5 Myths About Tax Reform, and Why They’re Wrong

posted by Jay Weber - 

via The Daily Signal by Rachel Greszler

Next week, the House and Senate will take their final votes on tax reform. The president’s goal is to sign the legislation into law before Christmas.

Although there are still some unknown details, the important parts of the bill for most Americans are already known and would greatly improve our current, woefully out-of-date tax code.

The bottom line is that taxpayers across America can expect a tax cut. The bill would lower tax rates for individuals and businesses, double the standard deduction, and significantly increase the child tax credit.

The bill is also pro-growth and pro-American worker. The economy could grow to be almost 3 percent larger at the end of 10 years. That translates to more than $4,000 dollars per household, per year. American families could finally get a real raise.

Americans deserve to know the truth about the proposed tax reform packages. There are several myths going around about what the proposed plan would do.

Here are a few of them, and why they’re wrong.... THE COMPLETE STORY HERE>5 Myths About Tax Reform, and Why They’re Wrong

WASHINGTON, DC - OCTOBER 24: Senate Majority Leader Mitch McConnell (R-KY) (L) and U.S. President Donald Trump arrive for the Republican Senate Policy Luncheon and walk past a Russian flag on the floor that was thrown at the U.S. Capitol October 24, 2017 in Washington, DC. Trump joined the senators to talk about upcoming legislation, including the proposed GOP tax cuts and reform. (Photo by Chip Somodevilla/Getty Images)

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