Republicans' opening bid for tax reform is egregiously tilted to the rich: Average tax cut by quintile from the House GOP "Better Way" vs. lump-sum tax cut of the same size
| Percentile | Average Tax Cut (Better Way) | Average Tax Cut (Lump Sum) |
|---|---|---|
| Lowest Quintile | 50 | 1810 |
| Second Quintile | 120 | 1810 |
| Middle Quintile | 260 | 1810 |
| Fourth Quintile | 410 | 1810 |
| 80-90 | 310 | 1810 |
| 90-95 | 370 | 1810 |
| 95-99 | 7690 | 1810 |
| Top 1 Percent | 212660 | 1810 |
| Top 0.1 Percent | 1262530 | 1810 |
Note: The scale required to accommodate the average tax cut for the top 0.1 percent is so large that it renders the tax cuts for the bottom 99 percent essentially invisible.
Source: Tax Policy Center analysis of house GOP tax plan