Who benefits from Democrat's 2021 American Rescue Plan compared to who benefitted from Republican's 2017 Tax Cuts and Jobs Act

 The following analysis was conducted by the non-partisan Tax Policy Center:

"According to a new analysis by the Tax Policy Center, the Senate version of the American Rescue Plan (ARP) would reduce federal taxes in 2021 by an average of $3,000 and raise after-tax incomes by 3.8 percent. Families with children would get an average tax cut of more than $6,000 under the bill, which now goes to the House for final approval."

(The American Rescue Plan is what is commonly referred to as the Pandemic Bill currently in the process of passage in Congress.)

"Simply in terms of whose taxes are cut, the bill is in stark contrast to the 2017 Tax Cuts and Jobs Act. In 2021, low- and moderate-income households (those making $91,000 or less) would receive nearly 70 percent of the tax benefits from the Senate measure. Among families with children, those low- and middle-income households would get nearly three-quarters of the benefit. By contrast, nearly half of the TCJA’s 2018 tax cuts went to households in the top 5 percent of the income distribution (who made about $308,000 that year)."

Check out the bar graph comparing the vast differences in who benefited from these two major bills at: 

https://www.taxpolicycenter.org/taxvox/pandemic-bill-would-cut-taxes-average-3000-most-relief-going-low-and-middle-income-households

"The ARP, passed only with Democratic votes, distributes more than two-thirds of the tax cuts to low- and middle-income households while they received only about 17 percent of the TCJA’s tax benefits."