GOP Tax Plan: The Biggest Winners and Losers

The Republican tax plan now up for debate in the House is a budget-buster, creating $1.7 trillion in new deficits over 10 years. It's another mark of ideological bankruptcy from a party that, just a few years ago, shut down the government – and threatened to throw America into default – rather than raise the debt limit. the proposal is not an across-the-board tax cut. In fact, tens of millions of Americans would ultimately face a tax hike, according to Congress' Joint Committee on Taxation, while fewer than half of U.S. households would pocket a yearly tax cut of more than $100.