Only those who follow politics closely pay much attention when Congress passes a budget resolution—the budget blueprint both chambers agree to that guides the appropriations process. But everyone should take note of the budget resolution agreed to by Congress on October 26, not only because it includes language to expedite Republicans’ tax reform proposals, but also because the resolution itself contains bad news for many Americans. If you have a high income and are wealthy, you stand to win at lot, if you are poor or have modest income, you stand to lose a lot, and if you are old,…

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