Quote When we began our push for tax cuts, I promised that our bill would result in more jobs, higher wages, and tremendous relief for middle-class families, and that is exactly what we have delivered.

A NEW SYSTEM FOR HARDWORKING TAXPAYERS: Hardworking taxpayers will see more money in their paychecks as a result of the Tax Cuts and Jobs Act signed into law by President Donald J. Trump.

Today is the last “Tax Day” under the old system.

Next Tax Day in 2019, taxpayers will clearly see the results of the Tax Cuts and Jobs Act, as Washington will be taking less of their hard-earned wages.

Approximately two-thirds, 65 percent, of all households will see lower marginal income tax rates in 2018, according to a recent analysis by the Tax Policy Center. Taxes are expected to decline across all income groups. 82 percent of middle-income taxpayers are expected to receive an income tax cut.

A typical family of four earning $75,000 a year and with two children will see a tax cut of more than $2,000 in 2018.

Americans deserve a tax code that enables them to file their taxes without an army of lawyers and accountants and the Tax Cuts and Jobs Act will help do just that. Under the Tax Cuts and Jobs Act, a large majority of American families will have their taxes simplified because of the increased standard deduction. Dozens of special interest tax breaks and loopholes have been eliminated, which will raise $4 trillion in revenue to help offset tax cuts for American workers and families.



TAX CUTS AND REFORMS THAT WORK FOR AMERICAN FAMILIES: Less money taken out of workers’ paychecks will mean more money freed up to provide for their families and invest in their future.

Americans deserve a tax system that has their backs and the Tax Cuts and Jobs Act does just that by taking less out of workers’ paychecks and supporting their efforts to provide a better future for their families.

As a result of the tax cuts and reforms signed into law by President Trump, American families can look forward to: Lower individual tax rates. A nearly doubled standard deduction, from $6,500 to $12,000 for individuals and from $13,000 to $24,000 for married couples. A doubled Child Tax Credit, increased from $1,000 to $2,000 per child. A new $500 tax credit for dependents age 17 or older. An expanded medical expense deduction. No more individual mandate penalty tax. Expanded use of 529 education savings accounts, which can now be used to help pay for elementary and secondary education in addition to college.



TAXPAYERS TELL THEIR STORIES: President Trump has heard directly from hardworking taxpayers about how the Tax Cuts and Jobs Act is improving their lives.