Wall Street Journal: “For the top sliver of taxpayers, it gives a permanent extension and expansion of expiring tax cuts from 2017, coupled with some new limits.”
“Middle-income households would get permanent tax-cut extensions, too. They would also gain temporary tax cuts, including a larger standard deduction and child tax credit and targeted benefits for senior citizens and people receiving tips and overtime pay.
”“There is relatively little for low-income people who aren’t paying income taxes now, and they will encounter some new complexity when claiming refundable tax credits.”