Six months ago today, President Trump signed into law the Tax Cuts and Jobs Act, historic legislation which streamlined our tax code and offered much-needed tax relief to the American people. Since passage of the bill, the once-in-a-generation tax overhaul championed by President Trump and Republicans in Congress has already provided numerous benefits and an even brighter future for the American people. Gone is the outdated system that took too much of our money, sent our jobs overseas and stagnated our economy.
Americans are now seeing thousands of dollars in tax relief and bigger paychecks. Middle-class families are benefitting from a doubling of the standard deduction and child tax credit. Lower taxes on businesses of all sizes are stimulating our economy, and Americans are feeling the effects of a reinvigorated economy.
More than four million Americans are receiving bonuses, benefit increases and higher wages from hundreds of companies, totaling some $4 billion back into working-class Americans’ pockets. Companies like Apple, Comcast, Boeing, and Bank of America have given workers across the country bonuses, in addition to pledging new investments into the American economy. Many more small businesses have done the same in their communities by growing their operations and hiring more people.
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(Excerpt) Read more at thehill.com ...
