expand the Child Tax Credit, which aims to help families cover the cost of having children, from the current $1,000 to $2,000. That seems like an unequivocal bit of good news for familes! Oh wait, no. That extra $1,000 would not be available to the lowest-income families who need it most, if they don't end up owing federal income taxes.

Ad failed to load

All in all, the GOP tax plan does not seem to be the working class miracle that Republicans are promising. In fact, it just seems like it could very easily exacerbate our current income inequality.

There's still time to put the pressure on your representatives while the House and the Senate attempt to reconcile the two different bills. Calling is an effective way to register your thoughts on important legislation, so here's a directory to find your representative in the House, and here's the Senate directory.

And if all else fails, look to 2018, and the midterm elections.

Ad failed to load
Must Reads

6 Early Signs You're Going To Have A Short Labor, According To Experts

As far as I'm concerned, a short labor is right up there with winning the lottery in terms of lucky life events. (And when I was actually in labor, I would absolutely have traded a bucketful of lottery winnings for a speedier birth.) While some women…
By Kelly Mullen-McWilliams

Kids Will Love These TV Shows & Movies Coming To Netflix In March

You can always count on Netflix to keep it fresh: though there are already so many movies and shows to choose from, every month there's an influx of new content to keep your entire family entertained. As February enters its final weeks, it's time to …
By Megan Walsh

Here Are 10 Ways To Boost Your Baby's Immunity To The Flu

As I'm sure you've read in the thousands upon thousands of articles written about it this winter, the flu is spreading like wildfire and it's bad. Really bad. This strand of flu is the worst we've had in a very long time and it's the most widespread,…
By Abi Berwager Schreier

Khloé Kardashian Asked Twitter About Her Bump, & Moms Totally Delivered

Like her younger sister Kylie Jenner, Khloé Kardashian managed to keep most of her pregnancy a sort-of secret. But unlike Jenner, Kardashian chose to publicly announce her pregnancy several months before the baby's due date. While there's no wrong wa…
By Sophie Hirsh

21 Moms Share The Most Surprising Part About Having A C-Section

Honestly, I don't think we, as a culture, talk about C-sections nearly enough, especially considering so many mothers experience them. And because of a number of factors, the little we do talk about it always seems to be a familiar narrative: "It's n…
By Jamie Kenney

13 Yummy Instant Pot Recipes To Make Under 30 Minutes

An Instant Pot seems to be the must-have appliance in every kitchen these days. If you are anything like me and never knew the beauty of a Instant Pot, you are about to have your life changed. Basically, you put some ingredients into a pot, set the t…
By Kristin Manna

9 Things The First Six Months Of Motherhood Will Teach You About Your Baby

Personally, the first six months of motherhood was a mixed bag. I learned some harsh lessons about myself that made taking care of my baby seem overwhelming. For example, I was clueless, and no amount of research could help me feel like anything but …
By Steph Montgomery

11 Photos You *Must* Take During The Last Days Of Your Pregnancy

During my first pregnancy, I took a photo each week to document my growing belly. I stopped around 36 weeks, though. I hated how I looked in those pictures, and didn't think I'd want to relive those moments. I was wrong. My second pregnancy was a dum…
By Steph Montgomery

6 Red Flags To Definitely Look Out For After Your Baby Falls

The first time my infant son tried to take a few steps, he tumbled and bumped his head on the coffee table. My blood turned to ice in my veins and I froze. There truly isn't anything quite like the feeling a parent gets when their little one gets hur…
By Sarah Bunton

These 9 Instant Pot Recipes Will Make Even The Pickiest Eater Happy At The Table

Like any parent, I've had my share of parenting hits and misses, but one of my favorite "wins" is my daughter's diverse palate. I don't even know if I can take credit for it, but I would like to think I had something to do with her love for lentils, …
By Caroline Shannon-Karasik

Turns Out, Kim Kardashian's Favorite Mom Products Look A Lot Like Your Own Faves

Being a mom is really hard work, especially for the first few months, and Kim Kardashian West is no different in that regard. Now the mother of three, Kardashian says that there are a few products she just can't live without when it comes to raising …
By Abi Berwager Schreier

10 Things No One Tells You About Having A Baby In Your 30s

If you're like me, you evaluate the pros and cons of any major life decision. When my husband and I were considering starting a family, I thought about my career, education, and financial stability. I wanted to know how a pregnancy and childbirth wou…
By Steph Montgomery

Soda Might Hurt Your Fertility, Study Says, & Here's What You Can Do

Who doesn't love sugary drinks? I stopped drinking soda years ago, but I still love gulping down those fancy Starbucks coffee beverages. I don't have a big sweet tooth, but I am a sucker for sugar-sweetened beverages every now-and-then. Turns out, th…
By Annamarya Scaccia

5 Red Flags Your Toddler Isn't Eating Enough

Toddlers are notoriously picky eaters, at least in my experience. You offer mashed potatoes, they want french fries. You give them crackers, they scream for chips. It's frustrating, to be sure, but it's usually their way of vying for independence. It…
By Candace Ganger

35 Moms Share The Most Disgusting Things Their Husbands Do

I'm a human being who revels in challenges. I like when people present me with one, especially if they don't think I can meet or succeed it, and I like taking a challenge on, especially if it's unexpected. So when I aimed to uncover the most disgusti…
By Jamie Kenney

How Having Kids In Your 20s Affects You Later In Life

For parents, like myself, who had kids in their 20s, there are a number of questions that come to mind. When you're deciding what your future will look like, you'll likely consider what this means for your health, career, and more down the line. Thin…
By Tessa Shull

Study: Drinking Two Glasses Of Wine A Day Is Good For Your Mind — Here's Why

There’s more scientific proof that a daily drink or two isn't necessarily a bad thing and could have a place in an overall healthy lifestyle. A new study out of the University of Rochester Medical Center (URMC) in New York found that — in mice, at le…
By Tiffany Thomas

Research Says Eating Carbs Can Lead To A Healthy Pregnancy, So Bring On The Pasta

In the world of me, no food is better than bread. I know it's supposed to be pretty terrible for you, high in calories, low in protein, and full of that modern-day demon, gluten... but guys, it's really yummy. Especially warm out of the oven, when th…
By Jen McGuire

These Photos Of Prince George Then & Now Will Give You Serious Baby Fever

The Duke and Duchess of Cambridge are expecting their third child in Spring 2018. With all of the excitement surrounding the new baby, it's easy to forget all of the good times that have already passed. The couple's eldest is already well into the sc…
By Azure Hall

This Is, Hands Down, The *Grossest* Thing Babies Do Inside The Womb

Your baby's life in the womb may be safe and warm, but it's also kind of grody. Seriously, the whole process of growing into a human being includes more than a few icky moments along the way. But this is the grossest thing babies do inside the womb b…
By Lindsay E. Mack