Fox Business host rips GOP tax bill: ‘It’s gonna hurt the individuals’

Fox Business Network’s Trish Regan said Tuesday that she is concerned about the GOP tax plan’s impact on individuals.

Regan said that she doesn’t think it is “fair” for corporations to get a tax cut at the expense of individuals, especially since President Trump has repeatedly touted the plan as giving a tax cut to all Americans.

“Effectively, individuals are carrying the water for these corporations,” Regan said. “They get that great tax cut on the corporate side but people are not going to get it on the individual side and I just don’t think that’s fair.”

On her show, “The Intelligence Report,” Regan played clips of Trump pitching his tax plan, including one where he called tax reform a “big, beautiful Christmas present” for the American people.

{mosads}“I don’t think it’s going to be much of a present,” she said. “It’s a little like getting coal in your stocking because your tax bill’s going to go up.”

The House and Senate both recently passed versions of the tax plan, and are currently negotiating to iron out differences between the two bills. Congressional leaders have said they hope to have a plan on the president’s desk by Christmas, and some have said a bill could come as early as Tuesday.

Critics of the bill have said that it will primarily benefit corporations and extremely wealthy Americans, hurting middle-class and low-income Americans.

A new poll released Tuesday found that the majority of Americans said they think the bill is likely to hurt them and their families.

Republicans are tinkering with their bill in a House-Senate conference in ways that could move toward addressing Regan’s concerns. 

The Hill reported Tuesday that negotiators have reached a tentative agreement to have a 21 percent corporate rate, rather than the 20 percent rate initially approved. They also are considering lowering the top individual tax rate to 37 percent.