Taxes

Huge Savings for Americans From GOP Tax Cut

Analysis shows that a family of four will save up to $44,000 over 10 years from tax cuts.

Business Review Board · Jul. 24, 2018

The Heritage Foundation just released its analysis on the probable impact the Republicans’ Tax Cuts and Jobs Act will have on Americans’ take-home pay. The analysis found that all 435 congressional districts will see benefits from the tax cuts. The report notes,“ Over the next 10 years, because of a larger economy driven by tax cuts and the tax cuts themselves, the typical American household will benefit from more than $26,000 more in take-home pay, or $44,697 for a family of four.”

The analysts also write, “We find that the average household and the average married couple with two kids in every congressional district in every state benefit from the tax cut, both in 2018 and over the next 10 years. Nationally, average households will save $1,400, and married couples with two children will save $2,918 in 2018.”

This is indeed excellent news that President Donald Trump and Republicans need to be touting non-stop. And they need to remind voters that not a single Democrat voted for these tax cuts. To recap, ObamaCare, which not a single Republican voted for, has been steadily costing Americans more and more of their hard-earned income, while Republican tax reform, which not a single Democrat voted for, is proving to save Americans across the country thousands of dollars. That’s something to remember come November.

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