The Center for American Progress on Tuesday released an analysis of the tax plans in Project 2025, a right-wing manifesto whose authors have close ties to Republican presidential nominee Donald Trump, showing that conservatives aim to lower taxes on corporations and the rich while raising them on working- and middle-class Americans.
The liberal research and advocacy group, which published the analysis as part of a series of in-depth articles on Project 2025, found that the right-wing plan would raise income taxes for the median family of four by about $3,000, cut taxes by at least $1.5 million for a household earning more than $10 million per year, on average, and cut the corporate tax rate to 18% from 21%, an already historically low rate instituted by Republicans in 2017.
The analysis, authored by Brendan Duke, a senior director of economic policy at CAP, shows that, of households with a married couple and two children, only those earning more than $170,000 per year would see a tax break under the Project 2025 plan.
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