The tax cuts that we passed last year have empowered people to keep more of the money they earn and have put our economy on an upwards trajectory. We’ve seen more jobs, bigger paychecks and historically high small business optimism.
So, this week we passed three bills to lock in these tax cuts and make them permanent for individuals and families. This is what we’ll be getting permanently:
- Lower tax rates
- A doubled Child Tax Credit
- A huge standard deduction
- Expanded accessibility for retirement savings accounts
- Expanded options to make paying for school more affordable
- New incentives to help start-up businesses
These are just a few examples. With this bill we can lock in more headlines like these:
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