MADISON - In 2019, large corporations and other businesses in Wisconsin would receive 46 cents out of every dollar delivered into the state by the federal GOP tax cut bill, according to a new analysis.

The permanent tax cuts for corporations and other companies in Wisconsin would amount to just under $2.5 billion in 2019, or a bit less than the $2.8 billion delivered to individuals and families in the state, the left-leaning Institute on Taxation and Economic Policy found. The legislation is expected to see votes in the House and Senate this week and head to President Donald Trump's desk.

But because the bill's tax cuts for individuals are set to expire in 2025, the tax cuts for corporations would easily outweigh them by 2027.

In that year, individual taxpayers would pay $384 million more while large corporations in Wisconsin would still see a tax cut of just under $1 billion.

Supporters of the proposal say it would boost economic growth and jobs by making American businesses more competitive globally. They say that the tax cuts for individuals could be renewed in the future, just as the tax cuts passed by President George W. Bush were renewed for all but the very richest taxpayers.

House Speaker Paul Ryan (R-Wis.) said the bill would put small businesses "in a better position to compete locally."

U.S. Sen. Tammy Baldwin (D-Wis.) tweeted that the bill is unfair.

"It’s simply wrong to give huge tax breaks to the top 1% and corporations & put health care for millions on the chopping block to pay for it. Keep speaking out!" Baldwin posted.

An analysis by the right-leaning Tax Foundation of a version of the tax bill found that it would lead to the creation of 18,700 jobs in Wisconsin and add $2,632 to the after-tax income of the median income family in Wisconsin.

Under the bill, the great majority of Wisconsin residents — about 88% — would see a tax cut in 2019, according to ITEP.

In that year, taxpayers making up to $70,040 a year — a group representing the bottom 60% of taxpayers in Wisconsin — would see an average tax cut of $460, up slightly from an earlier version of the bill.

But without action from Congress, in 2027 this same group would see on average a tax increase of $190, according to the ITEP analysis. The ITEP board includes academics and the staff of left-leaning groups such as the Center on Budget and Policy Priorities.

The wealthiest taxpayers — who also pay the most in taxes — would get the biggest share of the overall tax cut and would still pay less in taxes even in 2027, according to the institute.

"This bill is going to substantially increase the growing divide between the rich and the rest of Americans," said Ken Taylor, executive director of the liberal-leaning Wisconsin group Kids Forward. "In 2019, more than half of the net tax benefits from this bill will go to the top 5 percent of Wisconsinites."

The bill would deliver $1.4 billion in tax cuts to large corporations in Wisconsin in 2019 and $1 billion in 2027, ITEP found.

U.S. Sen. Ron Johnson (R-Wis.) fought to ensure that the bill also cut taxes for a separate group of firms known as pass-throughs that have a limited number of owners who pay taxes on company profits through the individual income tax.

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In Wisconsin, those pass-through companies would see a $1.1 billion tax cut in 2019 and a $293 million tax increase in 2027, the ITEP analysis shows.

Johnson helped found and still owns a part of Pacur, an Oshkosh plastics company that is structured as a pass-through business. The senator hasn't disclosed how the bill might specifically affect that business and its taxes.

The $1.5 trillion tax cut bill has broad impacts, such as:

ACA. Effectively ending the mandate that individuals purchase health coverage. This provision is one of the least popular ones within the federal Affordable Care Act but is also seen as important to ensuring insurance marketplaces for individuals keep functioning.

Corporations. Cutting the top tax rate for corporations to 21% from 35%.

Estate tax. Cutting the tax paid by wealthy heirs.

Deductions. Nearly doubling the standard deduction for individuals and couples and doubling the child tax credit. Preserving some deductions, such as for student loan interest, teacher expenses and graduate student tuition waivers. But the bill also limits some other deductions, including capping the state and local tax deduction at $10,000.

A spokesman for Johnson had no comment on the bill, but the GOP senator told a La Crosse radio station he was voting for it to boost growth.

"If you're going to make American businesses competitive, you're going to have to reduce the top corporate rate and the top individual rate," Johnson said.