The just-announced Republican tax plan, which President Donald Trump is trumpeting as a boon for the middle class, would disproportionately benefit the rich and actually result in moderate tax increases for one in four U.S. households, according to an analysis by a nonpartisan group of experts.The report, compiled by the Tax Policy Center, finds that in 2018 households with incomes above $730,000 — placing them in the top 1 percent — would receive about half of the plan’s total tax benefit. Their after-tax incomes would also rise the most — by an average of 8.5 percent, or $129,030. And the top 0.1 percent would hang on to an extra nearly $723,000, increasing their after-tax earnings by a full 10 percent, the report estimates.The poorest Americans, meanwhile, would see their after-tax income increase by no more than 1.2 percent.The effects aren’t much better for the middle class. The report concludes the majority of the upper-middle class — meaning those earning between $150,000 and $300,000 — would actually see their taxes rise, because the plan would repeal most itemized deductions. And for those right in the middle, with household incomes around $65,000, taxes would be only marginally reduced, by about 1 percent, saving them about $650 on average.“A major feature is tax collections would shift dramatically, from businesses to individuals,” explained Eric Toder, a co-director of the Tax Policy Center, in an interview with the Washington Post.The report also concludes that the tax plan would dramatically reduce federal revenues, thereby increasing the deficit by $2.4 trillion over the first decade, and $3.4 trillion over the second — an effect the party of fiscal responsibility used to campaign against.