Here are the TOP 10 PROVISIONS IN THE SENATE TAX REFORM BILL:
#1 -- Lowers tax rates for hard-working Americans.
#2 -- Nearly doubles the standard deduction for individuals and married couples.
#3 -- Eliminates the "marriage penalty" that causes married couples to pay more in taxes than unmarried.
#4 -- Doubles the child tax credit to $2,000 per child.
#5 -- Preserves the adoption tax credit and allows parents to save for education of children during pregnancy.
#6 -- Repeals the punitive alternative minimum tax.
#7 -- Greatly reduces the Death Tax.
#8 -- Lowers the corporate tax rate to 20%, making America competitive with the world again.
#9 -- Reduces the tax burden on America's small businesses by reducing taxes on "pass through"' income and allowing more deductions for business expenses.
#10 -- Fixes punitive double taxation on overseas income to bring investment capital back to America.
(and one bonus....)
#11 -- Eliminates the ObamaCare Mandate tax that hits lower to middle income families the most.
#2 -- Nearly doubles the standard deduction for individuals and married couples.
#3 -- Eliminates the "marriage penalty" that causes married couples to pay more in taxes than unmarried.
#4 -- Doubles the child tax credit to $2,000 per child.
#5 -- Preserves the adoption tax credit and allows parents to save for education of children during pregnancy.
#6 -- Repeals the punitive alternative minimum tax.
#7 -- Greatly reduces the Death Tax.
#8 -- Lowers the corporate tax rate to 20%, making America competitive with the world again.
#9 -- Reduces the tax burden on America's small businesses by reducing taxes on "pass through"' income and allowing more deductions for business expenses.
#10 -- Fixes punitive double taxation on overseas income to bring investment capital back to America.
(and one bonus....)
#11 -- Eliminates the ObamaCare Mandate tax that hits lower to middle income families the most.
The average family of four will save over $1,000 in taxes in the first year of implementation, and businesses will be set free to grow.
No comments:
Post a Comment