«What you will
see immediately in 2018 is because of the new withholding tables and the new rates, people in their paychecks will start to
see that
relief in higher income being retained by them because they're not going to have to obviously have to be paying more to the government, starting on January 1 for their 2018 tax bill,» he said.
While this tax reform legislation was being promoted as a tax cut for middle - income families, the reality was that millions of middle - class homeowners would
immediately face tax increases, while those who
saw a tax cut would
see significantly less tax
relief if they owned a home than if they were a renter.