Tax Reform for Americans
“When we began our push for tax cuts, I promised that our bill would result in more jobs, higher wages, and tremendous relief for middle-class families, and that is exactly what we have delivered.”
“It hadn’t been done in 30 years – but in 2017, Congress and the White House worked together to overhaul the tax code. We cut rates for families and businesses, expanded key deductions, closed wasteful loopholes, and repealed Obamacare’s individual mandate tax. We took a lot of money out of Washington’s pocket and put it back in the pockets of the middle-class families who earned it.”
The Tax Cuts and Jobs Act is already delivering for middle class Americans, allowing them to keep more of their paychecks. Employers are announcing expanded benefits and bonuses for workers, along with investments in new facilities and good-paying jobs all across the country.
The new law is putting more money in the pockets of hard-working families and creating the conditions for job creators and entrepreneurs to invest in the American workforce and compete internationally.
What Does Tax Reform Mean For Americans?
Tax Reform: Helping Hard-Working Americans
Sen. McConnell: “Another wave of economic optimism is breaking across America after last [year’s] historic tax reform legislation. Already, for weeks, we’ve seen special bonuses, pay increases, and other tax reform benefits delivered to workers across the nation. These immediate benefits are just the first fruits. Tax reform is also planting the seeds of long-term wage growth and job creation by making America a more attractive place for entrepreneurship and investment.”
Every passing day, more announcements are made of wage increases, bonuses for employees, or new investments being made thanks to tax reform. To get an idea of just how many workers and employers are benefiting, take a look at the list of announcements Americans for Tax Reform has compiled.