Sunday, November 26, 2017

TOP 10 PROVISIONS IN THE SENATE TAX REFORM BILL:  

The Senate is expected to vote NEXT WEEK on the first major tax cuts bill in over 30 years

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.

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.