A 20 percent tax deduction for setting oneself up as a business could reward severing formal employment relationships but erode benefits and security.
While the well-to-do did even better than before, average income for Americans on the bottom half of the scale actually shrank under Presidents Ronald Reagan and George W. Bush.
The G.O.P. bills impose different rates on the same income based on things like organizational structure or occupation. At the losing end? Employees with paychecks.
The generation of people born 1962 to 1971, now in what are typically peak earning years, are finding they are not doing as well as they might have expected.
Dispelling misconceptions about what’s driving income inequality in the U.S.
Republicans claim that conservative-leaning states “subsidize” liberal-leaning states through deduction, while Democrats say repealing it will hurt middle-class families.