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Tax Reform Means Your Paycheck Will Grow

m.knox

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Aug 20, 2003
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Pro growth, pro worker, pro family........

https://www.wsj.com/articles/tax-re...a9d33fd15c42f6fac&reflink=article_email_share

The Tax Cuts and Jobs Act, which the House passed Tuesday, represents the biggest advancement for growth and opportunity in recent memory. It provides real relief to middle-income families and realizes policy goals conservatives have sought for decades.

The centerpiece of the bill is the most sweeping pro-growth reform of our tax code since the Reagan era—perhaps ever. Once President Trump signs it into law it will deliver more jobs, fairer taxes and bigger paychecks for Americans from all walks of life.

This is about helping a middle class that has been squeezed by a tax code that is expensive, complicated and skewed toward special interests. Nearly 8 in 10 Americans live paycheck-to-paycheck; nearly half say a $500 surprise bill or emergency would put them in debt.

Taxpayers will get significant relief soon. A family of four earning the median income of $73,000 can expect a $2,059 tax cut. The Internal Revenue Service has announced that it will adjust its withholding tables as soon as February. With less money withheld, paychecks will be bigger in a matter of weeks.
 
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