as plutocratic populism. a mixture of traditional populist causes with extreme libertarian ones. congress own think tanks, the joint committee on taxation and congressional budget office calculate that in ten years people making between $50,000 and $75,000 a year around the median income in america would effectively pay a whopping $4 billion more in taxes. while people making $1 million or more would pay $5.8 billion less, according to an analysis of the senate bill before its last-minute changes. and that doesn t take into account the massive cuts in services, health care and other benefits that would likely result. martin wolf, the sober and fact-based chief economics commentator for the financial times concludes, this is a determined effort to shift resources from the bottom, middle and even upper middle of the u.s. income distribution toward the very top.