House Minority Leader Nancy Pelosi, D-Calif., will be at Florida Atlantic University in Boca Raton this morning as part of a nationwide tour to slam the $1.5 trillion tax cut approved by Congress and signed by President Donald Trump last month.
U.S. Reps. Debbie Wasserman Schultz, D-Weston, and Darren Soto, D-Orlando, are also expected at the 9:45 a.m. event at the FAU Student Union Building.
Congressional Democrats — including Florida Sen. Bill Nelson and Palm Beach County U.S. Reps. Alcee Hastings, Ted Deutch and Lois Frankel — opposed the tax bill, saying it disproportionately benefits wealthy taxpayers.
The Tax Policy Center, a Washington-based research group affiliated with the liberal Brookings Institution, says about 80 percent of taxpayers across all income groups will get a tax cut and the average income tax filer will see a tax reduction of $1,610 in 2018.
Those making between $48,600 and $86,100 — the middle 20 percent of all taxpayers — will see an average tax reduction of $930, according to the Tax Policy Center analysis, while the top 1 percent of earners, with incomes above $732,800, will see an average tax cut of $51,140. The top 1 percent of all earners made about 21 percent of all U.S. income and paid about 39 percent of all income taxes in 2014, according to IRS data.
