Liberals are blasting the GOP's tax-reform plan for making a reduction in the corporate tax rate permanent even as a new family tax credit is phased out after five years.

The plan, released by House GOP tax writers Thursday morning, would cut the corporate tax from 35 percent to 20 percent, a major goal of President Trump and big business.

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The family tax credit, which is targeted toward the middle class and would give people a new $300 credit for each child and non-child dependent, would be phased out after five years.

Seth Hanlon, a former assistant for economic policy to President Obama, on Twitter called the GOP plan a "middle-class time bomb, both in terms of the direct tax effects & indirect effects of $1.5T+ in debt on programs" and singled out in his criticism the disparity between the corporate rate reduction being made permanent and the new family tax credit being phased out.

Translation: This bill is a middle-class time bomb, both in terms of the direct tax effects & indirect effects of $1.5T+ in debt on programs https://t.co/MMgQ4F5i6D — Seth Hanlon (@SethHanlon) November 2, 2017

Republicans say their bill would help middle class families, both by spurring economic growth and through changes in the code that would deliver tax relief.

"Under our plan, typical middle-class families will see bigger paychecks and receive a $1,182 tax cut," Speaker Paul Ryan Paul Davis RyanKenosha will be a good bellwether in 2020 At indoor rally, Pence says election runs through Wisconsin Juan Williams: Breaking down the debates MORE (R-Wis.) said in a statement. "That means more take-home pay and more money in your pocket. Working with the Senate and President Trump, we are going to make good on our promise to deliver relief to the American people. It's time to get this done."

The bill, for example, would nearly double the standard deduction to $24,000, something that could help middle-class taxpayers and simplify the code, the GOP says.

But it would also eliminate some itemized deductions prized by taxpayers, including those for student loan interest and medical expenses.

The first question at the GOP House briefing on the bill to top tax writer Rep. Kevin Brady Kevin Patrick BradyBusinesses, states pass on Trump payroll tax deferral Trump order on drug prices faces long road to finish line On The Money: US deficit hits trillion amid pandemic | McConnell: Chance for relief deal 'doesn't look that good' | House employees won't have payroll taxes deferred MORE (R-Texas) addressed the dichotomy of a temporary family credit with permanent corporate tax cuts.

Brady responded that the economic growth that would be driven by the corporate rate would help all Americans.

Separately, Republican Sen. Marco Rubio Marco Antonio RubioFlorida senators pushing to keep Daylight Savings Time during pandemic Hillicon Valley: DOJ indicts Chinese, Malaysian hackers accused of targeting over 100 organizations | GOP senators raise concerns over Oracle-TikTok deal | QAnon awareness jumps in new poll Intelligence chief says Congress will get some in-person election security briefings MORE (Fla.) has been pushing for a bigger expansion of the child tax credit, another break used by the middle class.

Rubio wants the Senate's legislation to include a larger increase for the child tax credit, saying the $600 increase in the House bill doesn't meet his or Trump's goal "of helping working families."