After 31 years, Congress delivers historic tax reform just in time for the New Year! Yesterday, Congress passed the Tax Cuts and Jobs Act that cuts taxes for American families and businesses, makes filing simple and easy, and closes loopholes that rigged the economy for too long. The President is expected to sign the bill […]
A recent National Association of Manufacturers (NAM) study shows many key indicators for the manufacturing sector’s economic health are “at record highs following enactment of the Tax Cuts and Jobs Act” late in 2017. “Empowered by tax reform and regulatory relief, manufacturers are now investing in our people through new jobs, higher wages, bonuses and […]
Recently, the Tax Foundation—a non-partisan tax policy non-profit—announced the release of a “tax calculator” to help people figure out how much the Tax Cuts and Jobs Act (TCJA), which was passed and signed into law last December, will “affect taxpayers in scenarios similar to their own.” This is a fantastic tool—and an even better idea. […]
Since Congress passed and President Trump signed into law the Tax Cuts and Jobs Act last year, the good news for working people and families just keeps rolling in. Not only are middle-class households getting a tax cut (which they are already seeing in their paychecks), many are also getting raises, bonuses, and increased benefits […]
Since November, the American Action Network (AAN) has been tracking what Americans think about the Tax Cuts and Jobs Act—the massive pro-growth tax reform law passed by Congress late last year. In 2018, AAN has also been conducting surveys to see what the impacts of the new law are in 60 districts across the nation. […]
Thanks to tax reform, American’s can expect to see thousands of new jobs created and tremendous wage growth. Average Americans and small-business owners alike can spend their hard-earned money as they please and start saving accounts for their future, their business’ future, and their family’s future. According to the non-partisan Tax Policy Center (TPC), middle-income […]
This month, Apple announced plans to pay a repatriation tax of $38 billion on its overseas cash holdings, as well as invest $30 billion in capital spending in the U.S. over five years that would create more than 20,000 jobs. Apple CEO, Tim Cook, said that the company directly relates this decision to the tax […]
It’s only been a few weeks since Congress passed the Tax Cuts and Jobs Act, but businesses of all sizes have wasted no time to announce their plans to create jobs, raise wages, give out employee bonuses, and invest back into the economy. Americans got their tax reform Christmas present, and it’s a present that […]