A Middle-Class Tax Cut? It Depends Who and Where You Are<br />The Senate version keeps most of the provisions of the House bill<br />that would have helped middle-class families, such as the doubling of the standard deduction, and would make others, such as the child tax credit, more generous.<br />But some economists said the bill would most likely be better for the middle class on average than the House bill.<br />The Senate bill would go further by also eliminating the deduction for state and local property taxes.<br />Both the evolving House bill and the emerging Senate plan would slash taxes for businesses and many wealthy individuals.<br />Both bills would eliminate the deduction for state and local income and sales taxes — not a big deal in low-tax states such as Florida and Texas,<br />but a potentially huge difference for many taxpayers in high-tax California and New York.<br />It would also preserve some tax breaks that the House bill initially would have eliminated, including<br />a deduction for medical expenses and a tax credit for families who adopt children.<br />Most analysts agreed that the tax bill would cut taxes for the middle class on average, but would raise them on millions of families.
