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 […]
Bloomberg Markets reports that, after “months of heated debate over whether companies would hand the biggest tax break in three decades back to shareholders or reinvest it in their businesses, there’s finally some hard data.” Of the 130 S&P 500 companies that “have reported results in this earnings season,” capital spending increased by an incredible […]
It turns out that the Tax Cuts and Jobs Act (TCJA)—passed late last year by Congress and signed into law by President Trump—will not only save hard-working Americans money in their paychecks and at tax time. It will also lower how much many individuals and families pay for electricity: In January, Topeka, Kansas-based Westar Energy […]
On Monday, April 16—the day before Tax Day—House Ways and Means Committee Chairman (and architect of the Tax Cuts and Jobs Act) Rep. Kevin Brady (R-TX) penned an excellent piece in USA Today about Americans filing their taxes for the last time under the previous, anti-growth tax code. In the piece, Brady writes that on […]
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. […]