Many different think tanks and legislative analysts in Washington have been sounding the alarm that the GOP bill to cut taxes and spending has greater advantages for wealthier taxpayers than it does for working Americans.

But one group is projecting lower earners will not only receive smaller benefits from the bill but will actually be financially worse off when the individual rate cuts and benefit reductions are taken together.

The analysis from Penn Wharton Budget Model found that people in the second income quintile, making between $17,000 and $51,000 per year, will see a net reduction in their incomes of $705 as a result of the GOP tax package.

The effects for that income group get worse over time. The average 1.5 percent income reduction in 2026 expands to a 2 percent reduction by 2033 for a net income reduction of $1,200.

That’s compared to an $845 gain in 2026 for people making midrange incomes of between $51,000 and $93,000 per year. For people in the top quintile of the income spectrum, the total gains in 2026 are more than $468,000.

While more comprehensive than the distributional breakdown of the GOP tax package from the........

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