The 2017 Tax Cuts and Jobs Act raises taxes on most Americans by 2027.

Evidence

As secretary of the treasury under President Trump, Mnuchin turned to a far larger transfer of capital to the wealthy, helping orchestrate the $1.9 trillion Tax Cuts and Jobs Act. By 2027, the bill will actually raise taxes on most Americans, while 82 percent of the benefits will go to the top 1 percent. — Andrew deWaard, Derivative Media, 298

Categorization

  • XREF: Tax-credit instruments in this bill are the reader’s listed financial vehicle; connects forward to any tax-credit-driven production deals.
  • QUESTION: Worth chasing: the ‘rates actually rise by 2027’ sunset language — this is a well-documented structural feature of the TCJA worth tracing formally.