Congress Passes Landmark Tax Cuts
Business Tax Relief
Significantly slashes federal taxes for small businesses to encourage company growth and
Cuts taxes for C Corporations to a maximum of 21 percent to encourage bringing factories and good-paying jobs back to America.
Provides for unlimited expensing of equipment over the next five years to help businesses grow and create more jobs.
More than 99% will no longer live under the threat of the death tax. The exemption was doubled to 22 million for families and 11 million for individuals.
Personal Tax Relief
Repeals the Obamacare individual mandate.
Doubles the standard deduction from $6,000 to $12,000 for those who file single returns and $12,000 to $24,000 for married couples.
Increases the annual per-child family tax credit from $1,000 to $2,000
Slices all individual tax rates so people like you will keep more of your hard-earned dollars.
The average family of four will save more than $2,000 in taxes.
How do you feel about tax relief that encourages business growth and lets people like you keep more of your hard-earned dollars?