The tax plan that President Trump and Congressional Republicans rolled out recently would reduce federal revenues by $2.4 trillion in its first 10 years and provide the largest tax cuts to the wealthiest Americans, according to an analysis released by the nonpartisan Tax Policy Center.

These revenue reductions would contribute to a huge increase in federal deficit and debt.

The richest 1 percent — households making at least $732,800 — would receive an average tax cut of $129,300 (8.5 percent). The upper middle class (households earning $48,600 to $86,100 a year) would get an average reduction of $660 (1.2 percent).

The poorest Americans, earning $25,000 or less, would receive an average tax cut of $60 (0.5 percent). In some instances, the taxes of poor and lower middle class households would increase.

Fred Upton reported in his end of September status that, “This framework will deliver tax relief for middle-class families.”

He is wrong. This plan is more the debunked “trickle down” economic philosophy. The last time our country tried this approach was under President George W. Bush, and what a disaster that was!

If the Republicans really wanted to infuse money into the economy over the next 10 years, they would give major tax reductions to the segments of the earning population, the working poor and middle class, who would spend it on goods that will boost industrial production. This approach will give the biggest bang for the buck.

Giving more tax breaks to the rich will do nothing but widen the already huge income gap between the wealthiest 1 to 2 percent and the vast majority of the population.

Please demand that Upton abandon his misguided support for the Trump “tax cut for the rich” and work instead to pass a true bipartisan bill to reduce the tax burden on the working poor and middle class.

Don Holmes

Buchanan